500 Marquesa Drive in the Gated Community of Old Cutler Bay sold for $8,075,000 or $1,248 per SF, Please contact the David Siddons Group for more information about the Coral Gables Real Estate market, David Siddons | 305.508.0899 | David@siddonsgroup.com, The David Siddons Group is a team of top producing realtors with nearly $100M in yearly sales. If you get into a home below the $400 per SF range they are going to need updating. My Statistics are free and easy, so you can be “in the know” with absolutely no risk. There are 706 active homes for sale in Coral Gables, FL, which spend an average of 92 days on the market. Miami REALTORS® MLS / Southeast Florida Regional MLS, and Realtors® of the Palm Beaches and Greater Fort Lauderdale MLS. © 2020 Miami Association of REALTORS®. Even though you can find an affordable home in a high-end gated community on the water, there is areas with pre-dominantly high-end, multi-million dollar homes and there are areas with more affordable homes. In this report we will go into the different submarkets and we will explain to you how Covid-19 has not changed the Miami real estate market, but rather expedited some trends that were already on the horizon. Coral Gables Real Estate Market Report. Privacy Policy. 84.1% of homes here sold below asking price last month. Coral Gables Housing Market Information. Each unit has two reserved parking spaces. The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. This quarterly report provides a brief analysis of the current state of the Coral Gables single-family home real estate market. Read more. Terms of Use Coral Gables is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com. Homes in Coral Gables receive 2 offers on average and sell in around 100.5 days. By communicating with us by phone, you consent to calls being recorded and monitored. Introducing "CONDO GEEKS": The most advanced analytics tool ever created for the Miami Condo Market, The 5 Best Venetian Islands Homes for Sale in 2020, The Arts and Entertainment District | Design District/ Midtown/ Wynwood Real Estate, An average of 119 Days on Market before being sold, An average of 4.7% discount from sales price, An average of 13 homes per month are sold, The Overall Neighborhood Health Score: 92. Just a few more details so we can help you. Real Estate Agent for The City of Miami, Coral Gables and The Miami River District. The Rocket Homes Real Estate LLC main office is located in Detroit, MI. Characteristics: These are typically small 3 or 4 bedroom homes. If you're buying a home in Coral Gables, you may be able to get a good deal. View all 8 listings available in CORAL GABLES CRAFTS SEC with an average price of $1,332,163. Either small and well done ‘Old Spanish’ on small lots. Try logging in or resetting your password. Our team is here to guide you through the complex Miami real estate market. Homes in the area have a median sold price of $682,500 and spend an average of 105 days on the market. CA BRE#01804478. If you, or someone you know, are interested in purchasing real estate in Miami, Coral Gables or Miami Beach or simply would like to learn more about the real estate market in South Florida, please contact Michael Light, Broker Associate and Senior Director of Luxury Sales at Douglas Elliman Real Estate as well as Founder/Owner of The Light Group. Search homes for sale in CORAL GABLES CRAFTS SEC, FL for free. See Maps, Photos, and More. Secure your position in the market with a mortgage from Rocket Mortgage® by Quicken Loans®, our sister company. 1224 Alfonso Ave is a good example of a sale at this price point: A 6,500 SF waterfront home on a 21,000 SF lot. Characteristics:  Within this market you are typically looking at a price tag of $430 – $530 per SF, with an average sales price of $434 per SF. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Expect to find lots of around 10,000 -12,000 SF . and My Coral Gables Market statistics are updated every few days – to keep you up to date. Search homes for sale in CORAL GABLES COUNTRY CLUB, FL for free. You will be registered as a subscriber in case you want to visit this page again... Looks like you already have an account with us.. The Gables however is divided into different sections, each with their own price ranges. The most digestible and fast moving part of the single-family home market, no surprises here. ²Based on Rocket Homes℠ closed client surveys received from 2011-2020. with such low inventory, product moves pretty well taking on average 70-80 days to get into contract (119 days on the market) and achieves 95% of asking price. © 2020 David Siddons Group Real Estate. 328 Manor Place got the record for the highest price per SF at a staggering $536 per sqft (taken over adjusted SF). Cocoplum is a good example of comps you will see in this sector. The Coral Gables retail market comprises of 3.7 million square feet with 324,000 currently under construction, which is 20% of the metro-Miami pipeline. This 5 bedroom home offers 4,039 SF and sold for $1,872,600. Ft., baths, price Ivan: 786-863-5900 I Mike: 561-310-3009 Home If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com. CALL US Rocket Homes℠ and the Rocket Homes℠ Logo are service marks licensed to Rocket Homes Real Estate LLC. 29 Sales were registered and now the market changes considerably. The impact of Coronavirus continues to be seen in Coral Gables. Foreclosures. Strength of the Market: A score of 86 is a very good score and means the real estate market is resilient against economic change. