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Coral Gables – October, 2017 Market Snapshot

October 11, 2017 by Michael Light

Categories: Market Trends

Coral Gables October 2017 Market Snapshot

 
The Coral Gables October, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months.

If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables.

Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale.

After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot.

Coral Gables Single-Family Homes Currently For Sale (as of 10-10-17)

Coral Gables Single-Family Homes Currently For Sale (as of 10-10-17)

Coral Gables Single-Family Homes Currently For Sale - Average Price Per Square Foot (as of 10-10-17)

Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 10-10-17)

Coral Gables Single-Family Homes Closed Sales - Last 6 Months - Average Price Per Square Foot (as of 10-10-17)

Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 10-10-17)

If you are interested in buying or selling a home in Coral Gables, or simply would like more information about the current state of the real estate market in Coral Gables, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Note: The MLS data for the information contained herein was retrieved from the MLS on October 10, 2017.