Buying Real Estate In Coral Gables Category
This historically designed home was just listed on Obispo Avenue and I can assure you that it will sell right away. The home is not only priced under $600,000 which is the most active segment of the Coral Gables market right now, but it exudes charm and is located on one of the best streets. If you're interested, you need to act fast! Check out the details below. Details of 837 Obispo Avenue: 1,942 Square Feet Of Living Area 7,500 Square Foot Lot 3 Bedrooms,...Continue Reading!
Activity is extremely high for our new listing in Coral Gables. Loctaed at 1160 South Alhambra Circle, this home is situated on a large 10,000 square foot lot and offers 2,140 square feet of living space with 3 bedrooms, 2 baths. It is ideally located within walking distance to the shops and restaraunts of South Miami and is within the Sunset Elementary school district. Although it needs updating, the home has huge potential and will sell fast. List price is...Continue Reading!
Buyers are drawn to the charm and history of Coral Gables, it is one reason that real estate here sells for a premium. Check out these photos of 1924 Ferdinand Street. Built in 1925 the home has been updated nicely without compromising the historical details. 1924 Ferdinand Street was recently sold by Laura Mullaney of Coldwell Banker for $799,000. Photos courtesy of the Southeast Florida MLS. If you are interested in working with a Realtor who specializes in the Coral Gables real...Continue Reading!
Whenever I work with the faculty and staff of The University of Miami, they always ask me to start their home search within a small radius around the campus. I don't blame them, there is something to be said for a 1 minute commute to work in the morning! There are currently 15 homes for sale in the neighborhood that surrounds The University of Miami. Prices range from $474,500 and go all the way up to $2,250,000. To scroll through the...Continue Reading!
Absorption rate is the rate at which homes are selling in a particular area. A balanced market’s absorption rate is typically between 5 – 7 months. The current absorption rate of closed sales in Coral Gables is 4.6 months. This means that if market conditions do not change and if no new listings come on the market it will take 4.6 months for the current inventory to sell at the current pace of the market. The chart above shows the absorption rate...Continue Reading!
The home located at 1100 Alhambra Circle listed by Slesnick and Jochem was on the market just 1 day before going under contract. The home was listed for $696,000 and sold for $769,000. Although it needed updating, the home offered 4,000 square feet of living space on a 10,275 square foot lot. With so little on the market, buyers right now recognize a good opportunity when they see one. This home has potential to be a $1,000,000 home after renovations. If...Continue Reading!
As I reported earlier this year, the luxury condo market in Coral Gables is struggling. Although there is plenty of inventory in this segment of the market, there has only been 1 closed condo sale over $1,000,000 in 2013. With all of the high-end condos that have gone up on Brickell (and the rest of Miami), it makes you wonder whether buyers are being lured away from Coral Gables to the newer buildings that have all the bells and whistles. What's the difference between the two...Continue Reading!
It is not easy to find a waterfront home with no bridges to the Bay for under $2,000,000 in Coral Gables. That is why I believe 13035 Nevada Street in Gables By The Sea will sell fast! Listed at $1,850,000 the home is located on a canal with no bridges to the bay and also offers impact windows & doors, hardwood floors, fireplace, updated kitchen, Florida room, boat lift, davits, large family room, pool and a canopied upstairs balcony. Property is listed by Coldwell Banker. Details of 13035 Nevada...Continue Reading!
Believe it or not a view of the golf course in Coral Gables can cost as much or more than a waterfront view. That tells you how seriously we take our golf around here. Check out this property located on The Biltmore Golf Course and listed for $3,250,000. The home was built in 1925 but has been fully renovated and decorated by Miami designer Ivette Arango. It offers 7 bedrooms, 7 baths with 9,057 square feet of living space on...Continue Reading!
Check out the below chart which shows the price distribution of homes for sale in Coral Gables. As you can see, inventory is the highest for homes priced between $500,000 and $1,000,000 as well as those priced over $2,000,000. However, if you are looking for a home under $500,000 it is more likely that you will be competing against other buyers due to the lack of properties for sale in this segment. If you are interested in working with a Realtor...Continue Reading!