Foreclosures (REOs) in Coral Gables, are there any?
By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
People always ask us if there are any foreclosures in Coral Gables. Sellers want to know if their property values are protected and buyers want to know if there are deals to be had in one of Miami-Dade's most prestigious addresses. Yes, but they come on the market infrequently and the competition is fierce. The stability of the Coral Gables has mostly protected it from foreclosures. There have been short sales, but due to the desirable address, they normally do not make it all the way to foreclosure and are sold at the short sale stage. Even those are not nearly as common as they are in the rest of Miami-Dade County. Let's compare the numbers: Coral Gables Foreclosures vs Miami-Dade Foreclosure and see how they compare Total Listed Single Family Homes Miami-Dade 10,218 Coral Gab...
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