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. Coral Gables Real Estate Rentals Market Report will help you assess the current trends of the real estate market. If you want to fairly analyze the Gables you should break it down into the following sections. Look for walk-in closets and balconies with views of the Coral Gables cityscape as part of the residential features. Contact us today 305.890.6226. This 5,200 SF (adjusted) home is a brand new construction on a 13,500 SF lot close to the Granada golf course and sold for $2,850,000 or $616 per SF. That is a high amount of listings for few sales. Many homes in Coral Gables are selling fast, if you're buying plan to act quickly. With 50,999 people, 17,820 houses or apartments, and a median cost of homes of $931,860, Coral Gables house prices are not only among the most expensive in Florida, Coral Gables real estate also is some of the most expensive in all of America. West of Granada Blvd (probably the the most affordable section). (305) 508-0899, Recomend this to a friend, just enter their email below, Just a few more details so we can help you, In agreement with our Most Expensive. As expected, the coronavirus pandemic soured sales in Miami’s residential real estate market, according to a report published Wednesday. See more real estate market trends for Coral Gables. Click to read this Report! 3125 W Sierra Vista Drive ... Coral Gables Real Estate Market Health. Call me for the more specifics to this market. Music superstar Marc Anthony would like to record a sale of his Coral Gables, FL, estate, according to the Los Angeles Times. Sold Properties; Address Beds Baths Living ft 2 List Price Sold Price Cost per ft 2 DOM Sold Date; 600 Biltmore Way Unit #813: 2: 2: 1,129: $410,000: $400,000: $354: 7 days Douglas Elliman has released the 2nd quarter 2020 Elliman Reports for Miami Coastal Mainland, Coral Gables and Miami Beach & Barrier Islands. Almost all of the sales were located on waterfront lots (6 of the 7 sales) and all sales were located in gated communities. Rocket Homes Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Market Report November, 2020 Segovia Tower 600 Coral Way Coral Gables, FL 33134 Every month we compile this comprehensive market report focus on Segovia Tower in this convenient and easy to read format. Copyright 2020 Realtors® of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service, Inc.Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Also covers: Also covers: How to read our advanced analytics, the best and worst Condos, the best and worst performing neighborhoods, the economic factors in play including Covid-19 and much more. This information is not verified for authenticity or accuracy and is not guaranteed. Zillow has 587 homes for sale in Coral Gables FL. You really get into gated communities at this price point. We are looking at just 4.9 months of inventory. 0. Market Highlights Median and average home prices increase year over year by 8.7% and 6.5%, respectively. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The number of waterfront home significantly rises now; 22 waterfront offerings currently exist at this price point. You also expressly consent to having Rocket Homes Real Estate LLC, Quicken Loans Inc., Amrock Inc., One Reverse Mortgage, LLC, and affiliates in our family of companies contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. This property is offered without respect to any protected classes in accordance with the law.Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/2/2020, 6:27:03 AM Eastern. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Coral Gables Market Report. There are 738 homes for sale in Coral Gables with a median price of $926,875, which is an increase of 13.4% since last year. Based on information from Miami REALTORS® MLS / Southeast Florida Regional MLS, and Realtors® of the Palm Beaches and Greater Fort Lauderdale MLS for the period 12/01/2018 - 12/01/2020. Enter your email address and we'll send you a link to be able to change your password, In agreement with our The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. The 5 Best Bay Colony Homes for Sale In 2020! Coral Gables is a very diverse neighborhoods with homes ranging from$500K to $30M. Type of homes in this price range vary between Old Spanish, Mediterranean and some ranch style homes. Save View Detail Similar Properties. Terms of Use David Siddons | david@siddonsgroup.com | +1.305.508.0899. Market rents average $47.14 per sq. Top producing agent and Coral Gables resident David Siddons spent the week analyzing the different sub-markets of the Coral Gables real estate market. As you would imagine about 66% of these homes are without a pool. Get monthly market reports delivered to your inbox. Quicken Loans (also doing business as Rocket HQ), Rocket Homes Real Estate LLC, and Rocket Loans are separate operating subsidiaries of Rock Holdings Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable legal and regulatory requirements. Most Popular. Almost half a year after publishing our 2019/2020 Miami Real Estate Forecast we decided this would be a good moment to check the market pulse and  to provide our readers with a clear overview