Miami Real Estate by Land and Sea

Coral Gables Active Listings - 465 (very similar to last month)
193 are "luxury listings" (ie over $1,500,000) (very similar to last month)
36 are short sales (very similar to last month)
4 are foreclosures (more than last month)
Median List Price - $1,199,000 (same as last month)

Coral Gables Pending Sales - 94 (very similar to last month)
17 are "luxury listings" (up from last month)
26 are short sales (a few less than last month)
18 are foreclosures (very similar to last month)

Coral Gables Closed Sales - 31 (up slightly from last month)
4 were "luxury listings" (fewer than last month)
4 were short sales (very similar to last month)
3 were foreclsoures (same as last month)
Average List Price - $694,742 (less than last month)
Average Sold Price - $618,981 (less than last month)
List price to Sold Price Ratio - 92%

Higest Closed Listing - $1,850,000 (lower than last month)

Lowest Closed Listing - $205,000 (a short sale)

What does this mean to you?

If you have a listing in the luxury market, there is stiff competition with over 1/3 (almost 1/2!) of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings"). Listings in the upper price point are selling at a much slower rate than the lower price points and there is 1.5 years of inventory on the market (a sellers market is closer to 6 months, but still a good sign, we were up to three years several months ago). In order to be a viable listing, the price must be correct and the marketing top notch. Without both, listings are having a slow time moving. The GOOD sign is that properties are really moving, the inventory is down and the sales are up, so seller, things are looking up!

If you are on the hunt for a "bargain", they are out there, but they go quickly. Most foreclosures sell quickly and close to, or above list price. In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-). They will advise you as soon as a new property comes on the market or drops in price to be within your price range. They will also knows the special ins and outs of purchasing foreclosures. Properties are going faster than before, especially the well priced ones, now is the time to look before the market completely turns. Look at the market reports from earlier this year and you will see the trend in sales....

Check back next month for the Coral Gables October month in review!

Visit past Market Reports (scroll down once you click the link to see all)

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Coral Gables Active Listings - 468 (same as last month)
195 are "luxury listings" (ie over $1,500,000) (same as last month)
34 are short sales (same as last month)
2 are foreclosures (fewer than last month)
Median List Price - $1,199,000 (same as last month)

Coral Gables Pending Sales - 95 (same as last month)
11 are "luxury listings" (same as last month)
30 are short sales (same as last month)
19 are foreclosures (same as last month)

Coral Gables Closed Sales - 25 (same as last month)
6 were "luxury listings" (same as last month)
3 were short sales (same as last month)
3 were foreclsoures (same as last month)
Average List Price - $1,005,000
Average Sold Price - $892,000
List price to Sold Price Ratio - 90%

Higest Closed Listing - $2,550,000

Lowest Closed Listing - $215,000 (a short sale)

What does this mean to you?

If you have a listing in the luxury market, there is stiff competition with over 1/3 (almost 1/2!) of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings"). Listings in the upper price point are selling at a much slower rate than the lower price points and there are 3 years of inventory on the market (a sellers market is closer to 6 months). In order to be a viable listing, the price must be correct and the marketing top notch. Without both, listings are having a slow time moving. The GOOD sign is that properties are really moving, the inventory is down and the sales are up, so seller, things are looking up!

If you are on the hunt for a "bargain", they are out there, but they go quickly. Most foreclosures sell quickly and close to, or above list price. In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-). They will advise you as soon as a new property comes on the market or drops in price to be within your price range. They will also knows the special ins and outs of purchasing foreclosures. Properties are going faster than before, especially the well priced ones, now is the time to look before the market completely turns. Look at the market reports from earlier this year and you will see the trend in sales....

Check back next month for the Coral Gables September month in review!

Visit past Market Reports (scroll down once you click the link to see all)

Customized Monthly Market Reports delivered right to your email!

Bookmark with me your favorite listings on

FREE Customized Monthly Market Reports delivered right to your email!

Free HOME VALUATION!

Free MLS Search!

Call Janie at 786-252-4970!!

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Coral Gables Active Listings - 472 (down from last month)
203 are "luxury listings" (ie over $1,500,000) (down from last month)
35 are short sales (down from last month)
4 are foreclosures (less than last month)
Median List Price - $1,250,000 (up from last month)

Coral Gables Pending Sales - 99 (Up from last month)
12 are "luxury listings" (up from last month)
31 are short sales (up from last month)
20 are foreclosures (up from last month)

Coral Gables Closed Sales - 29 (up from last month)
6 were "luxury listings"
3 were short sales (up from last month)
2 were foreclsoures
Average List Price - $1,338,000
Average Sold Price - $1,121,000
List price to Sold Price Ratio - 87%

Higest Closed Listing - $5,500,000

Lowest Closed Listing - $630,000

What does this mean to you?

If you have a listing in the luxury market, there is stiff competition with over 1/3 (almost 1/2!) of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings"). Listings in the upper price point are selling at a much slower rate than the lower price points and there are 3 years of inventory on the market (a sellers market is closer to 6 months). In order to be a viable listing, the price must be correct and the marketing top notch. Without both, listings are having a slow time moving.  The GOOD sign is that properties are really moving, the inventory is down and the sales are up, so seller, things are looking up!

