Top Coral Gables realtor, Ashley Cusack, published an updated analysis of her hometown real estate market trends, entitled “The Sky is Not Falling”. She concludes that it remains strong, and resilient to the market forces causing falling prices in many other communities across the country.
Tag Cloud
Top Coral Gables Realtor Ashley Cusack
Issued Report Showing Market Resilience
The report presents, through
extensive trend analysis,
conclusive evidence that the
market fundamentals for luxury
homes in Coral Gables priced at
between $3M and $5M are solid.
Home inventory is down over 10%
in the last year, the price per
square foot has increased by
almost 40%, and average time on
the market is down by 20% during
the same time period.
"Every time I turn on the news
lately, it seems like I hear doom
and gloom about the real estate
market, but I have to tell you that
I disagree,” said Cusack.
“While it does not feel as
white-hot as it did in the third
and fourth quarters of 2021,
the Miami market has not
stopped moving!”
Attention is first drawn to the home
inventory levels, with the highest
level of 22 homes for sale in Coral
Gables in September 2021, which
was the highest number during the
last 15 months.
Inventory levels dropped to an
all-time low of 8 homes in
January 2022 but have
remained relatively stable for the
next 6 months at an average of
14 homes.
On the sales side, home
closings are up over 9% for
the same time period, and
pending sales are up by an
impressive 111%.
These numbers demonstrate
strong sales performance,
especially when considering
the declining inventory
environment.
“There are definite
fluctuations, but these
numbers do not scare me like
the stats that I see on the
news,” Cusack added.
“I understand that the rapid
increase in mortgage rates might
give buyers pause, but with
companies and people still moving
down to South Florida, our luxury
market simply has not stalled.”
See the full report at:
https://ashleycusack.com/the
-sky-is-not-falling/
Issued Report Showing Market Resilience
The report presents, through
extensive trend analysis,
conclusive evidence that the
market fundamentals for luxury
homes in Coral Gables priced at
between $3M and $5M are solid.
Home inventory is down over 10%
in the last year, the price per
square foot has increased by
almost 40%, and average time on
the market is down by 20% during
the same time period.
"Every time I turn on the news
lately, it seems like I hear doom
and gloom about the real estate
market, but I have to tell you that
I disagree,” said Cusack.
“While it does not feel as
white-hot as it did in the third
and fourth quarters of 2021,
the Miami market has not
stopped moving!”
Attention is first drawn to the home
inventory levels, with the highest
level of 22 homes for sale in Coral
Gables in September 2021, which
was the highest number during the
last 15 months.
Inventory levels dropped to an
all-time low of 8 homes in
January 2022 but have
remained relatively stable for the
next 6 months at an average of
14 homes.
On the sales side, home
closings are up over 9% for
the same time period, and
pending sales are up by an
impressive 111%.
These numbers demonstrate
strong sales performance,
especially when considering
the declining inventory
environment.
“There are definite
fluctuations, but these
numbers do not scare me like
the stats that I see on the
news,” Cusack added.
“I understand that the rapid
increase in mortgage rates might
give buyers pause, but with
companies and people still moving
down to South Florida, our luxury
market simply has not stalled.”
See the full report at:
https://ashleycusack.com/the
-sky-is-not-falling/