Merrick Manor is continuing its torrid pace of condominium sales, as the luxury Coral Gables building currently has 23 residences under contract for a total value of over $18 million! These units are selling at an average of $660 per square foot.
At this pace, Merrick Manor is projected to be completely out of available inventory within six months. So don’t wait!
Buyers are increasingly realizing that Miami-Dade County has extremely low housing supply – with no immediate solutions in sight. A new report from the Miami Herald, citing data from the Miami Association of Realtors, reveals that Miami-Dade has only about three months of condo supply, “making it an extremely tight inventory.” A market with between six and nine months of supply is generally considered to be a healthy market.
The growing concerns about the lack of inventory is fueling Merrick Manor’s activity. Local buyers represent 75% of the building’s buyer pool. These buyers recognize that Merrick Manor has the only move-in ready, $1 million-and-under luxury condo inventory in Coral Gables.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – 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 and Sunday.