The Gables Club – Only 3 Sales All Year
May 3rd, 2010 Categories:Coral Gables Real Estate
There have only been 3 sales in The Gables Club so far in 2010. Coral Gables has had 50 condos to sell all year and these are the 3 highest sales. When you take into consideration that the average selling price for condos in Coral Gables is $367,000 it helps explain why the the higher end buildings are not as active right now.
Here are the Gables Club 2010 Sales:
Unit 8A (3 Bed/4.5 BA) sold for $2,500,000, the owners were asking $3,495,000
Unit 10C (3 Bed/3.5 BA) sold for $1,100,000, the owners were asking $1,495,000
Unit 9C (3 Bed/3.5 BA) sold for $1,050,000, the owners were asking $1,250,000
To view condos currently for sale in The Gables Club, please click here.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced realtor, please don’t hesitate to contact me on my cell at 305.342.1623 or send me a note here.
New Construction Homes For Sale In Coral Gables
April 26th, 2010 Categories:Buying in Coral Gables
I was doing some research for a client who is looking for a new construction home in Coral Gables and thought I would post some of the numbers I computed.
There are roughly 30 new construction homes available for sale in Coral Gables. 17 of these are non-waterfront while the others are either canal or bay front properties. The average list price per square foot of new construction (non-waterfront) in the Gables is $464.00 while the average sale price per square foot of new construction (non-waterfront) in the Gables is $358.00. That is quite a difference and something to keep in mind when negotiating contracts on these homes. But don’t forget that these numbers are only averages and each property must be valued individually by your realtor.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced realtor, please don’t hesitate to contact me on my cell at 305.342.1623 or send me a note here.
Gardens On Valencia – New Price and Virtual Tour!
April 21st, 2010 Categories:Coral Gables Townhouses
The prices have been reduced at the Gardens on Valencia in Coral Gables. These new construction villas previously began at a sales price of $1,100,000 and have been reduced to $990,000 (for a 4 bedroom, 4 bath with 3,005 square feet). There will be 6 total units built and each comes with its own private elevator, custom cabinetry in kitchen and baths, hurricane impact glass, Wolf and Sub Zero stainless steel appliances, 2 car garage, generator and a separate guest house complete with its own kitchen and bath.
For more information on all 6 of the units for sale at Gardens on Valencia click here.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced realtor, please don’t hesitate to contact me on my cell at 305.342.1623 or send me a note here.
Miami Real Estate vs. Stock Market…..Who Wins?
April 20th, 2010 Categories:Buying in Coral Gables
No doubt about it, EWM stays on top of the figures. Check out this chart that was recently released to our agents. The chart shows the return on investment (ROI) for real estate in Miami Dade compared to the stock market. As you can see, real estate has far outperformed investments in stocks. This chart is just more confirmation that now is the time to buy in Miami!
Click on graph to view larger.
If you are interested in buying or selling real estate in the Miami area and are looking for an experienced realtor, please contact me at 305.342.1623 or send me a note here, I would be happy to assist you!
Originally Priced At $825,000, Sold Friday For $398,000
April 19th, 2010 Categories:Buying in Coral Gables
My buyers just closed on this home located at 529 Altara Avenue in Coral Gables. The house had been on the market for years and was originally priced at $825,000 back in 2006. My clients purchased it for $398,000. This is just another example of sellers chasing the market!
The home is located on a great street in Coral Gables close to Merrick Park and Coconut Grove. Features included: 1,788 square feet of living space with 3 bedrooms, 2 baths on a 7,560 square foot lot.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced realtor, please don’t hesitate to contact me on my cell at 305.342.1623 or send me a note here.
Great Home On West Sunrise Avenue, Coral Gables – $895,000
April 16th, 2010 Categories:Coral Gables Real Estate
With so many homes on the market for sale in Coral Gables I like to point out properties that stand out to me. I was in this home yesterday and was very impressed with the quality of renovations. Listed by my colleague at EWM Realtors for $895,000, the home features 3 bedrooms, 2.5 baths 2,398 square feet of living space on a 8,900 square foot lot.
If you are interested in seeing this home or any others in Coral Gables I would be happy to help you. Contact me on my cell at 305.342.1623 or send me a message here.
Tahiti Beach In Coral Gables – $40,795,000 Worth of Real Estate For Sale
April 14th, 2010 Categories:Coral Gables Waterfront Properties
Tahiti Beach is a private gated island within the boundaries of Cocoplum. This is an extremely exclusive address with ultra-luxury waterfront homes. There are currently 4 homes for sale on Tahiti Beach that total $40,795,000 worth of real estate! They range in price from $5,995,000 all the way up to $16,900,000. See the map below of homes that are currently for sale on Tahiti Beach.
To view details of the homes for sale on Tahiti Beach please click here.
If you are interested in buying or selling real estate in Coral Gables and are looking for a local realtor please don’t hesitate to contact me at 305.342.1623 or send me a note here.
Foreclosure On Santa Maria, Bring Cash!
April 12th, 2010 Categories:Coral Gables Real Estate
A foreclosure on exclusive Santa Maria Street (see map below) in Coral Gables has just come on the market. The house features 4 bedrooms, 3 baths, 3,178 square feet of living space on a 11,743 square foot lot just across from the Riviera Golf Course. List price is $625,000. Bank is accepting financing but it is likely that this deal will go to a cash buyer. Broker is Remax. Any takers? Call me at 305.342.1623 or email at smith.r@ewm.com and I would be happy to set up a showing.
If you are interested in buying or selling real estate in Coral Gables and are looking for a local realtor please don’t hesitate to contact me at 305.342.1623 or send me a note here.
View other foreclosures in Coral Gables by clicking here.
Coral Gables Real Estate Is On Track To Outsell 2009
April 7th, 2010 Categories:Coral Gables Real Estate
Just taking a quick look at my Coral Gables numbers this morning I noticed that the Gables has already had 96 single family homes to sell so far in 2010. This is 24 more sales than we had during the same time period of 2009, and 21 more sales than we had in 2008.
The reason for the increase in sales does not seem to be a result of lower prices, at least not in Coral Gables. The “price per square foot” figure only fell $4.00 from the first quarter of 2009 to the first quarter of 2010. The reason is likely due to lower mortgage rates and general consumer confidence.
Other interesting figures: The average sale price for a home in Coral Gables during the first quarter of 2010 was $1,002,672 and the median was $645,000.
If you looking for an experienced Realtor who works in the Coral Gables area to help you in your home search, I would be happy to assist you. Please contact me at 305.342.1623 or send me a note here.
You May Also Be Interested In Reading:
The Ultimate Guide To Gated Communities In Coral Gables
Coral Gables Waterfront Homes Average $3,000,000 In 2009
Showings Are By Appointment Only!
April 6th, 2010 Categories:Coral Gables Real Estate
Some realtors never cease to amaze me. One of my sellers was outside her home when another agent drove up and asked if she could bring her clients inside to take a look. No warning, no appointment and no phone call to me (the listing agent). My very kind and gracious seller was not exactly sure what to do so she allowed the agent and the clients to come inside. The agent knew nothing about the house, the size, the price or ANY of the details of the home. This meant that the impromptu intrusion was a complete waste of my seller’s time and an invasion of privacy. The agent then called me from INSIDE my client’s house to ask for the details of the home. My response was “You are WHERE?” She assured me that she has been doing business as a realtor for more than 20 years and that arriving unannounced at my client’s house was totally acceptable behavior. I beg to differ. All I have to say is….shame on you.
