Have prices hit bottom? There has been a dramatic drop in prices in Coral Gables. An analysis of closed sales so far this year reveals that the average sale price per square foot is $273 while the median is $255. For the same period last year (January to September) those numbers were $312 and $294 respectively. What is the average price of a home? The average sale price of a Coral Gables home this year is $888,250 (median sale price is $547,500). The average sale...Continue Reading!
Coral Gables Category
Not all price reductions are created equal. Even though not every price reduction will turn a house into a deal; each will at least bring it closer to where it needs to be to sell. Here are some of the most significant reductions this week. 1408 Dorado Avenue | 6 Bedrooms | 5 Baths | 4,883 sq/ft |15,000 sq/ft Lot | Reduced by $375,500 to $1,999,500 649 Almeria Avenue # 3 | 4 Bedrooms | 4 Baths | 1 Half Bath |...Continue Reading!
25 Tahiti Beach is back on the market after being taken off temporarily. Back on September 5, 2008 I wrote a blog that shows the price at $6.5 million. It has just been re-listed for $4.9 Million. There are only 2 other listings on Tahiti beach: 17 Tahiti Beach $8 M and 23 Tahiti Beach $7.8 M This is the least expensive listing in this prestigious gated community of Coral Gables. The estate offers 5 bedrooms, 6.5 baths, private tennis court and...Continue Reading!
Since the begining of September, there hare been 8 pending sales in Coral Gables. Like all of the closed sales so far this month, all pending sales have been under $1,000,000. View September's Coral Gables Pending Sales in a map. 6505 Caballero Boulevard | 5 Bedrooms | 6 Baths | 2 Car Garage | 3,666 sq/ft | 13,289 sq/ft Lot | $989,000 List Price 650 Almeria Avenue | 4 Bedrooms | 4 Baths | 2 Car Garage | 3,013 sq/ft | 12,500 sq/ft Lot| $890,000 List Price 719...Continue Reading!
Fully rented and well maintained duplex for sale at 5366/5370 Orduna Drive, Coral Gables. New barrel tile roof installed in 2005. Bike riding distance from the University of Miami and midway between downtown South Miami and downtown Coral Gables.Continue Reading!
355 Costanera has just been reduced $400K to $2,000,000 The home offers 5 bedrooms, 5 baths, 2 car garage, marble and wood floors, new kitchen and baths. Cocoplum has seen activity begin to pick up as prices are reduced. You will find the list of closed sales below. As the market slowly begins to recover, the intreset in making the move to a new home or buying an investment has recovered along with it. LOCATION LIST PRICE SALE PRICE DATE CLOSED 7020 Prado $ 12,700,000 $ 9,750,000 SOLD 05/15/09 144 Rosales $ 4,500,000 $...Continue Reading!
There have been 7 closed sales in Coral Gables during the first two weeks of September. Six of these sales consisted of 3 bedroom homes with sale prices under $615,000. This may be a result of first time home buyers eager to take advantage of market conditions and the soon to expire tax credit incentive. Single Family Homes Sold In September 4939 Riviera Drive | 3 Bedrooms 2 Baths 1 Half Bath | 1,527 Sq/Ft | 7,500 Sq/Ft Lot | $439,000 List...Continue Reading!
We have a GREAT ! GREAT ! condo priced to sell listed in the City of South Miami. The 7 unit condo building was completed in 2005 and is located east of South Dixie Highway within walking distance of restaurants, movies, and all the amenities that downtown South Miami offers. The spacious condo boasts 3 bedrooms, a wood and granite kitchen, and wood floors throughout. There is lots of closet space, an indoor laundry, trash chute, and 2 gated parking...Continue Reading!
Last Friday and as part of its Chamber Music Concert Series, the Walenstein Symphony Orchestra presented "A Romantic Evening With Tchaikovsky Part II" at the University of Miami's Gusman Concert Hall. This was a delightful concert filled with outstanding performances. I liked the intimate setting that a smaller concert hall provided as well as the accessibility of the event. I was able to get great tickets earlier in the day for $15.00. I am a true believer of supporting events like this...Continue Reading!
Whether you are just getting started, downsizing, or simply love a small house; living with less space is all about potential and compromises. Small spaces usually look smallest when empty, but furnished optimally a small home can go from simply charming to just perfect. 900 Wallace Street in Coral Gables is an attractive little house with an equally attractive price tag of $355,000. Click here for more details and images. In an era of "less is more", many are learning to thrive...Continue Reading!