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The Coral Gables Real Estate Report | Homes for sale in Coral Gables
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. The tranquil and family friendly area attracts many families because of its central location, the excellent private schools (and for some addresses public schools), the walkability and the safety. Last but not least, Coral Gables has many wonderful and fast appreciating real estate opportunities; from smaller Spanish style homes to multi-million dollar waterfront mansions. For those who don’t know Coral Gables, please have a look at the video below in which we drive you through the Gables. All the way at the end of this article we included some really useful links regarding Coral Gables Homes for you.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text]A drive through Coral Gables
[/vc_column_text][vc_video link="https://www.youtube.com/watch?v=99NAUebgIqw"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Coral Gables Real Estate Report – Inventory levels in 2015 – 2016
As can be seen from the graph below, Coral Gables homes below the 1 million Dollar mark are showing the signs of a well balanced market / seller's market. Despite being a well balanced market, the demand for Coral Gables homes is higher than the supply in some quarters. The $1M - $2M market balances between a neutral market and a light buyer's market, while the luxury market of $2M+ homes is in a buyer's market. Rule of Thumb- Below 6 months of inventory: More demand than supply, creating a seller’s market
- Between 6 and 9 months of inventory: A neutral market with a balanced relation between supply and demand
- More than 9 months of inventory: More supply than demand, creating a buyer’s market
Compare Coral Gables Homes for Sale with Coconut Grove Homes for Sale
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Coral Gables Real Estate Report | The Average Sales Prices per Sq.Ft for the different price ranges Below you can see what homes of different price ranges are selling for per Sq.Ft.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20127" img_size="600x400" onclick="img_link_large" img_link_target="_blank"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Average Sales Prices per Sq.Ft over the last 4 years Looking at the general growth of the market over the last years (made easier for the eye with the help of trend lines*) we see increasing prices in Coral Gables. In the Gables the property prices between $500K and $1M increased by nearly 35% from the mid $200s to the lower-mid $400s. Properties in the $1 - $2M increased with about $100 per Sq.Ft which is approximately a 32% increase. The ultra-luxury segment saw the smallest increase of prices with a 3% increase. *Especially in the luxury segment of the market prices might differentiate substantially from month to months due to limited sales or a sporadic sale of a property with features that are driving prices up (eg a private beach). Using automatically generated trend lines offers the reader a better idea of where the market is heading.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20125" img_size="full" onclick="img_link_large" img_link_target="_blank"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2="" css=".vc_custom_1469548181955{background-color: #37344f !important;}"]David's Conclusions
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Interesting Links and Related Coral Gables Real Estate News
Interesting Links and Related News
The Coral Gables Neighborhood Blog The Coral Gables Real Estate Reports Coral Gables Neighborhood News Coral Gables - A Top 10 Selection of properties What is the best gated community in Coral Gables What is the best neighborhood in Miami for you? The Coconut Grove Real Estate Report
[/vc_cta][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]Read Full Article Here: The Coral Gables Real Estate Report and Market Analysis July 2016
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