Don’t Miss Out! Coral Gables Condominium Market is on Fire, but Supply is Dwindling Rapidly

Buyers in Coral Gables are increasingly recognizing that now is the time to move forward with a condominium purchase in the City Beautiful before inventory runs out and prices substantially increase. Merrick Manor is truly the last chance for $500,000-and-up buyers to acquire a condo in the city for the foreseeable future, as the luxury building only has 27 never before lived in residences remaining.

Coral Gables condo sales experienced a 22% year-over-year jump during the fourth quarter of 2020, according to Multiple Listing Service (MLS) data. Available inventory in the city declined by 7% in the same span. This trend is certain to continue in 2021.

In a new report, the Miami Herald declared that “condos are back,” citing Miami Association of Realtors monthly data. Throughout Miami-Dade County, condo transactions outpaced the single-family sector for the third consecutive month. Condo sales rose by over 29% from December 2019 to December 2020.

These converging trends point to Merrick Manor as the best option in the Miami market for today’s buyers.

Merrick Manor, the only brand-new condominium offering in Coral Gables, has a limited collection of available luxury residences. Buyers can take advantage of the unprecedented mortgage rates and enjoy the stress-free convenience of condo ownership in the City Beautiful.

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 Sales Gallery 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.