coral gables real estate newsletter
DESCRIPTION
News about "Coral Gables Real Estate" as well as facts, trends and luxury homes for sale in Coral Gables.TRANSCRIPT
coral gables where old world elegance meets new world luxury
Coral Gables Non-Waterfront
248 Single Family Homes For Sale Average List Price: $1,151,945
Average List Price Of Sold Homes: $882,858 Average Sale Price: $802,418
Coral Gables Waterfront
93 Single Family Homes For Sale Average List Price: $5,280,951
Average List Price Of Sold Homes: $2,252,176 Average Sale Price: $2,175,527
Riley Smith| EWM Realtors, Inc. | Coral Gables Real Estate Specialist
Mobile: 305-342-1623 | Office: 305-960-5317 | Email: [email protected]
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2008 2009 2010 2011
Coral Gables Single Family
Inventory Levels
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,
21, 53, 28, 45, 94, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,
21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 24, 40, 93, 29, 45, 23,
21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
Coral Gables By The Numbers
$270.00/Sq.Ft.
vs
$470.00/Sq.Ft.
The average sales price per square foot in
Coral Gables right now is $270.00 . This figure
is far below the average asking price of
$470.00 per square foot. What these figures
tell me is that on average, the remaining
inventory on the market in Coral Gables is
overpriced.
350
There have been 350 single family homes
sold in Coral Gables so far this year. At the
same time last year there had only been 271
homes sold. Buyers recognize that now is the
time to buy, and these figures just further my
belief that 2011 will have the highest number
of home sales in Coral Gables on record.
I am seeing a large demand in Coral Gables
right now for turn-key ready homes as well as
updated Old Spanish properties. Buyers who
are purchasing their primary residence are
shying away from homes that need exten-
sive renovation. This is due to the fact that
banks now require a higher down payment
and buyers don’t have as much cash left
over to make upgrades.
Riley Smith| EWM Realtors, Inc. | Coral Gables Real Estate Specialist
Mobile: 305-342-1623 | Office: 305-960-5317 | Email: [email protected]
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,
21, 53, 28, 45, 94, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,
21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 24, 40, 93, 29, 45, 23,
21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19
Riley Smith Coral Gables Real Estate Specialist
TheCoralGablesRealEstateVault.com
Locally Known. Globally Connected.
Coral Gables 2011
Price Distribution
Coral Gables 2011
Cash vs. Finance
32% Cash
Transactions
68% Finance
Transactions
28% Over
$1,000,000
72% Under
$1,000,000
The Riley Smith Group Presents
4320 Santa Maria Street, Coral Gables
Riley Smith | EWM Realtors, Inc. | Coral Gables Real Estate Specialist
Mobile: 305-342-1623 | Office: 305-960-5317 | Email: [email protected]
This magnificent Colonial Revival home overlooking Riviera Country Club’s 15th fairway
sits on one of the most beautiful and sought after streets in Coral Gables. One of five of
George Merrick’s original Pioneer Village homes built in 1926 and extensively restored in
2008 to include impact glass, gas generator, exquisite built-in cabinetry, slate roof,
luxurious master suite and separate garage apartment. In superb condition and
beautifully appointed with the finest finishes throughout the home.
Details:
6,146 Square Feet Of Living Area
16,875 Square Foot Lot
5 Bedrooms, 4.5 Baths
More Photos www.4320SantaMaria.com