Coral Gables Market Snapshot - March 2016


The Coral Gables Non-Waterfront property category is massive and the activity snapshot in the past 6 month reflects that.  There have been 203 transactions and the average sold price was $1,102,485 with an average price per square ft at $391. The previous 6 months before that, we saw 279 transactions with an average sold price of $1,019,750 and average price per square ft at $381. The momentum is consistent and the average price per square foot is on the rise. See all the data for this historic market here and reach out to learn more about the diverse nature of the local inventory. I have significant experience representing record breaking sales for my clients looking for classic Old Florida homes or more contemporary estates. Value is strong in this community which offers Mediterranean Revival Architecture, picturesque canopy and lush landscaping, a thriving commercial center, and easy access to Downtown Miami.


Currently, there are 387 luxury homes on the market over $1 Million. 144 were recently added in the last 30 days marking a 121.54% growth from the previous 30 days. Currently the average list price of non-waterfront homes in the Gables is $1,317,000. As I continue to rack up award winning sales as a ONE Sotheby’s top producer, I look forward to generating more strong activity for clients looking to build their homebase. To view top homes for sale in coveted Coral Gables, check the exclusive listing page of the Jill Penman Group website and reach out for a private appointment.


Work with an experienced and trusted Coral Gables market specialist as you explore real estate opportunities in Miami's most sought after communities. Call today for a buyer or seller consultation with the Jill Penman Group at 305.807.9199.  My expertise in local real estate and the global luxury market delivers extraordinary service that has firmly established my brand as an international luxury real estate leader for the past 13+ years. Read more about how I tirelessly chase the results that matter most to our clients and reach out to experience this for yourself.

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