Homes For Sale Near The University of Miami Campus

May 16th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Real Estate, Selling Real Estate In Coral Gables

Whenever I work with the faculty and staff of The University of Miami, they always ask me to start their home search within a small radius around the campus.  I don’t blame them, there is something to be said for a 1 minute commute to work in the morning!

There are currently 15 homes for sale in the neighborhood that surrounds The University of Miami.  Prices range from $474,500 and go all the way up to $2,250,000.    To scroll through the homes for sale near The University of Miami, click here.

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

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Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Absorption Rate In Coral Gables: Closed vs. Pending Sales

May 14th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Real Estate, Selling Real Estate In Coral Gables

Absorption rate is the rate at which homes are selling in a particular area.  A balanced market’s absorption rate is typically between 5 – 7 months.  The current absorption rate of closed sales in Coral Gables is 4.6 months.  This means that if market conditions do not change and if no new listings come on the market it will take 4.6 months for the current inventory to sell at the current pace of the market.    

The chart above shows the absorption rate in Coral Gables when you calculate it based on pending sales.  You can see that it goes all the way down to 3.4 months, the lowest we have seen in over 5 years.   This means that the number of active listings is falling while the number of pending sales is rising.   We are going deeper and deeper into a seller’s market.

Real estate in Coral Gables is changing rapidly.  If you would like to work with realtors who know the market and track the numbers please contact us at 305-342-1623 or send us a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

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Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

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Sold Above List Price – 1100 Alhambra Circle In Coral Gables

May 13th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Real Estate

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The home located at 1100 Alhambra Circle listed by Slesnick and Jochem was on the market just 1 day before going under contract.  The home was listed for $696,000 and sold for $769,000.  Although it needed updating, the home offered 4,000 square feet of living space on a 10,275 square foot lot.   With so little on the market, buyers right now recognize a good opportunity when they see one.  This home has potential to be a $1,000,000 home after renovations.

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Demand Dwindles For Luxury Condos In Coral Gables

May 9th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Condos, Coral Gables Real Estate, The Gables Club

Gables Club, Coconut Grove

As I reported earlier this year, the luxury condo market in Coral Gables is struggling.  Although there is plenty of inventory in this segment of the market, there has only been 1 closed condo sale over $1,000,000 in 2013.  

With all of the high-end condos that have gone up on Brickell (and the rest of  Miami), it makes you wonder whether buyers are being lured away from Coral Gables to the newer buildings that have all the bells and whistles.  

What’s the difference between the two markets?  A $1,500,000 unit in The Gables Club (Coral Gables’ premiere luxury condo building) buys you 3 bedrooms, 3 baths with 2,950 square feet of living space and water views.  Whereas a $1,500,000 condo in The Jade or Icon Brickell buys you just 1,900 square feet of living space with water views.  

Although Gables condos offer larger square footage for the price, the newer condos on Brickell tend to offer more amenities that some buyers may be drawn to.

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Bring Your Boat! No Bridges To The Bay For $1,850,000

May 6th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Gated Communities, Coral Gables Real Estate, Gables By The Sea

It is not easy to find a waterfront home with no bridges to the Bay for under $2,000,000 in Coral Gables.  That is why I believe 13035 Nevada Street in Gables By The Sea will sell fast!   Listed at $1,850,000 the home is located on a canal with no bridges to the bay and also  offers impact windows & doors, hardwood floors, fireplace, updated kitchen, Florida room, boat lift, davits, large family room, pool and a canopied upstairs balcony. 

Property is listed by Coldwell Banker.

Details of 13035 Nevada Street, Coral Gables:

If you are interested in buying or selling waterfront homes in Coral Gables, we would love the opportunity to work with you.   Property values are changing on a daily basis and it is essential to work with local Realtors who know the numbers and track the market.  Please contact The Riley Smith Group at 305-342-1623 or send us a message here  for all of your Coral Gables real estate needs.

Coral Gables Owners Deciding To Sell Vs. Rent

May 3rd, 2013 Written By


Categorized under Coral Gables Real Estate

Several homes that hit the market this week in Coral Gables were previously being rented but have now come on the market for sale.  With values on the rise many owners are finally taking advantage of their new-found equity!

Take a look at these properties which are now on the market for sale:

Previously Rented For $15,000 | Now On The Market For $6,100,000 | Listed By Avatar

Previously Rented For $5,000 | Now On The Market for $950,000 | Listed By EWM

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

 

The Riley Smith Group Sells 21 Homes In 16 Weeks!

April 30th, 2013 Written By


Categorized under Coral Gables Real Estate

The market is on fire and our office has been busy, we sold 21 homes during the first 16 weeks of 2013!  We have a proven track record in Coral Gables.   If you are interested in working with Realtors who specialize in the Coral Gables real estate market, please don’t hesitate to contact us.  We can be reached directly at 305-342-1623 or by sending us a message here. 

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Home For Sale On Biltmore Golf Course

April 29th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables "Golf Course Front" Homes For Sale, Coral Gables Real Estate

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Believe it or not a view of the golf course in Coral Gables can cost as much or more than a waterfront view.  That tells you how seriously we take our golf around here.  Check out this property located on The Biltmore Golf Course and listed for $3,250,000.  The home was built in 1925 but has been fully renovated and decorated by Miami designer Ivette Arango.  It offers 7 bedrooms, 7 baths with 9,057 square feet of living space on a 25,000 square foot lot.  Listed by One Sothebys. 

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If you are looking for a golf course front home in Coral Gables please contact us at 305-342-1623 or send us a message here.  Prices currently range from $949,000 to $3,275,000 and we would happy to give you a tour of the available properties.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Distribution Of Coral Gables Homes For Sale

April 24th, 2013 Written By


Categorized under Buying Real Estate In Coral Gables, Coral Gables Real Estate, Selling Real Estate In Coral Gables

Check out the below chart which shows the price distribution of homes for sale in Coral Gables.  As you can see, inventory is the highest for homes priced between $500,000 and $1,000,000 as well as those priced over $2,000,000.   However, if you are looking for a home under $500,000 it is more likely that you will be competing against other buyers due to the lack of properties for sale in this segment.

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

RECEIVE OUR BLOG POSTS DIRECTLY TO YOUR INBOX!

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com

Under Contract In 2 Weeks! 137 Morningside Drive

April 23rd, 2013 Written By


Categorized under Coral Gables Real Estate, Selling Real Estate In Coral Gables

The property that I just listed at 137 Morningside Drive in Coral Gables has gone under contract in just 2 weeks.  The market is very active right now for homes in the $1,000,000 to $2,000,000 price range.   This property offered 3,051 square feet of living space with 5 bedrooms, 4 baths on a 10,500 square foot lot.  Asking price was $1,060,000.

We know how to price and market homes properly to sell them in the quickest amount of time for the highest price possible.  Contact us today for a no pressure valuation of your Coral Gables home. 

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