Real Estate, Community News & More from My Desk to Yours

Sunday, June 27, 2010

"Losing It Big Time" Helps Senior Citizens

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.

Monday, June 14, 2010

Coral Gables Condo Market - Rising Sales, Less Inventory

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.

Sunday, June 6, 2010

Real Estate Sales Are Up

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.