Miami Real Estate Update: EWM’s Coral Gables Office Sold Over $50 Million This Week!

Penthouse at the Gables Club – Listed by Allison Blumenthal, Avatar Real Estate

Our office had another incredible week, with a total of $50,208,640 in real estate sales.  The bulk of that was for a vacant 1.74 acre lot at 301 SW 8 Street.  It closed for $20 million.  We also had several residential sales over $3 million.  Overall, the number of sales were twice as many as new listings.  We had 30 residential sales and only 15 new residential listings, further evidence that inventory is still tightening.  Demand is high from buyers, and sellers are less likely to list going into the holiday seasons.

If you are planning on selling in 2014, consider putting your home on the market now, while the inventory is low.  You will beat the rush of sellers that list their homes in the first part of the year.

 

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