Coral Gables Real Estate Category
Reports surfaced this week stating that Miami was now among the nation's Top 10 Luxury Home Markets. The cities with the most $1,000,000+ home sales earned a spot on the list. Coral Gables certainly contributed to these figures with over 177 $1,000,000+ properties sold in 2014. And we are on track to sell more $1,000,000+ homes in 2014 than any year in history (with 79 under contract). Rising values, low inventory and high demand are among the contributing factors to...Continue Reading!
This unique property located on a peninsula in the gated community of Gables By The Sea (780 Lugo Avenue) just closed for $2,650,000. It was being sold as a renovation project and offered 4,045 square feet of living area on a 11,500 square foot lot. It had 100' of direct bay views with a private dock and boat lift. Although the home needed significant updating, it still sold for $655/sq. ft. of living area which is one of the highest price...Continue Reading!
Despite the unbelievable turnaround in the Coral Gables real estate market over the past few years, we are still seeing some distressed properties come across the MLS. There have been a total of 17 short sales and 12 foreclosures sold in 2014 in Coral Gables. The average sale price of these homes has been $600,000 ($250.00/sq. ft.). There are 21 short sales and 4 foreclosures pending/under contract in Coral Gables and approximately 5 short sales and 5 foreclosures currently for sale. While...Continue Reading!
We just listed a great home with 3 bedrooms, 2 baths + office/den for under $600,000 in North Gables. This is a fantastic property that I know will sell fast. The home offers light filled living spaces with new hardwood floors, updated master bath, California closets and impact glass. French doors in the family room open to a charming Chicago brick terrace and lush tropical garden which is perfect for entertaining. Details of 806 Messina Avenue in Coral Gables: 3 Bedrooms, 2...Continue Reading!
731 Minorca Avenue listed by Jeannett Slesnick hit the market with a description that read: "Stunning, updated/expanded home close to CG Country Club and downtown Gables. Enter large foyer, then step into LR with carved stone fireplace & cathedral ceiling. Formal DR leads to the Fam Rm that opens to a covered back porch and lushly landscaped/lighted back yard. The new kitchen has breakfast area, plus dining counter. 3 large bdrms/2 baths. Master is huge with walk-in closet. Like a brand...Continue Reading!
The chart above shows the number of homes for sale in Coral Gables which are priced under $1,000,000. You can see that we are currently at the lowest inventory level in over 5 years. These figures are a result of rising home prices as well as increased activity in this price point. This segment of the market is by far the most active in Coral Gables right now as buyers quickly snap up entry-level homes. While this is great news...Continue Reading!
With home prices on the rise, developers are circling Coral Gables real estate looking for opportunities to build. The property at 6505 Castaneda Street sold for full price in just 2 days after hitting the market. The property offered 17,078 square feet of land in a prime location. Although there was a structure on the lot, the property sold for land value at $1,000,000 or $58.00/square foot. Listed by Dee Quintero of EWM Realty. Currently in Coral Gables the average sale...Continue Reading!
With so many real estate brokerage firms out there, it can be hard to find the best company who will give your home the most exposure and offer the best service. I am proud to announce that my firm, EWM Realty International, is the #1 top choice for buyers and sellers in Coral Gables. Check out the chart above which shows that we dominate the Coral Gables real estate market. How do we do it? We combine traditional marketing channels and...Continue Reading!
I wanted to give our blog reader's the first opportunity at a Coral Gables listing we have coming online after Labor Day. This great North Gables home has tons of curb appeal. The home offers 3 bedrooms, 2 bathrooms and brand new hardwood floors. Please call our luxury real estate specialist Liz Perdigon at 786-543-5777 if you would like more information. We are Coral Gables real estate specialists. If you are interested in buying or selling real estate in Coral Gables, we...Continue Reading!
If you have been on the fence about buying a home, then this figure will certainly light a fire under you. Per my calculations, the average home in Coral Gables has increased an astonishing $1,300 per day every day this year. If that doesn't make you want to get something under contract NOW, then I don't know what will. The market is showing no signs of slowing down and if you wait another 6 months the home you can afford...Continue Reading!