{"id":69048,"date":"2020-12-21T14:17:42","date_gmt":"2020-12-21T19:17:42","guid":{"rendered":"https:\/\/blog.myewm.com\/?p=69048"},"modified":"2020-12-21T14:17:42","modified_gmt":"2020-12-21T19:17:42","slug":"numbers-dont-lie-the-value-opportunity-in-coral-gables-is-with-condominiums","status":"publish","type":"post","link":"https:\/\/blog.myewm.com\/?p=69048","title":{"rendered":"Numbers Don\u2019t Lie: the Value Opportunity in Coral Gables is with Condominiums"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"wp-image-69049 aligncenter\" src=\"https:\/\/blog.myewm.com\/wp-content\/uploads\/2020\/12\/2b5e6670b.png\" alt=\"\" width=\"458\" height=\"610\" srcset=\"https:\/\/blog.myewm.com\/wp-content\/uploads\/2020\/12\/2b5e6670b.png 800w, https:\/\/blog.myewm.com\/wp-content\/uploads\/2020\/12\/2b5e6670b-225x300.png 225w, https:\/\/blog.myewm.com\/wp-content\/uploads\/2020\/12\/2b5e6670b-768x1022.png 768w\" sizes=\"(max-width: 458px) 100vw, 458px\" \/><\/p>\n<div><\/div>\n<div><\/div>\n<h4>The single-family market is out of reach for many buyers in Coral Gables, as prices continue to skyrocket. That means condominiums are a great value option for those who seek to call the City Beautiful home.<\/h4>\n<h4><\/h4>\n<h4>Over the three-month period from August through October, the median price of Coral Gables single-family homes surged to $1.05 million, a year-over-year jump of 14.5% (from $900,000) and 11% increase from the previous three months ($939,000), according to a Berkshire Hathaway HomeServices EWM Realty analysis of Multiple Listing Service (MLS) data. Many potential buyers are being priced out of the city\u2019s single-family market.<\/h4>\n<h4><\/h4>\n<h4>Another factor that makes condominiums more appealing, particularly Merrick Manor \u2013 the only brand-new condominium offering in Coral Gables \u2013 is that many of the single-family homes in the city are older and need significant renovations despite their expensive price tags. Merrick Manor residences are turnkey and available for prices starting at $489,990.<\/h4>\n<h4><\/h4>\n<h4>Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor\u2019s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it \u201cvery walkable.\u201d<\/h4>\n<h4><\/h4>\n<h3>Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.<\/h3>\n<h4><\/h4>\n<h4>For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at <a title=\"webextlink:\/\/301 Altara Ave., Coral Gables, FL 33146\" href=\"\/\/301 Altara Ave., Coral Gables, FL 33146\">301 Altara Ave., Coral Gables, FL 33146<\/a> \u2013 or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday.<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The single-family market is out of reach for many buyers in Coral Gables, as prices continue to skyrocket. That means condominiums are a great value option for those who seek to call the City Beautiful home. Over the three-month period from August through October, the median price of Coral Gables single-family homes surged to $1.05 [&hellip;]<\/p>\n","protected":false},"author":2497,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[59],"tags":[463,2457,3542,729,3539,2945],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/69048"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/2497"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69048"}],"version-history":[{"count":1,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/69048\/revisions"}],"predecessor-version":[{"id":69050,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/69048\/revisions\/69050"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}