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Coral Gables Market Trends Update

Homes that are priced fairly under $1M in Coral Gables seems to be selling, and selling at a much faster rate than they have for over three years. Of course, the inventory over $1M takes a lot longer to sell as there are fewer buyers with still a large inventory of homes in that price range. What use to take us five to six months to sell is now taking less than three weeks. Three years ago, we also had twice as much inventory with a lot fewer sales. Our market in Coral Gables has been very stable for some time now and with the low interest rates, we predict that the August figures will be even better than the July ones. This photo is of one of our listings that sold at asking price just three days after the first open house.

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