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Comprehensive Review Of Coral Gables Real Estate In 2014

January 7th, 2015 Written By

Coral Gables Real Estate Vault

As a whole, the Coral Gables real estate market fared extremely well in 2014.  In my opinion, there are three things that defined the year; these would be: #1: Low Inventory, #2: Bidding Wars, #3: High Prices.  I have created the below charts which show how the Coral Gables real estate market has changed between 2011 and 2014.  The numbers depicted show the market as a whole and are also broken down into waterfront vs. non-waterfront sales. The first group of charts...Continue Reading!

Home In Cocoplum Sells For Full Price | 125 Gavilan Avenue

December 30th, 2014 Written By

Coral Gables Real Estate Vault

We have seen values in Cocoplum rise significantly in 2014.  The average "sale price per square foot" climbed from $489.00 in 2013 up to $537.00 in 2014. Although we saw approximately the same number of sales, the total volume sold increased by nearly $10,000,000. Last week the property located at 125 Gavillan Avenue in Cocoplum closed for full price of $2,800,000.  This house offered 5,000 square feet of living space with 5 bedrooms, 4.5 baths on a 15,500 square foot lot....Continue Reading!

Another Home Sold In Coral Gables By The Riley Smith Group!

December 15th, 2014 Written By

Coral Gables Real Estate Vault

Just in time for the holidays! Congratulations to our buyers who just purchased the property located at 825 Sunset Drive in Coral Gables.   The home is in pristine condition and situated on a rare double lot.  It has been recently updated with a new roof, impact glass and new kitchen and bathrooms.  We wish them happiness and joy as they bring in the new year in their new home! We would also like to congratulate Bea Citron, one of our...Continue Reading!

Highest Non-Waterfront “Sale Price/Square Foot” In Coral Gables?

December 11th, 2014 Written By

Coral Gables Real Estate Vault

It would be no surprise that the highest "sale price/square foot" in Coral Gables went for a waterfront residence in a gated community.  However, I thought it would be more interesting today to show you just how high buyers would go for a dry property.  So far this year, the highest "sale price/square foot" for a non-waterfront home is 541 Hardee Road located in the historic French Village.  This home sold for $620.00/square foot.  Surprisingly, this property also received a...Continue Reading!

Cocoplum Sees Another Year Of Increasing Values

December 9th, 2014 Written By

Coral Gables Real Estate Vault

Cocoplum has seen another year of increasing values with the average "Sale Price/Square Foot" coming in at $542.00 this year.  The number of total sales has remained relatively stable (22 in 2014, 26 in 2013 and 21 in 2012) showing that buyers are not turned away by the higher prices in Cocoplum.  Sometimes when you see such a drastic increase in price over a short period of time buyers become hesitant to jump into the market.  However, that has not...Continue Reading!

Another Coral Gables Home SOLD By The Riley Smith Group!

December 2nd, 2014 Written By

Coral Gables Real Estate Vault

Congratulations to our clients who just sold their home located at 806 Messina Avenue in Coral Gables.  They purchased this lovely North Gables home in October of 2013 for $530,000, and closed  yesterday for a sale price of $575,000.  That is a nice profit in just 1 year! This property offered 3 bedrooms, 2 baths with 1,623 square feet of living space on a 5,000 square foot lot.  It had light filled living spaces with new hardwood floors, an updated...Continue Reading!

Two Homes On Granada Golf Course Sold This Week

December 1st, 2014 Written By

Coral Gables Real Estate Vault

Inventory is limited if you are looking for a home in Coral Gables with golf course views.  In fact, there are currently only 13 homes in Coral Gables with views of a golf course on the market (out of 213 total for sale).   Prices for these homes range from $1,149,000 for a 3 bedroom, 3 bath home on the Riviera Golf Course and go up to $12,500,000 for an 8 bedroom, 6 bathroom home on the Biltmore Golf Course. This...Continue Reading!

Surprised Sellers Learn The Value Of Their Home In A Changing Market

November 17th, 2014 Written By

Coral Gables Real Estate Vault

Now that the real estate market has come back in full force, many sellers are unsure about the current value of their home.  There are certain segments of the market which have increased more than others and only after an in depth analysis will you know the true value of your home.  I met with some potential sellers on Sunday morning to discuss their home's market value and delivered the good news that their house was worth nearly $100,000 more...Continue Reading!

After 4 Years On The Market 6801 Pullen Avenue Sells For $6,025,000

November 13th, 2014 Written By

Coral Gables Real Estate Vault

The home located at 6801 Pullen Avenue in Coral Gables just sold for $6,025,000. This property originally hit the market back in 2010 for a list price of $6,500,000.  The home offered 5,157 square feet of living area with 4 bedrooms, 4 baths on a 31,304 square foot lot.  It was marketed as a renovation project and/or land value.  Over the years they raised the price to $7,500,000 then lowered it back down to $7,100,000, $6,999,000 and finally $6,495,000.  This was...Continue Reading!

Gables Estates Activity Is SLOW In 2014

November 10th, 2014 Written By

Coral Gables Real Estate Vault

Activity is so slow in Gables Estates this year that you could hear a pin drop.  With just 3 homes sold since January 1st, the market is pretty much at a standstill in this prestigious gated community.  The reason? A lack of inventory is the main contributor but we have also seen a slowdown in the number of ultra-luxury sales.  In fact, there has not been a home sold over $5,000,000 in Coral Gables during the last 90 days.  This...Continue Reading!

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