Coral Gables Real Estate Is On Track To Outsell 2009
♫ January 6th, 2011 8:55 amJust taking a quick look at my Coral Gables numbers this morning I noticed that the Gables has already had 96 single family homes to sell so far in 2010. This is 24 more sales than we had during the same time period of 2009, and 21 more sales than we had in 2008.
The reason for the increase in sales does not seem to be a result of lower prices, at least not in Coral Gables. The “price per square foot” figure only fell $4.00 from the first quarter of 2009 to the first quarter of 2010. The reason is likely due to lower mortgage rates and general consumer confidence.
Other interesting figures: The average sale price for a home in Coral Gables during the first quarter of 2010 was $1,002,672 and the median was $645,000.
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