Archive for the 'Buying Real Estate In Coral Gables' Category
Homes For Sale In Sunrise Harbour, Coral Gables
April 15th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
The Sunrise Harbor/Sunrise Point neighborhood is a very popular area for buyers in Coral Gables. It has a very family friendly vibe, is located just steps from Biscayne Bay and is only 5 to 10 minutes from downtown Gables and Grove. Right in the middle of this great community lies Sunrise Park which happens to be one of my favorite places to take my 4 year old daughter.
There are several homes on the market right now in Sunrise Harbour. Waterfront homes start at $2,200,000 and non-waterfront start at $749,000. To view all homes for sale in the Sunrise Harbour area of Coral Gables, please click here.
If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
How Did Coral Gables Fare In The First Quarter Of 2011?
April 11th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
There were 89 sales in Coral Gables during the first quarter of 2011 with an average sales price of $849,165 and an average price per square foot of $250.00. During the first quarter of 2010, there were roughly the same number of sales however price point and values were much higher with an average sale price of $1,038,000 and an average price per square foot of $275.00.
It is good to see that activity remains high in the market however it is somewhat disconcerting that values have dropped by $25.00 per foot. When you take a deeper look into the closed sales that are bringing that figure down, it is not surprisingly the short sales and foreclosures (accounting for 30 of the 89 closed sales). Short sales are closing at an average of $229.00 per foot, and foreclosures at $171.00 per foot. I would say that this drop in value has more of an impact on the homes priced $500,000 and below than anywhere else. Other segments of the market have remained steady such as the $1,000,000 to $2,000,000 price point which continues to run about $330.00 per square foot.
It is especially important right now to use a LOCAL realtor who tracks the market, knows the numbers and can help you make a better decision. If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Foreclosures In Coral Gables
March 24th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Remember a few years ago when every buyer wanted to buy a foreclosure? Nowadays it seems that the desire to buy a foreclosure has diminished and most buyers just want to enter into a regular transaction as opposed to one where they have to bid against other buyers and do significant repair work to the neglected home.
In any case, foreclosures are still out there and right now in Coral Gables there are 7 (single family homes) on the market. The foreclosures range in price from $315,000 all the way up to $1,499,000. Click here to scroll through the current foreclosures in Coral Gables. The home located at 1524 Algardi is probably the best deal, listed for $415,800 (or $189.00 per square foot), the home features 4 bedrooms/3 baths with 2,196 square feet of living space on a 8,250 square foot lot. It is in a good location very close to the Biltmore Golf Course and Riviera Country Club. The house has been on the market since November, but a price reduction was made in early March.
If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Coral Gables Home For Sale In Sunset Elementary School District!
February 23rd, 2011 Categories:Buying Real Estate In Coral Gables
I just listed this South Coral Gables home located at 6868 Corsica Street. Just a block away from the highly sought after Sunset Elementary School this Bermuda Colonial Style home offers 3 bedrooms and 3 baths with 3,200 square fet of living space. It also features a formal living and dining room that open onto a private outdoor terrace, fireplace, custom built-ins, parquet wood floors and crown moldings. There is a spacious upstairs loft area designed by local architect Barry Sugerman with cathedral style open beamed ceilings as well as a full bedroom and bath that could be converted to a master suite. The house is being offered at $775,000. For more photos of the home, click here.
If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Cash Deals In Coral Gables
February 22nd, 2011 Categories:Buying Real Estate In Coral Gables
Approximately 16 of the 36 single family homes sold in Coral Gables in 2011 have been cash deals. A cash contract doesn’t necessarily mean that the buyer will not get financing it simply means that the contract is not CONTINGENTon getting financing or an appriasal. A seller will sometimes take a lower price if the offer is made in all cash because he/she knows that they are dealing with a serious buyer who can close quickly after inspections.
Thanks to the lending crisis and appraisal issues, the number of cash transactions has drastically increased over the last few years. EWM recently reported that 52% of their transactions in 2010 were cash deals.
