2012 Coral Gables Condos for Sale Market Analysis -- Still Waters Run Deep in “City Beautiful” by condoblackbook

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While the prices seem to resonate with City Beautiful’s quaint personality, the sales momentum in the Coral Gables condos market seems to make up for all the excitement. Read on for analysis.

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									Title:

2012 Coral Gables Condos for Sale Market Analysis -- Still Waters Run Deep in “City
Beautiful”



Teaser:

While the prices seem to resonate with City Beautiful’s quaint personality, the sales
momentum in the Coral Gables condos market seems to make up for all the
excitement. Read on for analysis.



Main Text:

Coral Gables has always been appreciated for its quaint personality that comes dressed
in the most chic attire. A condo in this classy neighborhood has always been the
preference of those who appreciate luxury and high-end living, but not at the cost of
their privacy or distance from natural beauty. When it comes to the Coral Gables
condos for sale market, which has always been much in demand, skimming the surface
with price comparisons alone might paint a dull picture for 2012; however, as one digs
deeper into the surface with a sales momentum analysis, a different version seems to
emerge.

Comparing the third quarter of 2012 with that of 2011, while it has nothing new to offer
in terms of big changes in pricing, in terms of the number of sales, Coral Gables still
maintains its status quo as a universally attractive locale in South Florida. The sales
momentum for Coral Gables condos has increased by 23.5% in general. However, a
closer look reveals an even more interesting picture with regard to its luxury condo
segment. A comparison of high-end condos in Coral Gables, priced above $350,000,
shows an increase in sales momentum by 42.9%. This increase points towards an active
interest of buyers in the Coral Gables condos for sale market, which will likely end up
leading to an increase in prices soon.

Though the Coral Gables condos market might be quiet on the surface with a lot of
hustle-bustle below, the same does not apply to its immediate neighbors. The
announcement of a new luxury condo tower, the Grove at Grand Bay by the Terra
Group, in the Coconut Grove neighborhood is already creating a stir in Miami-Dade. This
20-story, two-tower complex on the South Bayshore Drive will not only offer superior
amenities in a captivating natural environment, but also offer a breathtaking view of
Miami Beach, Downtown Miami, as well as Coral Gables. It would be interesting to note
the impact of this new development that starts construction in the last quarter of 2012
on the Coral Gables condos for sale market in the months that follow.

								
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