Coral Gables Real Estate Category
Homes have taken longer to sell in 2016 than in recent years. You can see from the chart above that the average "days on the market" during 2016 has inched up to 134 days, which is 32 days more than we experienced during 2015. The new trend can be attributed to the fact that we have had a slowdown in sales this year (down by 7% compared to the same time period last year). A good amount of inventory coupled...Continue Reading!
We have just listed a great home in one of the best Coral Gables locations, 54 Prospect Drive. It is a very quiet neighborhood, with great parks and walking paths nearby. I often take bike rides with my kids through the streets around here because there are very few cars and there is a nice tree canopy overhead. It is also just minutes to downtown South Miami and Coconut Grove. The area is in very high demand and homes don't...Continue Reading!
George Merrick was the founder of the City Of Coral Gables back in the early 1900's. His original architectural plan for Coral Gables included Spanish and then Mediterranean style homes. However he later expanded his vision to include 7 "villages" scattered all over the city which would lure northerners with their unique architectural style. The 7 villages include: The French Normandy Village, The Chinese Village, The Pioneer Village, The Italian Village, French City Village, French Country Village and lastly the...Continue Reading!
Although values in certain segments of the Coral Gables real estate market have flattened, we continue to see an increase in prices for homes sold in the gated community of Snapper Creek Lakes. Snapper Creek Lakes is a highly sought after gated community located west of Old Cutler Road. Homes here are very large and situated on over-size lots. Values have increased by 72% since 2012 which is great news for residents of Snapper Creek Lakes! List prices in Snapper Creek...Continue Reading!
Although we are experiencing a slowdown in certain segments of the Coral Gables real estate market, the overall figures remain fairly steady compared to the same time period last year. Check out the charts below which show a comparison between 2015 and 2016. There is one segment that has certainly seen a slowdown in the number of sales this year. That is the $2,000,000 - $3,000,000 price point. You can see from the chart below that sales have slowed by nearly...Continue Reading!
We have just repriced our listing at 1019 Venetia Avenue in Coral Gables. This lovely 4 bedroom, 3 bath home with 2,563 square feet of living space on a 5,563 square foot lot is now listed at $799,999. The home has recently been renovated with a new roof, new porcelain tile floors and all new bathrooms. It also features a formal living and dining room, as well as a very large master suite. The kitchen has custom wood cabinets with...Continue Reading!
Congratulations to our sellers of 1503 SW 43rd Avenue who just closed on their house in the Little Gables. As soon as we put this listing on the MLS the phone was ringing off the hook with potential buyers and we had a multiple offer situation just a few days later. The home closed last week for $690,000, which was $15,000 over asking price. What factors made this such a sought-after listing? First of all, it was priced perfectly at $675,000...Continue Reading!
If you love the water and are looking for a home with plenty of dock space, then you will love our listing in the gated community of Kings Bay Estates. "Paradiso" is an elegant Bermuda style Villa with grand interior spaces which are flooded with natural light. The home overlooks the Deering Bay Marina and a stunning deep water lagoon with direct bay and ocean access. A private 100' sea wall accommodates four 60' boats. A few of the features include...Continue Reading!
Back in May of 2015, auto-tycoon Alan Potamkin's spectacular Gables Estates residence at 1 Casuarina Concourse hit the market. Listed by The Jills of Coldwell Banker, the home featured 20,862 square feet of living space, 9 bedrooms, 10.5 baths, pool, gym, tennis court, 1,500 wine cellar, a professional chef's kitchen and 937' of water frontage. After nearly 1 year on the market, Potamkin has now divided the 3.6 acre lot that his current home is situated on and reduced the price...Continue Reading!
There are only 5 homes currently for sale in the sought after neighborhood of The Platinum Triangle. Homes in this area tend to get snapped up quickly due their proximity to the neighboring communities of South Miami and Coconut Grove. It is a very central location in Coral Gables which helps with the daily commute to work and schools. The active listings in The Platinum Triangle range in price from $997,000 to $3,950,000. Sales in this area have ranged over the...Continue Reading!