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.

Comments

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