Cocoplum Market Review | How Did It Fare In 2013?

January 28th, 2014 Written By


Categorized under Cocoplum, Coral Gables Gated Communities, Coral Gables Real Estate, Coral Gables Waterfront Homes

Home In Cocoplum

Today I wanted to review Cocoplum’s real estate market activity during in 2013.  You may remember my recent post about the waterfront homes in Cocoplum.  I explained that the waterfront properties had not bounced back from the downturn in the market as much as the non-waterfront homes in Cocoplum.   However, when you take a look at the Cocoplum market as a whole, you will see that the community has made a solid recovery in 2013.

cocoplumrealestatestatistics

The average “sale price per square foot” is up to $500.00, and the average sale price rose to $2,980,780.  There was not an increase in the number of homes sold, but that is likely due to lower inventory levels.

Homes in gated communities such as Cocoplum significantly higher than other homes in non-gated communities.  The average “sale price per square foot” for all homes sold in Coral Gables during 2013 was $336.00, with an average sale price of $1,095,000.

We know the Coral Gables real estate market and track the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real Estate | Brickell Condo Blog Key Biscayne Real Estate

Coral Gables Foreclosure Property Sells Above List Price

January 23rd, 2014 Written By


Categorized under Coral Gables Real Estate

Coral Gabels Foreclosure Home

Foreclosure homes in Coral Gables are few and far between.  When they do hit the market, they typically sell for cash and over list price.  The home at 5230 Alhambra Circle is no exception; it was pending in less than 10 days.  The property offered 3,145 square feet of living space on a 11,025 square foot lot with 4 bedrooms, 2 baths.  It was listed for $797,000 and closed for $808,084.  As with many foreclosure homes, the buyers had to take a leap of faith as there was no property disclosure and the sellers would not allow the water to be activated for the inspection.

In 2013 there were 23 foreclosure properties sold in Coral Gables.  They had an average sale price of $442,892 or $192.00/square foot.  The highest priced foreclosure that sold was $1,000,000 for the property located at 1423 Bella Vista Avenue in Gables By The Sea.  The average “days on the market” for foreclosure homes was just 27 days.  The average “Sale Price/List Price” ratio was 101%.

We know the Coral Gables real estate market and track the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Charming Starter Home Under $500,000 Hits The Market In Coral Gables

January 22nd, 2014 Written By


Categorized under Coral Gables Real Estate

Coral Gables starter home

It is not easy to find a home that is charming and updated in Coral Gables for under $500,000.  That is one reason why the property at 328 Cadima Avenue will go fast.  This 3 bedroom, 2 bath home just came on the market for a list price of $475,000.  The owners recently purchased the home for $430,000 back in August of 2013 but have been relocated and now have to sell.  Broker is Coldwell Banker.

There are only 26 homes for sale in Coral Gables listed under $500,000 and most offer just 2 bedrooms.  Homes in this price range sell on average in 20 days, and within 96% of their list price.

Coral Gables Starter home 2

Coral Gables starter home 3

Details of 328 Cadima Avenue:

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
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The Golden Triangle Market Update

January 19th, 2014 Written By


Categorized under Coral Gables Real Estate, The Golden Triangle

Golden Triangle2 jpg

The “Golden Triangle” neighborhood of Coral Gables is situated just east of The Biltmore Golf Course.  Due to its’ ideal location, homes here tend to sell quickly and for a slightly higher price than comparable homes in other Coral Gables neighborhoods.

There are currently 5 homes for sale in The Golden Triangle.  They start at $750,000 and go up to $1,750,000.

Check out details of the homes for sale in The Golden Triangle:

  1. 3815 Toledo | 4 Bedrooms, 4 Baths | 3,990 Square Feet Of Living Area | 14,900 Square Foot Lot | Offered at $1,750,000 | Listed by Engel and Voelkers | View Photos And Information Of 3815 Toledo Here
  2. 3226 Riviera Drive | 4 Bedrooms, 3 Baths | 2,640 Square Feet Of Living Area | 15,000 Square Foot Lot | Offered at $950,000 | Listed by Essential Realty | View Photos and Information Of 3226 Riviera Here
  3. 735 Escobar Avenue | 4 Bedrooms, 3 Baths | 2,720 Square Feet Of Living Space | 10,425 Square Foot Lot | Offered at $784,000 | Listed by Kerdyk Real Estate | View Photos and Information of 735 Escobar Here
  4. 3419 Banos Court | 4 Bedrooms, 2 Baths | 2,028 Square Feet Of Living Space | 9,310 Square Foot Lot | Offered at $750,000 | Listed by Keller Williams | View Photos and Information Of 3419 Banos Here

Over the past 6 months there have been 7 homes sold in The Golden Triangle.  These closed at an average sale price of $953,929.  The median “days on the market” of these homes was just 20 days which is significantly below the figure in other parts of Coral Gables.

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Beautiful Old Spanish Home Hits The Market

January 16th, 2014 Written By


Categorized under Coral Gables Real Estate, Old Spanish Homes In Coral Gables

Old Spanish Home Granada Boulevard Coral Gables

When you think of Coral Gables, you think of Old Spanish architecture.  It is the most prominent style that you will find throughout the City of Coral Gables whether you are downtown or on a residential street.  It is also one of the most requested types of homes that buyers here are looking for.

