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Coral Gables Real Estate Market Update | December 2024
               
📍Median Home Prices: Single-family homes saw a 5.2% YoY increase, reaching $1.53M.

📍Condos rose 3.9% to $670K.
Tight Inventory: Active listings down 15% from Dec 2023, creating a seller’s market with limited supply.

📍Luxury Market Growth: Demand for $2M+ properties surged 12.4%, fueled by domestic & international buyers.

📍Market Drivers: High mortgage rates, strong job growth in Miami, and continued migration of high-net-worth individuals.

📍Future Outlook: Expect 6% appreciation for single-family homes and 4.5% for condos in 2025. Luxury demand to remain strong.

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🙍‍♀️Ana Zecca - Broker | Owner
🏠Zecca Realty Group, LLC
📲305.528.6700 ☎️305.772.8985
🌐zeccarealtygroup.com
📧[email protected]
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