Archive for the 'Coral Gables Real Estate' Category
4415 Ingraham Highway In Coral Gables Sells
September 16th, 2011 Categories:Coral Gables Real Estate
I wanted to keep you informed about the house I wrote about at 4415 Ingraham Highway which went under contract in a matter of days back in July. It closed yesterday for a very good sales price of $1,475,000, or $316.00 per square foot. As I mentioned before, the home was well done with nice finishes. See previous posts about this house here: I know A Good House When I See One, Great New Listing On Ingraham Highway, Coral Gables. Listing agent was Carole Smith of EWM Realtors.
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.
Gated Communities In Coral Gables
September 15th, 2011 Categories:Coral Gables Gated Communities, Coral Gables Real Estate
Homes in gated communities certainly garner a higher value than homes in non-gated communities. The average home in a gated community in Coral Gables is listed for roughly $5,957,000 while the median home is running at about a $4,424,000 list price. Taking a look at the closed sales this year in the gated communities of Coral Gables, there have been approximately 36 homes sold selling at an average of $2,500,000 and a median of $2,000,000. You can see that the demand isn’t quite in line with the supply. By far, the $2,000,000 to $3,000,000 price point sees much more activity in the gated communities.
To view an up to date list of all homes for sale in the gated communities of Cocoplum, Gables Estates, Journey’s End, Snapper Creek Lakes, Hammock Oaks and Gables By The Sea 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.
Waterfront Land In Coral Gables
September 14th, 2011 Categories:Coral Gables Real Estate
The market for waterfront land has been sluggish over the past few years in Coral Gables. Although builders are snapping up dry vacant lots, the numbers don’t often make sense on waterfront lots for investment purposes. Most of the time it takes an end user to buy a piece of waterfront land. That being said, there have been 3 waterfront lots sold this year in Coral Gables.
First, was 2.6 acres on a lake in the gated community of Snapper Creek Lakes. The lot sold for $4,300,000 or $37.00 per square foot. The second was 13,680 square foot lot on a canal, located on Riviera Drive. This lot was a short sale and sold for $875,000 or $63.00 per square foot. The third lot closed just last week on a canal in Cocoplum for $2,000,000 or $89.00 per square foot.
To view all waterfront lots currently for sale in Coral Gables, 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.
Lowest “Price Per Square Foot” Homes In Coral Gables
September 12th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Valuing a home according to “price per square foot” has become the new trend in the past few years. Below are some of the lowest “price per square foot” homes on the market right now in Coral Gables.
Price Range $2,000,000+ | 5101 Hammock Lake Drive | 9,366 Square Feet Of Living Space | 4 Bedrooms/4.5 Baths | List Price: $2,800,000 ($298.00 per square foot)
Price Range $1,000,000 – $2,000,000 | 803 Alhambra Circle | 5,854 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $1,399,000 ($238.00 per square foot)
Price Range $500,000 – $1,000,000 | 1015 Andalusia Avenue | 4,671 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $997,000 ($213.00 per square foot)
Price Range 0 – $500,000 | 816 Madrid Street | 1,716 Square Feet Of Living Space | 3 Bedroom/3 Bath| List Price: $269,000 ($156.00 per square foot)
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.
Who Dominates The Coral Gables Real Estate Market?
September 9th, 2011 Categories:Coral Gables Real Estate
As you know I am a numbers guy and I track and analyze the active, pending and closed sales in the Gables every day. But I also like to keep an eye on our competition’s numbers. After running a quick search on the MLS, I am proud to say that EWM continues to dominate the single family market in Coral Gables.
On the luxury home front, EWM recently announced that we sold 90 homes & condos priced over $1,000,000 in 90 days in Miami-Dade County. This figure far surpasses the competition’s numbers during the same time period. With EWM’s global network of 32,000 real estate professionals and our affiliations with Mayfair International Realty, Christie’s International Real Estate as well as Luxury Portfolio International, there is no doubt that listing your Coral Gables home with EWM is a wise choice.
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.
Big Price Reduction On Hammock Lake Drive, Coral Gables
September 8th, 2011 Categories:Coral Gables Real Estate
The house located at 5101 Hammock Lake Drive (a future gated community) was taken off the MLS back in March of 2011 at a list price of $3,500,000. It has just come back on the market listed for $2,800,000 which is a $700,000 reduction. The home has a beautiful lake view and was completely re-built in 1999. Listed by EWM. More information 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.
What Lies Ahead For Real Estate In Coral Gables?
September 6th, 2011 Categories:Coral Gables Real Estate
What a year it has been for the real estate market in Coral Gables. As the 3rd quarter comes to an end we have seen values in Coral Gables remain extremely stable and we have experienced an increase in the number of sales. The luxury market in Coral Gables has taken off with 94 homes sold over $1,000,000 so far in 2011, compared to just 74 at the same time last year. There have been 240 closed sales priced under $1,000,000 this year compared to 215 at the same time last year.
Take a look at the below charts that I created showing the distribution of homes sold in Coral Gables this year compared to 2009 and 2010. Click on each graph to view in better detail.
With a strong start to 2011, I believe that we will end the year with a historical number of properties sold in Coral Gables. Buyers are certainly getting off the fence and want to take advantage of the opportunities out there.
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.
How Long Does It Take To Sell A Home In Coral Gables?
September 1st, 2011 Categories:Coral Gables Real Estate
The distribution above shows the average “days on the market” for homes sold this year in Coral Gables. As you can see, most homes either sell very quickly (the ones that are priced right), or languish on the market for more than 120 days (the ones that are over-priced). It is a simple equation to getting your Coral Gables home sold, hire a good agent and price it right.
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.
Something’s In The Water In Sunrise, Coral Gables!
August 26th, 2011 Categories:Coral Gables Real Estate
The above area in the Sunrise subdivision of Coral Gables is a very small neighborhood consisting mostly of canalfront and waterfront properties. Over the past month there have been 5 homes to go under contract here which is a lot of activity in just a few block radius. Take a look at the listing prices of these homes, they are all over $1,000,000. This is just another indication that the high end market is strong right now in Coral Gables. Below is a list of the recent pending sales in Sunrise, Coral Gables:
- 6949 Sunrise Drive | 5 Bedrooms, 7 Baths | List Price: $3,995,000
- 6950 Sunrise Drive | 5 Bedrooms, 5.5 Baths | List Price: $3,900,000
- 6970 Sunrise Drive | 5 Bedrooms, 4 Baths | List Price: $2,700,000
- 6819 Sunrise Place | 6 Bedrooms, 5 Baths | List Price: $2,299,000
- 165 East Sunrise Avenue | 6 Bedrooms, 4 Baths | List Price: $1,250,000
Also, a new listing came on the market today in Sunrise, located at 6920 Sunrise Drive listed for $2,995,000. View more photos of that listing 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.
$10,500,000 Home Goes Under Contract In Old Cutler Bay
August 25th, 2011 Categories:Coral Gables Real Estate, Coral Gables Waterfront Homes
This custom built waterfront home in Old Cutler Bay went under contract recently. The list price on the home is $10,500,000 and it offered 6 bedrooms, 7 baths with 10,308 square feet of living space on a 28,725 square foot lot with no bridges to the Bay. If the sellers get close to asking price on this home, it will be the highest priced home to sell in Coral Gables this year. To view all homes for sale in Old Cutler Bay 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.
