The below article was written in 2014 and some of the information provided might not be accurate anymore. Please use the orange buttons above to find the latest news and real estate market updates of Coral Gables.
Coral Gables is often called one of Miami’s best places to buy real estate and to settle down with a family. Coral Gables offers a diverse range of neighborhoods and this blog focuses on the homes around the Biltmore Golf Course
This blog is useful for sellers but also for people that are looking to invest in Coral Gables Homes. It shows you the market values of this area today as well as sales values and other important market data over the last 3 years
The Values of Coral Gables homes in the last 12 months (Nov ’13- Nov ’14)
In the table below you see the values of sold homes in this area of Coral Gables per street. When a street is not mentioned this is because there were no sales in the last 12 months. As can be seen from the table here below values range from the mid $200’s to the higher $400’s per Sq.Ft.
Coral Gables Home Prices in the last 3 years
Prices have been on the rise in the last few years in this part of Coral Gables. The average sales price at this moment (Nov 2014) is $355 per Sq.Ft. As can be seen, prices are rising steadily and are less volatile than in other Miami areas.
Inventory Levels of Coral Gables Homes in the last 3 years
An Important indicator in Real Estate is the months of inventory. It indicates how long it will take to sell all the homes that are currently for sale, if no other homes enter the market. Coral Gables is currently in a neutral market with 4.8 months of Inventory (not a buyers, not a sellers market). Compared to a few months ago the inventory is a little up, which means sellers should be aware of rising levels and more competition, whereas buyers can see this as an opportunity!
The David Siddons Group monitors the Coral Gables Real Estate market closely. Interested in being updated on the latest trends or movements?Subscribe to our website or call me directly.
David Siddons | 305.508.0899 | David@siddonsgroup.com
These are the most commonly asked Google Real Estate Related questions
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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