CORAL GABLES REAL ESTATE MARKET UPDATE: JULY 2024
When analyzing Coral Gables Real Estate Market Data, it's crucial to understand the nuances of different property types and the data we're using for comparisons. Single Family Homes and Condos in Coral Gables each have their unique patterns and behaviors. Today, we’ll focus on general trends, but remember, assessing a specific property requires a closer look at each micro-market.
Currently, we’re seeing an uptick in inventories compared to recent years, although we're still seeing fewer active listings compared to 5 years ago, pre-COVID. Properties, also, are taking a bit longer to sell.
For instance, in Coral Gables, we have 60% fewer Single-Family Homes and 50% fewer Condos on the market than we did in 2019. And we have 80% more Condos and 46% more Single-Family Homes available for sale than last year.
In terms of supply and demand, Single Family Homes continue to show signs of a Seller’s Market, while Condos are leaning towards a Balanced Market. There’s no indication of a market crash on the horizon, especially with the anticipated interest rate reductions expected for September.
To summarize:
- Inventories are on the rise, still at healthy levels
- The market is stabilizing into a more balanced market.
For insights on specific properties or markets, feel free to reach out!
Take the Smart Path!
About Inés Garcia-Arcaya
More than properties — I deliver peace of mind.
Real estate decisions are complex and the stakes are high. I help buyers and sellers move forward with confidence by combining deep market knowledge, broker-level experience, and an architecture-trained eye. My role goes beyond managing a transaction. I help you understand the numbers, see what others may overlook, avoid costly mistakes, and move through the process with clarity and less stress.
Because true luxury isn't only what you buy or sell — it's how protected, informed, and at ease you feel along the way.
My background is a little different from most agents. I studied architecture in Venezuela, earned an MBA from the University of Miami, and spent years in brokerage leadership — including serving as managing broker for one of the largest real estate firms in South Florida. That combination shapes everything about how I work. I look at properties through the lens of design, function, and long-term value. I analyze pricing and strategy with a business mindset. And I bring the kind of transactional experience that only comes from having seen hundreds of deals from every angle.
I've lived in South Florida since 2000 and currently call Downtown Coral Gables home — a city I genuinely love for its walkability, architecture, and sense of community. That's not a marketing line. It means I know these neighborhoods personally, not just professionally.
Real estate involves many moving parts: pricing, timing, condition, contracts, inspections, insurance, financing, associations, negotiations. My job is to simplify all of it — without sugarcoating the hard parts. I believe in honest advice, even when it's not what someone wants to hear. I'd rather have a direct conversation early than let a client move forward on incomplete information.
If you're buying, selling, leasing, or just trying to understand the market — I'm happy to talk.
My Values
Positive Impact
My goal is to positively impact the people around me by transforming the experience of buying and selling real estate into a relationship based on education, guidance, and enjoyment.
Trust
What you see is what you get. I believe in transparent relationships, honest advice, and consistent communication throughout the process.
Congruence
I follow my heart, but most importantly, I let my clients’ needs, interests, and goals lead the relationship.
The REAL Customer Experience
I apply my knowledge and experience to simplify the complexities of the real estate process, helping my clients feel informed, confident, and supported every step of the way.
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