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 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. This luxurious estate in East Coral Gables on Los Pinos Cr is now listed for $3,650,000.

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.

This analysis not only shows you the Coral Gables Luxury market status in the first half year of 2015 (outlining specifically quarter 2 of 2015), but also the price evolution of luxury homes in your neighborhood over the last 4 years.

 


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.

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.

More information on: 6721 Riviera Drive 

Listing with the David Siddons Group?
This is how we sell your property

 

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 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 is $443 per Sq.Ft.

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.

Click on image to enlarge

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

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 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 is $599 per Sq.Ft.

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.

Click on image to enlarge

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

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“).

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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 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.

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

 

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

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.

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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Coral Gables Condos for Sale
Coral Gables Homes For Sale
Coral Gables Waterfront homes
Coral Gables Luxury Homes for sale
New Coral Gables Homes for sale
Coral Gables homes in gated communities
Coral Gables Townhomes for Sale

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
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Cathryne HaladnerCathryne Haladner
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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!
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