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What Sold in Coral Gables – A Market Snap Shot of the Last Month
A Snap Shot Of Sold Coral Gables Homes in the Last Month
23 Oct – 23 Nov 2016
Coral Gables Properties sold for $1M+
Coral Gables Properties sold for less than $1M
The average sale price was $489 per SF with $369 per SF for properties sold below $1M and $627 per SF for properties sold above $1M. (This includes two sales of $2,000 per SF or more, in case you exclude these the average would be $486 per SF). Properties valued under $1M, sold on average for 4% below their listing prices while this was 11% below listing price in case of properties that were valued at $1M+. In the last month, 4 waterfront properties sold for $600+ per SF while one non waterfront property sold for $670 per SF. Property prices remained rather stable and as mentioned in our 2016 Residential Real Estate Report for Coral Gables, this market still sees the occasional high-end sales with peak prices. As the Gables’ market grew more steadily in the last few years without prices making massive jumps, you see now that the market is still stable and home prices are still growing albeit at a less fast pace.
Check our 2016 Miami Residential Real Estate Report for more information on the Coral Gables Real Estate Market. (The Coral Gables Section starts at Page 6)
Or click on any of the below links for more information on Coral Gables Real Estate
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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