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. It was on the market for less than 30 days before going under contract. Listing broker was Avanti Way.
This full price sale is pretty unusual for Cocoplum. Out of the 24 homes which sold this year, only 1 other home closed over asking price. Homes in Cocoplum tend to sell 9% off of their list price whereas homes in the rest of Coral Gables sell at an average of 5% off of list price.
If you are interested in buying or selling real estate in Coral Gables, we would love the opportunity to work with you. We can be reached anytime at 305-342-1623 or by sending us a message here.
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