Thursday Throwdown: Coral Gables vs. Pinecrest Single-Family Homes

 
Coral Gables and Pinecrest are two highly-sought-after, family-friendly cities that both offer beautiful single-family homes, excellent schools, plenty of shopping and a true variety of restaurants.

Despite many differences, Coral Gables and Pinecrest share many similar attributes, which is why a lot of families moving to South Florida compare these 2 cities when deciding where to call home. So, let’s look at the numbers to compare how the single-family home market in Coral Gables currently compares to the single-family home market in Pinecrest…numbers don’t lie.

Available Waterfront Single-Family Home Inventory
At this time, Coral Gables has 72 waterfront single-family homes listed for sale with an average list price of $6,939,114 and an average list price per square foot of $953.55. In Pinecrest, there are presently 12 waterfront single-family homes for sale (canal/lagoon) with an average list price of $1,385,219 and an average price per square foot of $365.66.

Coral Gables Waterfront Single-Family Home Inventory

• Total Waterfront Homes Available: 72
• Average List Price: $6,939,114
• Average List Price Per Square Foot: $953.55

Pinecrest Waterfront Single-Family Home Inventory (canal/lagoon)

• Total Waterfront Homes Available: 12
• Average List Price: $1,385,219
• Average List Price Per Square Foot: $365.66

Available Non-Waterfront Single-Family Home Inventory
To date, Coral Gables has 288 non-waterfront single-family homes listed for sale with an average list price of $1,631,904 and an average list price per square foot of $458.94. In Pinecrest, there are currently 206 non-waterfront single-family homes for sale with an average list price of $2,328,442 and an average price per square foot of $410.89.

Coral Gables Non-Waterfront Single-Family Home Inventory

• Total Non-Waterfront Homes Available: 288
• Average List Price: $1,631,904
• Average List Price Per Square Foot: $458.94

Pinecrest Non-Waterfront Single-Family Home Inventory

• Total Non-Waterfront Homes Available: 206
• Average List Price: $2,328,442
• Average List Price Per Square Foot: $410.89

Single-Family Waterfront Homes Closed in the Last 6 Months
In the last 6 months, 24 waterfront single-family homes have sold in Coral Gables with an average sales price of $5,098,137 and an average price per square foot of $694.41. Pinecrest has seen only 6 sales of waterfront single-family homes in the last 6 months with an average sales price of $1,430,833 and an average price per square foot of $359.32.

Coral Gables Waterfront Single-Family Homes Closed in Last 6 Months

• Total Waterfront Homes Closed in Last 6 Months: 24
• Average Sales Price: $5,098,137
• Average Sales Price Per Square Foot: $694.41

Pinecrest Waterfront Single-Family Homes Closed in Last 6 Months

• Total Waterfront Homes Closed in Last 6 Months: 6
• Average Sales Price: $1,430,833
• Average Sales Price Per Square Foot: $359.32

Single-Family Non-Waterfront Homes Closed in the Last 6 Months
In the last 6 months, 281 non-waterfront single-family homes have sold in Coral Gables with an average sales price of $957,918 and an average price per square foot of $372.54. Pinecrest has seen 94 sales of non-waterfront single-family homes in the last 6 months with an average sales price of $1,380,451 and an average price per square foot of $319.79.

Coral Gables Non-Waterfront Single-Family Homes Closed in Last 6 Months

• Total Non-Waterfront Homes Closed in Last 6 Months: 281
• Average Sales Price: $957,918
• Average Sales Price Per Square Foot: $372.54

Pinecrest Non-Waterfront Single-Family Homes Closed in Last 6 Months

• Total Non-Waterfront Homes Closed in Last 6 Months: 94
• Average Sales Price: $1,380,451
• Average Sales Price Per Square Foot: $319.79

Coral Gables & Pinecrest Single-Family Home Months of Inventory

Coral Gables & Pinecrest Waterfront Single-Family Homes

• Coral Gables: 18 Months of available inventory
• Pinecrest: 12 Months of available inventory

Coral Gables & Pinecrest Non-Waterfront Single-Family Homes

• Coral Gables: 6 Months of available inventory
• Pinecrest: 13 Months of available inventory

Interested in the South Florida Real Estate Market???

If you, or someone you know, would like more information about the real estate markets in Coral Gables and/or Pinecrest, please contact Michael Light, Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Note: The information contained herein was retrieved from the Multiple Listing Service (MLS) on August 9, 2017, and is intended for informative purposes only and, thus, should not be relied upon.