Coral Gables Market

By
Real Estate Agent with EWM Realtors, Inc.

According to recent data the Coral Gables market continues to thrive. A considerable amount of 3 bedroom properties, all under 2,000 Sq. Ft., have closed in the past 6 months (i.e., 74), with an average sale price of $496,081 (or $283 per sq. ft.). An interesting trend emerges when you compare the current 90 days closing sales with the first 90 days closing sales of 2013. During the current 90 days closing sales a total of 44 3 bedroom properties sold for an average of $506,191 (or $288 per sq. ft.), in contrast, during the first 90 days closing sales a total of 30 3 bedroom properties sold for an average of $485,972 (or $277 per sq. ft.). These figures indicate a remarkable 4% increase in sales in the current 90 days closing sales compared to the first 90 days closing sales. And when you compare the active properties to the current 90 days and first 90 days, an even more interesting trend emerges. There are currently 25 active 3 bedroom properties for sale in Coral Gables, with an average listing price/Sq. Ft. of $343. This average listing price/Sq. Ft. is an astounding 20% higher than the average closing price/Sq. Ft. for the current 90 days and 24% higher than the average closing price/Sq. Ft. for the first 90 days period. According to these data, the continued growth of our nation's economy and the housing market, it appears the Coral Gables market will continue to thrive in the foreseeable future. Please see below a brief description of a recent closing in Coral Gables.

 

Coral Gables

636 Palermo Ave.

  • 3 Bedrooms 2 Bath
  • 1,759 Sq. Ft.
  • Closed for $720,000

This property had the highest  closing price in the City for homes under 2,000 Sqft! Interestingly, this house was listed for sale by the owner for months but did not sell. However, once a realtor listed it in the MLS, it only lasted 6 days on the market and took less than a month to close! It is located in the heart of Coral Gables, walking distance from the Mile. It has been completely updated, with wood kitchen cabinets and granite countertops, stainless steel appliances, built in wood bar with granite countertops and two stainless steel sub-zero wine coolers. Also has updated baths, large closets, hardwood floors, impact windows and French doors, large marble paved drive-way, large marble tiled porch, beautiful landscaping, fully functional irrigation system, garage, marble paved patio with pool and jacuzzi, and underground utilities.

 

Please see below a list of some highlighted properties currently available in Coral Gables.

coral gables

1240 Asturia Ave.

  • 3 Bedrooms 2 Bath
  • 1,995 Sq. Ft.
  • Listing Price $625,000

Charming vintage Mediterranean home in great neighborhood. Beautiful front porch/casual area, hardwood floors, and French doors. Oversized social areas featuring a wood burning fireplace, spacious bedrooms, breakfast area off kitchen. Nice deep lot on a quiet street, walking distance to Coral Gables country club golf course.

coral gables

1245 Ortega Ave.

  • 3 Bedrooms 2 Bath
  • 1,712 Sq. Ft.
  • Listing Price $585,000

This well cared for North Gables charmer is a must see! If you are looking for an open floor plan that is move-in ready, look no further. Among some of this home's features are: hard wood floors throughout, great millwork, recessed lighting, an oversized garage, large closets, on suite master bath with double shower heads, hurricane shutters, new roof, and new AC. Property is located on a beautiful and quiet street on a corner lot. Walking distance to the best North Gables has to offer.

 

coral gables

829 Medina Ave.

  • 3 Bedrooms 2 Bath
  • 1,724 Sq. Ft.
  • Listing Price $499,000

Beautiful Mediterranean with a Den house in a cul-de-sac street located in North Gables. Impeccable wood floors, stainless steel appliances, crown molding, wood cabinets, granite counter tops and more. Space for swimming pool. Ready to move in. New windows and doors installed in 2007. A/C is in very good condition.

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.

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Josh, always enjoy viewing information on other locations.  Thanks for sharing with us.

Aug 22, 2013 07:37 AM