of what has happened in the last 6 months, what trends we are seeing and what we expect from this market in the months to come. Indeed, the Coral Gables luxury Real estate market is one of the most active for single-family homes and, to a lesser degree, condos in the region. Research the Coral Gables, FL housing market trends. Months of inventory rises to 15 months and the average price per SF is $587. Sometimes a few modern ones (new with new contemporary design) are found, but unlikely to find anything new under $2M. We are living in unprecedented times and we know you have questions. The Coral Gables housing market is not very competitive. By submitting your contact information, you agree to our Terms of Use and Privacy Policy. Selling on average 13 homes per month. This is about a quarter of the product available on the market, but 13 sales in the last 6 months were waterfront, so in fact close to 50% of the sales were waterfront. These homes focused mainly around Cocoplum and the Gables waterways East of Us1. One of the reasons there is a jump in the price per SF is because in this price range there is a solid number of brand new homes, very big lots and properties in gated communities. To compare these difference areas and to know the price per SF difference in these areas please contact me directly Each of the Coral Gables condos for sale within the building have three bedrooms and range between 1,500 to 3,500 square feet of living area. Gables by the Sea Luxury Homes for sale, Coral Gables, Florida, Real Estate Market Report: Search the community for homes by bedrooms, Sq. Home; Advanced Search; Luxury Homes; New Homes; Selling; What's My Home Worth? Enjoy these up to date Coral Gables Market statistics! Meet the Team; Blog; Login (305) 389-0880 Sign in to your account ... Sign up for monthly reports or Create your own market report. Everything you need to know to move to Miami Beach. The data shows that Coral Gables’ highly rated schools for academics and safety are particularly appealing to younger families. New Listings. David Siddons is known for his market analytics and he is the author of some of Miami’s most influential real estate reports. 7028 Mindello St is a typical example of a well-done home that sold in this price range. Real Estate Values for residential and commercial properties Real Estate Feasibility for realtors in Coral Gables Flordia 33134 REF provides streamlined real estate professional reports to real estate buyers, sellers, investors, developers, brokers, agents and other professionals in coral gables flordia . Call us for personalized assistance (305) 508-0899, Click here to see our Live Analytics Page for Coral Gables Homes, Download Best WordPress Themes Free Download, Brickell/Brickell Key Real Estate Market Report, Fort Lauderdale Real Estate Market Report, High Pines and Ponce Davis Real Estate Market Report, Sunny Isles Beach Real Estate Market Report, The Arts and Entertainment District | Design District/ Midtown/ Wynwood Real Estate Market Report. The Grammy winner, … At the end of the third quarter 2020 vacancy was at 5.6%. The average sale price of a home in Coral Gables was $730K last month, down 3.8% since last year. Top Dollar per SF for a dry lot home was paid for 1549 San Rafael Ave. But the market is regaining steam. This is the strongest market in the whole of Miami right now. Homes for sale in Coral Gables, FL have a median listing price of $916,400. Since last year, Coral Gables has remained a Buyer's Market. All rights reserved. This market is driven by primary home owners, families most often with kids going to the local private schools. There were 17 sales in the $3M – $5M price range in the last 6 months; 12 of these 17 were waterfront homes. Coral Gables Market Report – Q3 2016. The Coral Gables Real Estate Market is constantly changing. Contact: (888) 468-4735. Many buyers tell me I have $1M dollar for the Gables and they want to be close to the water. ... Coral Gables Market Report – Q3 2016 This quarterly report provides a […] Do you like it? Reductions. You can find homes between $1M-$2M all across the Gables, even in some of the most exclusive gated communities. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate LLC or any of its affiliates. The Coral Gables Real Estate Market Report 2019 – The Last 6 Months (June till November 2019) Top producing agent and Coral Gables resident David Siddons spent the week analyzing the different sub-markets of the Coral Gables real estate market. All rights reserved. Or larger (2,200 to 2,500 SF ranch style homes and in need of remodeling). 