S & J Journal

Coral Gables TV coverage of Losing it Big Time, Click Here .  Joined by colleagues and friends, we pledged to publicly lose at least 25 pounds in two-month’s time to improve our own health and build awareness for a great cause, the Coral Gables@HOME program. We raised $10,000 to help senior citizens. Coral Gables@HOME is an initiative of the Coral Gables Community Foundation, and is the first non-profit membership program of its kind in Florida. The initiative provides services for elder independent living such as wellness programs, meal catering, transportation, and more. To volunteer or make a donation, information and membership applications for Coral Gables@HOME are available at www. gablesfoundation .org .

Coral Gables condo inventory has been fairly stable in 2010, and has decreased about 21% since May of 2009. At that time there was about a 50-month supply of condos on the market, at all price ranges. Inventory, especially in the $300,000 to $600,000 price range (where the bulk of the condos are), has fallen from a 140-month supply as of May 2009 to a 10-month supply in May 2010. Also, builders do not have many new units under construction, so the inventory should continue to decline in the Gables area. Now is a great time to make an investment as prices seem to be very stable and perhaps on the rise. Call us at (305) 446-2001 for a consultation.

For the third month in a row, home sales are on the rise. Perhaps this is largely due to the government-run first-time homebuyer subsidy program, but also in part has to do with the availability of the lowest mortgage interest rates in half a century.  According to Florida Realtor , this rise in pending sales is improving inventory levels making it more attractive for homeowners to sell in today’s market. To find out how to get a free market analysis on your home, call Jeannett or Ginger at 305-446-2001.