A Comprehensive analysis of Coral Gables Luxury Homes – Quarter 2, 2015

The Comprehensive Analysis of luxury homes in Coral Gables

What is the status of Coral Gables Luxury Homes in Q1 and Q2 of 2015

♦ Average prices ♦ Price changes ♦ Inventory levels

Coral Gables Luxury Homes are very desired because 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. This luxurious estate in East Coral Gables on Los Pinos Cr is now listed for $3,650,000.

You might also like:

⇒ The luxury real estate market in Coconut Grove
⇒ The luxury real estate market in Pinecrest
⇒ The luxury real estate market in Ponce Davis

This 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 a distinction between East and West 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 homes in this area.

The David Siddons Group is currently listing this 5 bedroom property in East Coral Gables. This 3,800 Sq.Ft property is now listed for $1,995,000. Contact me for more information or click on the link below.

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Average sales prices per Sq.Ft for luxury homes in Coral Gables – Q1 and Q2 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 per Sq.Ft in Q1 vs Q2 of 2015. The average sales price for West Coral Gables luxury homes in the first half year of 2015 is $443 per Sq.Ft.

The West Coral Gables luxury market saw prices stay at an equal level compared to 2014. The average sales price declined with $1 per Sq.Ft. Waterfront properties slightly declined in price (only 1 waterfront property sold in the last 6 months) while non-waterfront properties slightly increased in price.

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Sales prices, sales prices per Sq.Ft and amount of luxury homes sold in West Coral Gables from 2011 till 2015.

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 per Sq.Ft in Q1 vs Q2 of 2015. The average sales price for East Coral Gables luxury homes in the first half year of 2015 is $599 per Sq.Ft.

Just like in West Coral Gables, the Eastern part of Coral Gables showed slightly declining prices in the first half year of 2015. While waterfront properties increased in price, the non-waterfront properties declined in price compared to the previous year.

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Sales prices, sales prices per Sq.Ft and amount of luxury homes sold in East Coral Gables from 2011 till 2015.

 

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.

The luxury property market always sees higher inventory levels than the more affordable properties therefore the number of months indicated here might be higher than what you normally see in our analytical reports. The Coral Gables luxury market shows relatively low months of inventory for the luxury market and is approaching a neutral market. This is a favorable for sellers.

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“).

Closed sales and Pending sales of Coral Gables Luxury Homes in Q2 2015

In the overview below you can see which Coral Gables luxury properties sold and which ones where under pending sales in Q2 2015

Luxury properties which sold in East and West Coral Gables in Q2 2015.

Luxury properties which were under pending sales in East and West Coral Gables in Q2 2015.

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

The average sales price per Sq.Ft for Miami’s luxury properties.

The months of inventory for luxury homes in Coral Gables, Coconut Grove, Pinecrest 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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