South Coral Gables Homes for Sale – A Market Analysis

The Neighborhood analysis for South Coral Gables homes.

 Must read for those looking to Invest in Coral Gables Real Estate

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 South Gables Home market. We concentrated our analysis uniquely on those homes West of LeJeune Rd and East of Granada Blvd.

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 5 years

Interested in the Gables ⇒ Check out our:

♦Monthly Coral Gables Real Estate Update
♦What Can I afford in Coral Gables with 4 different budgets
♦The Values per Street in East Coral Gables (Cocoplum, Sunrise Harbour, Hammock Oaks etc)

This newly constructed home on 515 Caligula Avenue was the highest sale in this area in the last 12 months.

This newly constructed home on 515 Caligula Avenue was the highest sale in this area in the last 12 months.

 

The Values of South Coral Gables homes in the last 12 months (Oct ’13- Oct ’14)

 

In the table below you see all the homes that sold in the South Gables area in the last year. As you can see they are selling between  $263 and $535 per Sq.Ft. The Average sales price per Sq.Ft in this area is $361. East of the US1,  this part of Coral Gables offers the most affordable homes.

Sales Prices in South Coral Gables in the last 12 months (Oct 2013 - Oct 2014) Data are taken from the MLS

Sales Prices in South Coral Gables in the last 12 months (Oct 2013 – Oct 2014) Data are taken from the MLS

Please see all the sales in the last year on this map for a clearer overview

Sales Prices in South Coral Gables in the last 12 months (Oct 2013 - Oct 2014) Data are taken from the MLS

Sales Prices in South Coral Gables in the last 12 months (Oct 2013 – Oct 2014) Map view

Coral Gables Home Prices in the last 5 years

 

Prices have been on the rise in the last few years in the southern part of Coral Gables. The average for this year is $397 per Sq.Ft (2014).

Prices 5 yeras

Inventory Levels of Coral Gables Homes in the last 5 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 (not a buyers, not a sellers market). Compared to last year 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!
Inventory levels are a good indicator for buyers and for sellers of real estate to know when to get in or out! This graph indicated the inventory levels of the South Gables in the last 5 years

Inventory levels are a good indicator for buyers and for sellers of real estate to know when to get in or out! This graph indicated the inventory levels of the South Gables in the last 5 years

The David Siddons Group monitors the Coral Gables Real Estate market closely. Interested in being updated on the latest trends or movements which will have an impact on your property? Join our mailing list (See the button at the top of this page) or contact me directly for more information or a free of charge appraisal of your home!

 

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