Sales have slumped in this Coral Gables enclave off Old Cultler Road. There are currently 12 properties for sale listed between $1,999,000 and $10,850,000, but the last property to close was in September, 2012 and there are no pending sales. These luxury properties with acreage, in a beautiful location, have had no buyers for three months. And only two of the homes for sale have dropped their price, one of which has been on the market for over two years. It seems the sellers here are in no hurry.
There were seven closed sales in all of 2012 with an average sale price of $2,544,000 and an average price per square foot of $368.00. Houses were on the market an average of 330 days.
If you would like to view homes in this community or wish to discuss selling or buying a home in Coral Gables, give me a call at (305) 898-1852 or email me at [email protected]