I was doing an analysis of Coral Gables waterfront homes for a client of mine and created these charts to show him where the market has been over the past few years.
As you can see, prices are up significantly this year and have made a nice recovery from the drop we experienced in 2013. Right now Coral Gables waterfront homes are selling over $600.00/square foot. These are some of the highest average figures we have seen in the history of Coral Gables real estate. Keep in mind that prices can vary drastically depending on the type of waterfront home you are looking for. Homes that have direct bay views, for example, are selling over $800.00/square foot while those with limited ocean access can come in as low as $400.00/square foot.
The market is changing rapidly and it is more important than ever to use a knowledgeable, experienced Realtor. If you are interested in setting up a buyer or seller meeting with us, please contact me directly at 305-342-1623 or send us a message here.