Berkshire Hathaway Homeservices EWM Realty Says: Low Inventory Is Driver Behind Increase Of Value In The City Beautiful

Official Press Release of MG Developer

The residential real estate market in Coral Gables has continued to see unprecedented levels of activity in first quarter of 2022.  The ‘months of inventory’ remains at an all-time low of 1.1 months.   

Many buyers who are new to South Florida are seeking newly built, high-quality residences with proximity to restaurants, nightlife, and shopping.  ‘Walkability’ is now a major buying decision, and Coral Gables is a perfect fit for sophisticated buyers seeking a lower-density, semi-urban, lifestyle. 

With the hopeful end to the pandemic, the near term and long-term outlook for Coral Gables are perhaps brighter now than anytime in the city’s 100-year history. 

Downtown Coral Gables has truly seen a renaissance in the last two years.  The dining options have expanded with the opening of several new restaurants, retailers are opening boutiques and shops along Miracle Mile, and the city government is keenly focused on attracting new, higher end, residential development to provide more housing options to meet the increasing demand. 

MG Developer, Coral Gables’ most active real estate developer who is committed in the beautification of the City, can also attest to the current demands as it’s recently completed Althea Row, located on a quiet and elegant residential street in Biltmore Square, within the historical Biltmore area  of  Coral  Gables,  is  emerging  quickly as  the  new  epicenter  in  Miami  for  luxurious European stylish living, sold 80% of its homes in less than 60 days of completion.

Adjacent to Althea, MG will soon be delivering 10 more luxurious garden residences, Biltmore Row, which boasts approximately 6000 sq. ft. of 4 to 5 bedrooms, 3-story townhomes that are graciously designed, Spanish-revival inspired, contemporary style residences in the heart of Coral Gables that are a short walking distance to Golf Courses, the Coral Gables Business District, Miracle Mile, Riviera Club, and the iconic Biltmore Hotel.

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