Old Spanish Home Granada Boulevard Coral Gables 2

I want to share this beautiful Old Spanish home that just came on the market because it will go fast!  2315 Granada Boulevard has all of the charm and character of an Old Spanish home but the updates of a newer construction residence.   Situated on a 10,000 square foot lot, the home offers 4 bedrooms, 4 baths (3/3 plus a 1/1 maids quarters) with 1,953 square feet of living space.  Some of the special features include cathedral ceilings, family room which opens to a courtyard, room for a pool in the side yard, custom lighting and crown moldings.  There is also a 1 car garage.  The home is being offered for $785,000.

Old Spanish Home Granada Boulevard Coral Gables 3For more photos and information about 2315 Granada Boulevard, click here.  

Property is listed by Laura Mullaney of Coldwell Banker.

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

- See more at: http://coralgablesrealestatevault.com/#sthash.F83wTW6k.dpuf

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Relocating To Coral Gables? Let Us Give You A Tour!

January 14th, 2014 Written By


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

Coral Gables Map

Because of our large online presence, we are contacted by clients from all over the world who are looking to relocate to South Florida.  While the process may seem daunting at first, we are here to make the transition seamless and stress-free.

One thing we really love to do here at The Riley Smith Group is to show off our wonderful community.  We often give buyers who are not familiar with the area a tour of some of our favorite spots in Coral Gables.  This helps them get a feel for the City and narrow down the exact location of where they want their future home to be.

Our knowledge of the local community and market data can’t be beat.  If you are interested in talking to us about your relocation to Coral Gables, please feel free to give me a call at 305-342-1623 or send me a message here.

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Coral Gables Has Record Breaking Year In 2013!

January 8th, 2014 Written By


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

The 2013 Coral Gables real estate figures are in!  I waited a few days to let the last few closed sales trickle in but I am thrilled to report that Coral Gables had a record breaking year with 629 homes sold and an incredible $690,120,602 worth of volume.  Both of these figures exceed any other year on record in Coral Gables.  In fact, the number of homes sold in 2013 was twice the amount sold in 2007.

The breakdown of closed sales in Coral Gables is as follows:

Coral Gables Homes Sold

There is great news for Coral Gables residents, the average sale price per square foot increased from $303.00 in 2012 up to $337.00 in 2013.

Average Sale Price Per Square Foot

Some other interesting highlights from the closed sales in 2013:

  • The number of waterfront homes sold was down.
  • Although the overall number of homes sold in Coral Gables increased during 2013, the number of ultra-luxury homes (over $3,000,000) sold remained the same.
  • We saw the largest increase in value for homes that sold under $1,000,000.  This price range saw a rise in “sale price/sq. ft.” from $248.00 in 2012 to $286.00 in 2013.
  • We saw the second largest increase in value for homes priced between $1,000,000 to $2,000,000.  This segment increased from $331.00 in 2012 to $358.00 in 2013.

Sellers will take advantage of the rising prices and we can expect to see a large influx of homes hitting the market in 2014.  Stay tuned to the blog for the latest news on the Coral Gables real estate market!

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Miami Heat’s Juwan Howard Buys In Journey’s End

January 6th, 2014 Written By


Categorized under Coral Gables Gated Communities, Coral Gables Real Estate, Journey's End

Journeys End, Coral Gables

Former Miami Heat basketball player and current assistant Coach, Juwan Howard, recently purchased the property at 9440 Old Cutler Lane in the gated community of Journey’s End.  The home offers 5 bedrooms, 4.5 baths with 5,409 square feet of living space on a 1.7 acre lot.  The home was listed for $3,995,000 and sold for $3,400,000.  Property was listed by Shelton and Stewart.  Juwan Howard sold his Gables Estates home back in 2012 for $10,050,000.

Journey’s End is a very exclusive gated community in Coral Gables of just 25 homes.  It is known for having extremely grand homes on large lots.  There has been one other recent sale in Journey’s End; 9450 Journey’s End Road closed for $7,030,000.

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

SOLD In 10 Days By The Riley Smith Group!

January 3rd, 2014 Written By


Categorized under Coral Gables Real Estate

Congratulations to our seller who recently closed on his house located at 1930 County Club Prado in Coral Gables.  We listed the home in October and placed it under contract within 10 days.  The home sold for $1,125,000 which is $414.00 per square foot.  It offered 2,714 square feet of living space with 4 bedrooms, 2.5 baths.

Country Club Prado 6

Country Club Prado 11

If you are curious about the value of your Coral Gables home in today’s changing  market and would like to work with a realtor who specializes in Coral Gables real estate, please contact me at 305-342-1623 or send me a message here.

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

Highest Sale Price In 2013 For Gables Club

January 1st, 2014 Written By


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

Gables Club, Coral Gables

During the last few days of 2013, Unit 12-AC at The Gables Club sold for $4,750,000 ($633.00/sq. ft.) making it the highest sale price the building saw all year.  This particular unit was a combination of the A and C floor plans and recently completed a $2,000,000 renovation with Constantin Georges as the designer.  The unit offered 7,500 square feet of living space and 5 bedrooms, 6.5 baths.  The average “Sale Price/Sq. Ft.” for condos sold at The Gables Club during 2013 was $482.00.  Broker was The Carroll Group.

Gables Club 2, Coral Gables

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

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