Zillow: Miami Home Values Surge in April 2023, Inventory Plunges

Miami-area home values jumped 6.45% year-over-year in April 2023, according to a new report from Zillow. That represents the largest increase of any U.S. housing markets tracked in the report, and underscores why buyers should act now before prices rise even higher.

Intense demand and scarce inventory are contributing to the pricing increases. The Miami market had 22.9% fewer listings year-over-year in April.

With these metrics in mind, it’s no mystery why Merrick Manor is seeing a flurry of activity from buyers interested in the Coral Gables luxury building’s final collection of one-bedroom condominiums. The one-bedrooms are especially popular with University of Miami students seeking a safe and convenient place to live near campus.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

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.