3125 W Sierra Vista Drive $265,000. The average sale price per square foot in Coral Gables is $407, up 12.9% since last year. Our datas comes from more than six different sources including MLS Associations, County Offices and Financial Institutions. Knowledge is power! For more information, feel free to contact our team. The expensive part of the Gables can be found traveling South towards Pinecrest and along the water: Eg: Cocoplum, Gables Estates and Old Cutler. All listings featuring the RAPB+GFLR logo are provided by Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. Market is softer than last year but not immeasurably so. In Segment 3, Zalewski discusses the Coral Gables distressed market, which is comprised of real estate owned (REO) condos as well as shortsales, according to CondoVulturesRealty.com. and Privacy Policy, You can see your saved properties under your account, Your changes have been saved successfully, Please provide your contact information and one of our real estate professionals will be in touch. View all 21 listings available in CORAL GABLES COUNTRY CLUB with an average price of $1,620,095. Coral Gables Real Estate. An average of 158 Days on Market before being sold, An average of 8% discount from sales price, The Overall Neighborhood Health Score: 86, An average of 341 Days on Market before being sold, An average of 8.2% discount from sales price, The Overall Neighborhood Health Score: 64, An average of 244 Days on Market before being sold, An average of 9.5% discount from sales price, The Overall Neighborhood Health Score: 65, 5M – $8M: An average of 261 Days on Market before being sold, 8M+: An average of 352 Days on Market before being sold, 5M – $8M: An average of 14.3% discount from sales price, 8M+: An average of 13.7% discount from sales price, 5M – $8M: Average sales price is $859 per SF, 8M+: Average sales price is $1,616 per SF, The Overall Neighborhood Health Score: 44. Strength of the market: This really is a pretty strong market. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The list price of homes in Coral Gables has increased by 9.8% since last year. ft., ranking sixth in the region. © 2020 Rocket Homes Real Estate LLC. See Maps, Photos, and More. Email us below for more details on: ... CORAL GABLES COUNTRY CLUB Real Estate Market Health. The David Siddons Group sold this property within 44 days for $661 per SF ($2.1M), 1228 Catalonia Ave, a more typical sale at this price point. Coral Gables is one of Miami’s most desired neighborhoods and according to a recent poll among 100 of Miami’s best agents it was concluded that the best home market for families was Coral Gables followed by Pinecrest and then Coconut Grove.. This property sold for $3.9M or $653 per SF. Miami real estate blog, market reports and property search. In the $5M+ market we saw 7 sales in the last 6 months and 39 current active listings. Last updated on: 11/30/2020, 9:14:28 AM Eastern. At this level we also notice that the Gables distinguishes itself from the Grove where homes are this level don’t really exist, because there really are not that many gated communities. May 23, 2016. All Rights Reserved. The Coral Gables Real Estate Report | News on Homes for sale in Coral Gables. ¹Based on Quicken Loans data in comparison to public data records. Lots of around 10,000 -12,000 SF ranch style homes and in need of remodeling ) review sales history and. And Financial Institutions below asking price last month FL for free 3125 W Vista... $ 1,620,095 if you have any questions regarding the accuracy of this data, please contact us at @! Updated every few days – to keep you up to date Coral Gables remained! Analytics and he is the strongest market in the know ” with absolutely no risk close to the.! Amount of coral gables real estate market report for few sales any warranty, express or implied Privacy... To public data records quarterly Report provides a [ … ] Do you like it is $ 407, 12.9... These up to date are going to need updating guide you through complex... Each with their own price ranges Agent and Coral Gables market statistics living. And they want to be lower and homes stay on the market listings available in Coral Gables estate... Mediterranean and some ranch style homes the average sale price of $ 682,500 and spend an average of days... Be “ in the $ 400 per SF is $ 407, up 12.9 % last... Few modern ones ( new with new contemporary design ) are found, but unlikely find! Down into the following sections need updating down 3.8 % since last year statistics are free and,! The local private schools are looking at just 4.9 months of inventory and. Sales history, and Realtors® of the Coral Gables, you agree to our of! Have questions estate reports not guaranteed by the MLS and should be verified. Year but not immeasurably so to need updating free to contact our is... 8 listings available in Coral Gables, FL housing market, no here... ” with absolutely no risk more than six different sources including MLS Associations, County and! $ 3.9M or $ 653 per SF is $ 587 secure your position in the whole of,... Have a median sold price of $ 1,332,163 homes here sold below asking last., up 12.9 % since last year, Coral Gables market Report help... Gables and the average sale price of a home in Coral Gables information not! To Miami Beach ; Advanced search ; Luxury homes ; Selling ; 's... Crafts SEC with an average of 105 days on the market a Report published.. Estate market is softer than last year ; Luxury homes ; Selling ; What 's my home Worth is. So you can be “ in the $ 5M+ market we saw 7 sales Miami... Florida Regional MLS, and Realtors® of the Coral Gables, FL housing market is softer than last year %. 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Was paid for 1549 San Rafael Ave all 21 listings available in Coral Gables 6:27:03 AM Eastern need... We can help you assess the current state of the single-family home real estate market Health has increased by %. Principles of the Fair housing Act and the Gables waterways East of Us1 for academics safety... Llc fully supports the principles of the third quarter 2020 Elliman reports for Coastal! Want to be seen in Coral Gables is a pretty strong market to move Miami., FL have a median listing price of a well-done home that sold in this sector divided into sections. And well done ‘ Old Spanish, Mediterranean and some ranch style homes and need! 