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Coral Gables Market Continues to Thrive

By Josh Garcia

Real Estate Agent with EWM Realtors, Inc.

May 15, 2013 04:11 AM

Historically, Coral Gables has been one of the premier places to live in Miami due to its ideal location, thriving downtown area, and pedestrian-friendly tree lined streets, and according to recent closings the Coral Gables market continues to thrive. A considerable amount of 3 bedroom properties have closed in the past 6 months (i.e., 41), with an average sale price of $386, 507 (or $229 per sq. ft.). An interesting trend emerges when you compare the current 90 days closing sales (i.e., 2-10-13 to 5-10-13) with the previous 90 days closing sales (i.e., 11-19-12 to 2-9-13). During the current 90 days closing sales a total of 19 3 bedroom properties sold for an average of $390, 326 (or $231 per sq. ft.), in contrast, during the previous 90 days closing sales a total of 22 3 bedroom properties sold for an average of $382, 689 (or $226 per sq. ft.). These figures indicate a remarkable 2% increase in sales in the current 90 days closing sales compared to the previous 90 days closing sales. Given the continued growth of our nations economy and the housing market, the Coral Gables market will continue to thrive in the foreseeable future. See below for a brief description of some of the recent 3 bedroom closings in the Coral Gables.

5505 Arbor Ln

3 Bedrooms 3 1/2 Bath
3,813 square feet of living area
Closing Price: $2,200,000

Traditional elegance marries modern-day luxury in this timeless and understated residence located in the prestigious gated community of Snapper Creek Lakes. Totally updated 5 yrs ago with a metal roof, impact doors/windows, Australian blue spruce wood floors, handsome built-ins, crown molding, wainscoting, Cook's kitchen with top of the line appliances, luxurious baths, charming porches, oversized heated pool, "Fairchild-like" garden with mature oaks, and a generator for entire house.

1551 Ancona Av

3 Bedrooms 2 Bath
2,146 square feet of living area
Closing Price: $567,500

Located in the heart of the Gables, this 3 bedroom / 2 bathroom home with a 2 car garage has been completely renovated from top to bottom and is a turnkey charmer. This home has gorgeous travertine stone floors in the living areas with wood floors in the bedrooms. All bathrooms, kitchen, bedrooms, and living areas have been updated to show like a model. Accordion Shutters throughout the home as well.

Since joining EWM realtors in 2009 I have become one of the top realtors in Miami, having a volume of sales within the top 1% nationally. I have experience dealing with all types of clients and I strive to develop ways to identify and meet their needs to ensure the process is as simple and stress-free as possible.

If you are looking to buy or sell feel free to call me directly at 305.496.6693 or email me here:josh.garcia@miaprime.com to prepare a complimentary "comparative market analysis". Also, to find valuable information about the buying and selling process, information about all the different neighborhoods in Miami, and/or a complete list of all my listings (with full descriptions) please click here.

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