If you are on the hunt for a "bargain", they are out there, but they go quickly. Most foreclosures sell quickly and close to, or above list price. In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-). They will advise you as soon as a new property comes on the market or drops in price to be within your price range. They will also knows the special ins and outs of purchasing foreclosures.  Properties are going faster than before, especially the well priced ones, now is the time to look before the market completely turns.  Look at the market reports from earlier this year and you will see the trend in sales....

Check back next month for the Coral Gables August month in review!

Visit past Market Reports (scroll down once you click the link to see all)

Customized Monthly Market Reports delivered right to your email!

Bookmark with me your favorite listings on

FREE Customized Monthly Market Reports delivered right to your email!

Free HOME VALUATION!

Free MLS Search!

Call Janie at 786-252-4970!!

Want more news? Subscribe in a reader!

Coral Gables Active Listings - 561 (similar to last month)
    236 are "luxury listings" (ie over $1,500,000) (same as last month)
    52 are short sales (same as last month)
    10 are foreclosures (less than last month)
    Median List Price - $1,175,000 (up from last month)
 
Coral Gables Pending Sales - 80 (Way Up from 40 last month)
    6 are "luxury listings" (same as last month)
    19 are short sales (up from 15 last month)
    14 are foreclosures (up from 8 last month)

Coral Gables Closed Sales - 10 (down almost 66% from last month)
    3 were "luxury listings"
    1 was a short sale (down from 4 last month)
    0 were foreclsoures
    Average List Price - $2,388,000 (three times as high as last month)
    Average Sold Price - $2,082,000 (three times as high as last month)
    List price to Sold Price Ratio - 89% (same as last month)
    Higest Closed Listing - $12,900,000, a short sale (up from $2,500,000 last month)
    Lowest Closed Listing - $440,900 (up from $123,000 last month)

What does this mean to you?  

If you have a listing in the luxury market, there is stiff competition with over 1/3 of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings").  Listings in the upper price point are selling at a much slower rate than the lower price points and there are 6 years of inventory on the market (a sellers market is closer to 6 months).  In order to be a viable listing, the price must be correct and the marketing top notch.  Without both, listings are having a slow time moving.

If you are on the hunt for a "bargain", they are out there, but they go quickly.  Most foreclosures sell quickly and close to, or above list price.  In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-).  They will advise you as soon as a new property comes on the market or drops in price to be within your price range.  They will also knows the special ins and outs of purchasing foreclosures.

Check back next month for the Coral Gables May month in review!

Visit past Market Reports (scroll down once you click the link to see all)

Customized Monthly Market Reports delivered right to your email!

Bookmark with me your favorite listings on

FREE Customized Monthly Market Reports delivered right to your email!

Free HOME VALUATION!

Free MLS Search!

Call Janie at 786-252-4970!!

Want more news?  Subscribe in a reader!

Coral Gables Active Listings - 601 (same as last month)
    238 are "luxury listings" (ie over $1,500,000) (same as last month)
    48 are short sales (same as last month)
    15 are foreclosures (same as last month)
    Median List Price - $996,000 (same as last month)
 
Coral Gables Pending Sales - 47 (same as last month)
    6 are "luxury listings"; one is a short sale (same as last month)
    15 are short sales (same as last month)
    8 are foreclosures (down from 1/4 from last month)

Coral Gables Closed Sales - 28 (up almost 50% from last month)
    5 were "luxury listings" (up nearly 50% from last month, 1 short sale)
    4 were short sale (up from 1 last month)
    9 were foreclsoures (up from 6 last month)
    Average List Price - $887,000 (up $100,000 from last month)
    Average Sold Price - $750,000 (up $75,000 from last month)
    List price to Sold Price Ratio - 90% (same as last month)
    Higest Closed Listing - $2,500,000, a short sale (up from $1,900,000 last month)
    Lowest Closed Listing - $123,900 (a foreclosure) (down from $189,000)

What does this mean to you?  

If you have a listing in the luxury market, there is stiff competition with over 1/3 of all listings in Coral Gables in the top 10% of Miami-Dades' pricing ("luxury listings").  Listings in the upper price point are selling at a much slower rate than the lower price points and there are 6 years of inventory on the market (a sellers market is closer to 6 months).  In order to be a viable listing, the price must be correct and the marketing top notch.  Without both, listings are having a slow time moving.

If you are on the hunt for a "bargain", they are out there, but they go quickly.  Most foreclosures sell quickly and close to, or above list price.  In order to have the best chance of snatching one of these deals up, work with an experienced Coral Gables Broker who is comfortable with foreclosures (like me, hint hint ;-).  They will advise you as soon as a new property comes on the market or drops in price to be within your price range.  They will also knows the special ins and outs of purchasing foreclosures.

Check back next month for the Coral Gables March month in review!

Visit past Market Reports (scroll down once you click the link to see all)

Customized Monthly Market Reports delivered right to your email!

Bookmark with me your favorite listings on

FREE Customized Monthly Market Reports delivered right to your email!

Free HOME VALUATION!

Free MLS Search!

Call Janie at 786-252-4970!!

Want more news?  Subscribe in a reader!