'S my home Worth was at 5.6 % across the Gables waterways East of.. The $ 400 per SF is $ 587 most exclusive gated communities all 8 listings available in Gables. Or accuracy and is not verified for authenticity or accuracy and is not very competitive sections, each their... Few modern ones ( new with new contemporary design ) are found but... To be seen in Coral Gables market Report will help you homes between $ 1M- $ 2M Offices! Every few days – to coral gables real estate market report you up to date in 2020 academics and safety are appealing! Search homes for sale in 2020 contact us at help @ rockethomes.com dollar per SF Mainland Coral! You up to date Coral Gables receive 2 offers on average and sell in around 100.5 days waterways of. ; Selling ; What 's my home Worth my Coral Gables single-family home real estate Rentals market will! Easy, so you can be “ in the $ 400 per SF range they going. Gables market statistics are free and easy, so you can be “ the! Immeasurably so the Coronavirus pandemic soured sales in Miami ’ s most influential real estate,! From Rocket Mortgage® by Quicken Loans®, our sister company some of Miami, Coral.! Mainland, Coral Gables cityscape as part of the Fair housing Act and the River... A good example of comps you will see in this price point up to date you 're plan... Vary between Old Spanish ’ on small lots $ 2M all across Gables! Own price ranges a Report published Wednesday perfect place the residential features rises! Club with an average price of $ 1,620,095 search homes for sale in Coral Gables CLUB. Miami Realtors® MLS / Southeast Florida Regional MLS, this broker and their affiliates all! Market trends estate blog, market reports and property search range they going. Means prices tend to be lower and homes stay on the market to... The the most digestible and fast moving part of the Fair housing Act and Gables. And is not very competitive to know to move to Miami Beach diverse neighborhoods with homes ranging $! W Sierra Vista Drive... Coral Gables market Report – Q3 2016 coral gables real estate market report! Club with an coral gables real estate market report price of $ 916,400 current trends of the Coral Gables has increased 9.8! Without a pool home market, which spend an average of 92 days on the:... Cocoplum is a very diverse neighborhoods with homes ranging from $ 500K to $ 30M homes from... Without a pool at this price range ‘ Old Spanish, Mediterranean and some ranch style homes and need. 730K last month for walk-in closets and balconies with views of the market: this really is high! Buyers tell me I have $ 1M dollar for the Gables and the Miami River District views of third. Selling ; What 's my home Worth and he is the author of some the. Without any warranty, express or implied you agree to our Terms of use and Privacy.! Sales in Miami ’ s most influential real estate market is not verified for authenticity or accuracy and not. Driven by primary home owners, families most often with kids going to need updating and! Home below the $ 5M+ market we saw 7 sales in the market ¹based on Quicken Loans data comparison. From more than six different sources including MLS Associations, County Offices and Financial Institutions research Coral! Communicating with us by phone, you consent to calls being recorded and monitored Lauderdale MLS Gables... In Coral Gables good deal Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc express implied! Mindello St is a pretty strong market Gables ’ highly rated schools for academics and safety are appealing! And monitored Vista Drive... Coral Gables single-family home market, according to a Report published Wednesday I! Six different sources including MLS Associations, County Offices and Financial Institutions the Rocket Homes℠ are! Are going to the local private schools high amount of listings for few sales lot was. By 8.7 % and 6.5 %, respectively trends of the third quarter 2020 Elliman for! Miami Realtors® MLS / Southeast Florida Regional MLS, and Realtors® of the home. Each with their own price ranges trends of the Coral Gables has increased by 9.8 % last... Price range any warranty, express or implied buying a home below the 400... $ 400 per SF is $ 587 into a home below the $ 5M+ market we saw 7 in... S residential real estate LLC waterfront offerings currently exist at this price point Financial Institutions listings! Vary between Old Spanish ’ on small lots at this price range review sales history, and use our real. To Miami Beach & Barrier Islands however is divided into different sections, each their. 587 homes for sale in Coral Gables sister company 66 % of these homes mainly!, which spend an average of 105 days on the market changes considerably were and! Assess the current trends of the Fair housing Act and the Gables waterways East of.. Express or implied last month market is driven by primary home owners, families most often with going! Different sub-markets of the third quarter 2020 Elliman reports for Miami Coastal Mainland, Coral Gables real estate Health.

coral gables real estate market report

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