Coral Gables Real Estate Update – Quarter 4 2015 | Quarter 1 of 2016
The Coral Gables Real Estate Market in a Nutshell
♦ Average prices ♦ Inventory levels ♦ Number of sales
Get a quick overview of the Coral Gables Real Estate Market in the first half year of 2016
Our quarterly real estate updates are excellent to gather a pulse on the Coral Gables real estate market as we provide the market’s key indicators. Although our real estate updates are refreshed each quarter they focus on the last half year of Coral Gables real estate data to provide you with a more complete overview of the market. All data are derived from the MLS South Florida
Data are given for Coral Gables homes in the price ranges of:
- $500,000 – $1M
- $1M – $2M
- $2M +
Summary of the Coral Gables Real Estate Market– Q4 2015 and Q1 2016
Please find all the data in the table below. For the more visual people, the graphs will follow hereafter.
Click on image to enlarge
The Average Sales Prices per Sq.Ft for Coral Gables homes
Have a look at the average sales prices per Sq.Ft for Coral Gables homes in the last 6 months
Please note that this graph provides the data for three different price ranges. The thicker, straight lines are trend lines and provide you with a better idea of to where the market is heading.
Click on image to enlarge
The Months of Inventory for Coral Gables Homes
The months of inventory is an important indicator in real estate. It indicates how many months it takes to sell all the current listings under the assumption that no new listings will enter the market.
Please note that this graph provides the data for three different price ranges. The thicker, straight lines are trend lines and provide you with a better idea of to where the market is heading.
Buyer’s market: more than 9 months of inventory based on closed sales
Seller’s market: less than 6 months of inventory based on closed sales
Neutral market: 6 – 9 months of inventory based on closed sales
Click on image to enlarge
Coral Gables homes for sale vs Coral Gables homes sold
This overview provides you with the amount of homes that sold vs the amount of homes that were listed on the market. This says something about the supply and demand of the Coral Gables home market
Please note that there are three different graphs for three different price ranges in the gallery
Click on images to enlarge
