A Comprehensive analysis of Coral Gables Luxury Homes – Quarter 1, 2015

The Comprehensive Analysis of luxury homes in Coral Gables

What is the status of Coral Gables Luxury Homes in Q1 2015

The Q2 2015 update on Coral Gables Luxury homes

♦ Averages prices ♦ Price changes ♦ Inventory levels

Coral Gables Luxury Homes are very desired as the area is safe, family friendly, close to Miami's best private schools and often located in gated communities on waterfront lots. For a personalized search of Coral Gables Luxury Homes for sale call me at +1 305 508 0899

Coral Gables Luxury Homes are very desired as the area is safe, family friendly, close to Miami’s best private schools and often located in gated communities on waterfront lots. For a personalized search of Coral Gables Luxury Homes for sale call me at +1 305 508 0899

The comprehensive analysis outlines the Coral Gables luxury real estate market. This research focuses on the Coral Gables luxury homes and it includes only those truly luxury properties with a sales price of $2M or more.

When we speak about Coral Gables we make distinction between East and West of Coral Gables. As a distinction between the two, we use the US1. Everything North or West of the US1 is West Gables whereas everything South or East of the US1 is East Coral Gables. Properties in East Coral Gables are generally speaking more exclusive and high-end,  given the high amount of gated communities and waterfront lots in this area.

This analysis not only shows you the Coral Gables Luxury market status in the first quarter of 2015 but also the price evolution of luxury homes in your neighborhood over the last 4 years.

 

 

The David Siddons Group listed 1220 S Greenway Drive in West Coral Gables. The property was under pending sales after two months and is closing for $2M in Q2 2015.

The David Siddons Group listed 1220 S Greenway Drive in West Coral Gables. The property was under pending sales after two months and is closing for $2M in Q2 2015.

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Average sales prices per Sq.Ft for luxury homes in Coral Gables – Q1 2015

 

West Coral Gables

The average sales prices for luxury homes in West Coral Gables - divided into all homes, waterfront homes and non-waterfront homes

The average sales prices for luxury homes in West Coral Gables – divided into all homes, waterfront homes and non-waterfront homes

After prices decreased slightly in 2013, the market has shown an increasing price level in recent times. From all the properties, non-waterfront homes have performed least in recent years and have seen a steady price decline. As can be seen in the table below, Q1 2015 only had 2 sales of which one was non-waterfront, making it hard to say something about price level changes in Q1 2015.

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Sales prices for luxury homes in West Coral Gables as well as the amount of luxury homes sold in the last few years. We provided you with the average prices of all homes, waterfront homes and non-waterfront homes

Sales prices for luxury homes in West Coral Gables as well as the amount of luxury homes sold in the last few years. We provided you with the average prices of all homes, waterfront homes and non-waterfront homes

East Coral Gables

The average sales prices for luxury homes in East Coral Gables - divided into all homes, waterfront homes and non-waterfront homes

The average sales prices for luxury homes in East Coral Gables – divided into all homes, waterfront homes and non-waterfront homes

Just like in West Coral Gables, the Eastern part shows rising prices after a slow 2013. Non-waterfront homes are performing better in East Coral Gables, although Q1 2015 experienced a little set-back in the price levels.  Waterfront homes however, are showing a significant increase in price levels.

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East Coral Gables Data

 

Months of inventory for luxury homes in Coral Gables

 

For the months of inventory of Coral Gables luxury real estate we combined East and West Coral Gables.

Looking at the inventory levels of luxury properties elsewhere in Miami, Coral Gables shows a lower level of inventory for luxury properties (see graph below in section “Comparing the Coral Gables Luxury Real Estate Market“).

The luxury property market always sees higher inventory levels than the more affordable properties therefore numbers here are higher than what you might normally see in our analytical reports.

Click to enlarge

The months of inventory for Coral Gables luxury homes

The months of inventory for Coral Gables luxury homes

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Closed sales and Pending sales of Coral Gables Luxury Homes in Q1 2015

 

In the overview below you can see which Coral Gables luxury properties sold and which ones where under pending sales in Q1 2015

Properties that were under pending sales in West and East Coral Gables in Q1 2015

Properties that were under pending sales in West and East Coral Gables in Q1 2015

Properties that closed in West and East Coral Gables in Q1 2015

Properties that closed in West and East Coral Gables in Q1 2015

 

Comparing the Coral Gables Luxury Real Estate Market with Luxury Real Estate in other areas

 

How does the Coral Gables Luxury Real Estate market compare to luxury homes in surrounding areas?
In the overview below we compare Coral Gables luxury homes with Coconut Grove, Pinecrest and Ponce Davis
Average prices for luxury properties in Coconut Grove and other Miami areas

Average prices for luxury properties in Coconut Grove and other Miami areas

The months of inventory of luxury homes in Pinecrest, Coconut Grove, Coral Gables and Ponce Davis combined

The months of inventory of luxury homes in Pinecrest, Coconut Grove, Coral Gables and Ponce Davis combined

 

Looking to invest in Coral Gables luxury real estate or would you like to sit down for a more personal approach? Contact me today

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FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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