If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Incredible New Listing On North Greenway, Coral Gables
February 4th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Yesterday I stopped in to see my colleague Mercedes Saewitz’s new listing at 2000 North Greenway Drive in Coral Gables. This is a very special new construction home designed by Coral Gables architect Mike Sardinas. The home offers 6,436 square feet of living area on a 17,469 square foot (corner) lot with 6 bedrooms and 6 baths. There are many special features including antique marble and distressed oak floors, double fireplace, impact windows and a state of the art gourmet kitchen. The home is priced at $3,595,000. To view more photos of this home click here. To view other Coral Gables homes that are for sale in this price range and area, click here.
To view other recent Coral Gables homes that have sold in this price range and area, click here.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Homes For Sale Near The University Of Miami
January 26th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
If you are a professor or student at the University of Miami and are interested in buying a home near campus you have many options. Right now, prices start at $349,000 and go all the way up to $1,999,999. These homes range from new construction to the more modest style ranch homes. Click here to view photos and information of what is available.
If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Looking For A Coral Gables Home With A Guest House?
November 4th, 2010 Categories:Buying Real Estate In Coral Gables
Many people need a home in Coral Gables with a detached guest house whether it is to be used as an office, gym, in-law quarters, maid’s quarters, sports room, library or dog room. Guest houses in Coral Gables come in many different shapes and sizes. Some are small 1 bedrooms while others are just as large as the main house and feature kitchens, bath suites and walk in closets. The above picture features the covered walkway leading to the guest house of the home located at 5450 Banyan Terrace (listed for $4,300,000).
To view other homes for sale in Coral Gables with guest houses, click here.
If you are interested in buying, selling, building or renting and are looking for a real estate agent in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
What Is The Coral Gables Lifestyle?
October 25th, 2010 Categories:Buying Real Estate In Coral Gables
These days buyers are buying into the lifestyle of a particular community, they are no longer buying just a “home”.
If you live in Coral Gables you know that it has a different identity than other communities just 5 minutes away. Here is what comes to my mind when I think of the lifestyle of Coral Gables:
- Strolling the shops and cafes of Miracle Mile
- Afternoons at Matheson Hammock Park
- Waterfront dining at The Red Fish Grille
- Festivals at Fairchild Tropical Gardens
- Saturday morning story time at Books & Books
- Summer days at The Venetian Pool
- Tasting local foods at the farmers market in front of City Hall (January through March)
- Golfing at The Biltmore and Riviera Golf Course
- Santa Claus and lighting ceremony at Coral Gables City Hall
- Shopping at Merrick Park
- Biking down Old Cutler Road
- “Halloween on The Mile”
- Touring the Gables Waterways by boat
Have more that I missed? Help out-of-towners and people relocating to Coral Gables know what it is like to live in this incredible City. Leave a comment below!
As you know, I sell real estate. If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
To subscribe to the Coral Gables Real Estate Vault, just enter in your email address here. A followup email will be sent and you will be required to “activate” the subscription.
Old Foreclosure Hits The Market On Santa Maria Street..AGAIN
October 18th, 2010 Categories:Buying Real Estate In Coral Gables
You may remember my post earlier this year about the foreclosure on Santa Maria Street. It sold for $605,000 (in June) but has come back on the market today as a non-distressed sale for $695,000. From the pictures it doesn’t appear that the owners have done any renovations. At this asking price it is likely that they are just trying to get out of their investment clean. Read my past posts on this house here: A Coral Gables Foreclosure Story, Foreclosure On Santa Maria.
This could be an opportunity to buy a non-foreclosure for a foreclosure price.
Details of 4114 Santa Maria include:
- 4 Bedrooms, 3 Baths
- 3,178 Square Feet
- 11,743 Square Foot Lot
- Broker is Anthony Askowitz of ReMax
- For more photos and information of this home, please click here.
If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
To subscribe to the Coral Gables Real Estate Vault, just enter in your email address here. A followup email will be sent and you will be required to “activate” the subscription.
