It’s that time again for the #watchfulwednesday market update! Last month, as expected with the holidays, we saw a slow down of the Coral Gables market. Homes had a higher than average market time, but, of course, it wouldn’t be Coral Gables without the sustainability of market price.
Year over year, 2019’s slow down, however, was a bit more than usual. Were this the only future market predictor, I would say this is a cause for concern, but being one of at least 6, it is not a huge concern. Year over year, prices were about $300k less than 2018, however, still relatively strong. Foreclosures and short sales are down, mortgage rates are historically low, new construction continues to flourish and the luxury market still remains strong.
Want to know my prediction of the real estate market for 2020? Click here!
All these items play a factor in your home price – if you would like a FREE personalized home valuation, comment below or contact me!
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