Inventory has increased in Coral Gables by 3.3% compared
to the first eight months in 2013.
Pinecrest inventory has increased 32.1% in 2014 and in addition, Palmetto Bay and Cutler
Bay have increased more than 70% .
Houses For Sale |
In the chart below, you can see statistics of the market
based on the closed sales:
* Coral Gables: 10.4% less than 2013
* Pinecrest: 4%
less than 2013* Palmetto Bay: 4.7% more than 2013
* Cutler Bay: 10.5% more than 2013
Closed Sales |
In Coconut Grove, the inventory is more limited compared to
the previous cities analyzed. Closed
sales during 2013 Vs. 2014 has been reduced to 15%
Homestead inventory four years ago was grim, with foreclosures
and short sales on the rise. Now, 823
houses were sold, an increase in 8.7% vs. 2013. This city has surged with more
pre construction projects already in development.