Gables Market Numbers
From 10/05 - 12/06
BLUE=For SALE RED=SOLD
In the $750,000 + price range (about 95% of the Coral Gables market), there sits an average of about 300 homes (since April of 2006) on the market at this time, and only about 20 homes a month on average are selling. This is a staggering number!
Roughly 93% of homes on the market are not selling, or at least not selling any time soon. And with all the condo's being built or coming on line this year and the next, it'll be interesting to see how it all develops. Stay tuned!
Really, all this means is that if you are seriuos about selling your home, it has to be agressively advertised (an ad in the paper and a yard sign won't cut it), and above all, it has to be priced right.
Stay tuned for more, I'll be breaking the numbers down into different segments.
Richard Recuset - Multi-Million Dollar Producer-The Recuset Group - 786-287-9272 - email:Richard@RichardRecuset.com
BLUE=For SALE RED=SOLD
In the $750,000 + price range (about 95% of the Coral Gables market), there sits an average of about 300 homes (since April of 2006) on the market at this time, and only about 20 homes a month on average are selling. This is a staggering number!
Roughly 93% of homes on the market are not selling, or at least not selling any time soon. And with all the condo's being built or coming on line this year and the next, it'll be interesting to see how it all develops. Stay tuned!
Really, all this means is that if you are seriuos about selling your home, it has to be agressively advertised (an ad in the paper and a yard sign won't cut it), and above all, it has to be priced right.
Stay tuned for more, I'll be breaking the numbers down into different segments.
Richard Recuset - Multi-Million Dollar Producer-The Recuset Group - 786-287-9272 - email:Richard@RichardRecuset.com
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