We are eight months into the year 2014 and it is very interesting
to see the positive changes in the real estate market.
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% .
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| 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
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| 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.
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Homestead
*Information taken from MLS with approximate ranges.
Highest Closed Sales (August 2014)
Coral Gables
90 Casuarina
7 bedrooms
7 bathrooms
Waterfront
$6,200,000.00
Pinecrest
5790 SW 97 St.
6 bedrooms
7 bathrooms
$5,495,000.00
Cutler Bay
19528 SW 80 Ct.
5 bedrooms
4 bathrooms
$ 688,000.00
Palmetto Bay
8740 SW 155 Ter.
4 bedrooms
3 bathrooms
$810,000.00
Coconut Grove
1872 S. Bayshore Ln.
6 bedrooms
6 bathrooms
$5,950,000.00
Homestead
24163 SW 212 Ave.
4 bedrooms
3 bathrooms
$500,000.00
For a personalized report, please feel free
to contact me at 305-905-3370.
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