July 24, 2020 August 27th, 2020 Coral Gables News, Real Estate News

Report: Condo Buyers Should Act Now, as Prices Will Soon Rise

The anticipated return of Latin American buyers and forecast of dwindling supply means condominiums prices in South Florida should increase in the near future, according to the 2020 ISG Miami World Report.

Active condo listings continue to decline in the region, the report states. The Miami Herald published a new article detailing the report’s findings. ISG expects a surge of Latin American buyers in South Florida next year, boosting competition for housing.

“We now have 15% of our annual condo sales coming from Latin America,” ISG Related President Craig Studnicky told the Herald. “If you increase that to 25% in 2020 given the economic growth the region is expected to see, that will impact sales.”

Prospective buyers searching for a condo in the Miami area will not find a better combination of luxury, location and value than Merrick Manor.

Merrick Manor is the only brand-new, move-in ready condominium offering 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 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.