Inventory Drops in Coral Gables

It finally has happened! Our inventory of single family homes in Coral Gables dropped to less than 300 properties (295)...the lowest it has been since the peak sales period of 2005-06 when prices were at their highest and we were down to less than 200 homes. Then inventory slowly expanded to over 650 homes in the sluggish years of 2007-08 and buyers were scarce. Today, of the 295 homes on the MLS, 123 properties are less than $1M, and 172 homes are at $1M or above. Now is the time to buy in the Gables while you still have a selection of affordable properties.

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SOUTHCOM Change of Command Presided over by Defense Secretary Panetta and Veteran's Day Ceremony at Jungle Island

General Douglas Fraser, U.S. Southern Command, giving the keynote address at the Jungle Island Veteran's Day event. U.S. Secretary of Defense Leon Panetta, Chairman of the Joint Chiefs of Staff Army General Martin Dempsey, incoming SOUTHCOM Commander Gen. John Kelly and outgoing SOUTHCOM Commander Gen. Douglas Fraser at Change of Command Ceremony on November 19, 2012 . General Douglas Fraser of the Southern Command is retiring after nearly 40 years of service to the United States Air Force. At a Veteran's Day celebration held at Jungle Island in Miami, the General was recognized along with other veterans for their outstanding dedication to protecting our country. Last week, Gen. Fraser was also honored by United States Secretary of Defense Leon E. Panetta, who commended his accomplishments in leading SOUTHCOM. Secretary Panetta described the Genera...

Coral Gables Market Update

The Market in Coral Gables on the move... +As of August 2019 there were 383 single family homes on the market for sale. The average LIST price was $3,173,000 The average SOLD price was $1,208,000 The MEDIAN sold price was $901,000 +There are 122 homes out of 383 homes that are priced under $1,000,000, or 32% of the total +There are 261 homes priced over $1,000,000 in the Gables which is 68% of the Total. + Over the past year there were 446 homes sold in the Gables ( 241 were under $1.0M or 54%) and ( 205 were priced over $1,000,000 or 46%) +The average time a listing is on the market is 63 days. + The average price per square foot is up this year about 3.6%, May-July 2018 to May-July 2019. I think this is due to the sale of many homes that are updated and ready to go. They have been setting records.

840 Coral Way : A One of a Kind Property

840 Coral Way has to be one of the most unique homes in all of Coral Gables. Built in 1926 and designed by noted architects John and Coulton Skinner for R.D. Maxwell. This house is a testament of the artistry and craftsmanship of the designers who worked in Coral Gables during its boom. The structure is an excellent example of the larger homes that were constructed along this prominent street. Designed in the "Italianate" style the house has an elaborate central portal, which comes to a pediment at the roof line to focus the entrance. The Skinner brothers also used round oculus windows at the mezzanine floor level to articulate the walls that allow for such high ceilings. The ground floor was originally composed of a formal living room, library and dinning room and designed around an open loggia. Above on the second floor there are five bedrooms for the family that were connected two by two with a central bathroom. Covered porches were also integrated into the design of...

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