Comprehensive Real Estate Report for Coral Gables – Coral Gables Homes of $1M – $1.5M

The most comprehensive and up-to-date report on the Coral Gables real estate market

Homes between $1 million and $1.5 million

This report is part of the greater Coral Gables real estate report 2015, prepared by the David Siddons Group. To provide the reader with a better understanding and to really appreciate the sub-markets within the Coral Gables real estate market, we created a unique report for four different price ranges.

A 3-bedroom Coral Gables home on San Domingo Street, now listed for $1,274,000.

Sale prices for Coral Gables homes

In 2015, the average sales price per Sq.Ft was $398 for a Coral Gables home in this price range. Looking at the graph below we can see the continuous increase in the selling price per Sq.Ft since 2011, with a 33.5% increase in property values over the last 5 years. The average selling price for properties between $1M and $1.5M was $1,250,694.

Real Estate Report on Coral Gables Homes | $1M - $1.5Million
Real Estate Report on Coral Gables Homes | $1M - $1.5Million
Real Estate Report on Coral Gables Homes | $1M - $1.5Million

The amount of homes sold over the years. 2015 Shows average sales activity compared to previous years.

Real Estate Report on Coral Gables Homes | $1M - $1.5Million

The percentage of increase or decrease in the selling price per Sq.Ft over the years.

Inventory levels and days on market

The inventory within this price range of Coral Gables homes decreased significantly from 2011 to 2013. In 2013 we experienced a true sellers market. This year, in 2015, we see an average of 10 months of inventory which is a moderate buyer’s market.

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.

♦ Buyer’s market: more than 9 months of inventory based on closed sales
♦ Neutral market: 6 – 9 months of inventory based on closed sales
 Seller’s market: less than 6 months of inventory based on closed sales  

The days a property stays on the market before being sold has decreased considerably. In 2011 it was 206 days while today this has been decreased to only 75 days.

Real Estate Report on Coral Gables Homes | $1M - $1.5Million
Real Estate Report on Coral Gables Homes | $1M - $1.5Million

Interesting links:

Search Coral Gables homes for sale
Search Coral Gables homes for yourself directly from the MLS
The best Coral Gables home for sale at this moment
Our top 10 pick of best value properties for sale in Coral Gales
The Coral Gables quarterly real estate updates
Quarterly updated reports on the Coral Gables real estate market
Building your own home in Coral Gables
Looking to build your own home or renovate a dated home? We have all the tips, tricks and information for you

Coral Gables homes for sale at this moment

There are currently 60 homes on the market. We showcase the most important data below. In case you might want to know more about Coral Gables homes for sale in this price range contact David or search for Coral Gables homes yourself by clicking on the link.

Real Estate Report on Coral Gables Homes | $1M - $1.5Million

David Siddons

david@siddonsgroup.com | +1 305 508 0899

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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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