Distribution Of Coral Gables Homes For Sale
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.
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Under Contract In 2 Weeks! 137 Morningside Drive
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.
Home In French Village Sells For $1,350,000
1024 Cotorro Avenue which is located in the much sought after “French Village” of Coral Gables closed this week for a sales price of $1,350,000. It was beautiful property but only offered 2 bedrooms and 3 baths. The sellers found the perfect buyer who didn’t need the extra space and was willing to pay top dollar for a one-of-a-kind property.
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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What Can You Buy In Coral Gables For Under $500,000?
Of the 263 homes for sale in Coral Gables just 25 are listed under $500,000. Most of these homes offer 2-3 bedrooms with 1,000 to 2,000 square feet of living area. On average, homes in this price range are asking $283.00 per square foot, but if you are looking at updated, turnkey ready homes in this segment the price per square foot jumps up to $300.00+.
Homes listed uner $500,000 typically sell for an average of $220.00 per square foot in Coral Gables.
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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First Sale In Gables Estates For 2013, It’s A Big One!
The prestigious gated community of Gables Estates had a record year during 2012 with a total sales volume of $129,770,000 (comprised of just 13 home sales).
However 2013 was turning out to be a much slower year for Gables Estates with zero sales to report during the first quarter. Luckily 400 Arvida Parkway closed in early April giving them their first sale of the year. The property offered direct bay views with 13,668 square feet of living space on a 41,382 square foot lot and sold for $11,500,000. Listing agents were Toni Shrager and Saddy Delgado of Avatar.
There are currently 3 pending sales in the community which could add an additional $20,000,000 to Gables Estates’ total volume for 2013. I will keep you posted with any new sales!
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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Just Listed In Coral Gables By The Riley Smith Group!
Today I would like to announce my newest Coral Gables listing located at 137 Morningside Drive. This home offers special features such as wood floors, crown moldings, a renovated chefs kitchen with wood, granite and top of the line stainless appliances. The expansive and private master suite includes a sitting area and oversized closets. The living area opens onto a covered terrace with an outdoor kitchen and pool, perfect for entertaining. It is perfectly located just minutes from downtown Coral Gables, South Miami and Coconut Grove.
Details of 137 Morningside Drive:
- 3,051 Square Feet Of Living Space
- 10,500 Square Foot Lot
- 5 Bedrooms, 4 Baths
- 2 Car Garage
- Pool
- List Price: $1,060,000
If you would like to schedule a showing of this home, please contact me at 305-960-5318 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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South Florida Single Family Home Sales Up 10% In First Quarter!
Click on the video below to hear more great statistics from the President of EWM about the South Florida real estate market…
1418 Cordova Street Sells For $311.00 PSF
Buyers are willing to pay a premium for turn-key ready homes in Coral Gables. This week 1418 Cordova Street closed for $470,000 or $311.00 per square foot. This 2 bedroom, 2 bath home had been beautifully renovated and sold well-above similar sized homes in Coral Gables which typically trade around $250.00 per square foot.
The home was purchased in 2006 for $620,000.
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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Foreclosure Finally Sells In Gables By The Sea
I have been tracking this foreclosure property in Gables By The Sea for several months. It hit the market back in June of 2012 at a list price of $1,100,000. Since then, it was placed under contract several times and had a list price increase to $1,216,300. The home finally sold this week for a sales price of $1,000,000.
The home needed a major renovation and completion but offered 5 bedrooms, 6 baths with 4,795 square feet of living space on a 12,000 square foot waterfront lot.
This is the 7th foreclosure sold in Coral Gables so far in 2013, see below for details on these properties:
- 1440 Agua Avenue | Sale Price: $765,000
- 912 Valencia Avenue | Sale Price: $730,000
- 440 Sansovino Avenue | Sale Price: $750,000
- 14540 Snapper Drive | Sale Price: $407,000
- 439 Majorca Avenue | Sale Price: $315,000
- 635 Bird Road | Sale Price: $325,000
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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The Gables Club And The Luxury Condo Market In Coral Gables
The Gables Club had a very strong year during 2012 with an average selling price per square foot of $443.00 and 12 total sales. However we are almost finished wtih the first quarter of 2013 and there are no pending sales in the building and there have been no closed sales. In fact, the luxury condo market as a whole is struggling in Coral Gables. There have been 55 condo sales and the highest sale price is $705,000.
It will be interesting to see if this is just a temporary trend or if this segment of the market remains stagnant throughout the rest of the year. Whatever the outcome, I will keep you posted here on The Coral Gables Real Estate Vault.
If you are interested in buying or selling a historic home in Coral Gables, please feel free to call me directly 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