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!
Born and raised in Miami, I bring a local insight to the buying experience like no other. People often ask me, "what's so great about Miami?"
The answer is you can get any experience you want here. Whether you like the city life, beach life, quiet beach life with access to the night life, architecturally rich, family life, country life, it doesn't matter! Miami is the place for you!
As a music teacher in South Miami, educating you in your preferred area so that you can live harmoniously is my goal. Whether you are looking for your forever home, or simply a cadential home, I ensure to cater to your needs with care and patience. It is my goal to help ensure that your real estate experience goes above and beyond what you expected, whether buying, selling, or renting.
"Providing real estate services with the local expertise you need, and the services you deserve."
Additionally I serve as the Director of Choral Activities at South Miami Middle School, where I foster an understanding of community, leadership and musicianship through extensive performances, opportunities and aesthetic experiences.
