Real Estate Market Report for Coral Gables - the City Beautiful The following is a market snapshot of real estate activity in Coral Gables as of March 19th, 2010:                         Active Listings (For Sale) - 473 Pending Listings (In escrow) - 91 Sold Listings (last 30 days) - 34 Of the Sold Listings, here is how the Days on Market (DOM) stack up:                             0 - 30 Days - 32% 31 - 60 Days - 10.4% 61 - 90 Days - 11.2% 91 - 120 Days - 5.6% 120+ Days - 40.8% Data is gathered from the SEF MLS and believed accurate, but not guaranteed. 03/20/2010

March 10th, 2010 Categories:Selling in Coral Gables This new construction home (built in 2008) sold this week at a price of $1,330,000.  Located near the University of Miami and The Biltmore, the home featured 6 bedrooms, 6 baths with 3,627 sq. ft. of living space on a 10,000 sq. ft. lot.   $360/square foot is a relatively high price for new construction right now.   Recent new construction homes in similar locations in the Gables have sold between $300 to $350 per square foot.   The address is 440 Vilabella Avenue and the broker was Coldwell Banker. If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here.  To receive a custom market snapshot of your current property just ... 03/10/2010

As you can see from the chart above (click to view larger) there is a large discrepancy between the price of homes for sale and the price of homes selling in Coral Gables.  The average price of homes on the market right now is $2,345,000 and the average price of homes sold in the beginning of 2010 was $740,000.   This shows that there is a large gap between what sellers are asking and buyers are willing to pay in Coral Gables.  (Keep in mind that there are some exceptionally high priced waterfront homes that are pulling up the average list price). If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here.  To receive a custom market snapshot of your current property just en... 03/09/2010

The Platinum Triangle is a very desireable location in Coral Gables.  Believe it or not, the prices in the Platinum Triangle start at $589,000.   Most of the homes in this area were built in the 1950's and updated, but there are a few new construction homes that have come on the market as well.  Check out a few properties currently for sale in The Platinum Triangle. 6710 Tarrega Street | Built In 2009 | 5 Bedrooms, 5 Baths | 4,274 Square Feet | 9,200 Sq. Ft. Lot | Asking Price: $1,599,000 | Broker is One Sothebys 701 Coronado Street | Built in 1956|  4 Bedrooms, 3 Baths | 3,440 Square Feet | 19,422 Sq. Ft. Lot | Asking Price: $1,197,000 | Broker is ReMax Other properties for sale in the Platinum Triangle of Coral Gables include: 720 Coronado Avenue 5 Beds/4 Baths, $1,200,000 7020 Minde... 03/09/2010

We all know that most condominium buildings in South Florida have taken a big hit in the market crash.   But in Deering Bay, most of the units on the market are now asking much more than they sold for just a few years ago. When doing some research for a client, I noticed that the owners of Unit #1001 in the Verona building are acutely aware of the market conditions.  They purchased the property for $1,378,000 in 2006 and are now asking $1,099,000.   The unit is updated with ebonized mahogany wood floors, silhouette and black out shades, new appliances, crown moldings and many more special features.  The unit has wonderful views of the Deering Bay Lagoon and golf course.  Other details include: 2,740 square feet of living space and 4 bedrooms, 3 baths.  Broker is Miami Real Estate. As I... 03/05/2010

JUST LISTED = 333 Palermo Avenue, Coral Gables, Florida 33134 $885,000 - Professional office building on one of the prettiest streets in Coral Gables.  This property currently provides 3 spacious executive offices, glass enclosed conference facility, 4 work stations and an impressive reception area.  Sufficient parking ofr up to 3 vehicles is conveniently located at theback of the building with plenty of street parking for guests.  Great curb appeal.  This is a seller's sacrifice and a solid investment.  For a private viewing or additional information contact listing agent Monica LoMonaco 305-215-5564, Chairman's Club, EWM Realtors, Coral Gables, Florida. Year Built 1952 SF 1,960 Lot size 25 x 100 Includes land and building 03/02/2010

  FOR IMMEDIATE RELEASE Media Contact: Michael Mut 786.426.2277 mmut13@gmail.com Miami, FL, February 15, 2010 — Since 2002, the Furniture Exchange has been serving the Coral Gables, Pinecrest, Coconut Grove and Key Biscayne communities as an upscale furniture consignment store. On Thursday, February 25, from 6 to 9 p.m., the store will serve wine and cheese to new and loyal customers at a special event. Located at 6020 South Dixie Highway, Miami, FL, 33143, the Furniture Exchange  will host an evening of wine, cheese, fine furniture, home accessories and art on consignment. “We hope to create an increased awareness of our store and our services with this event,“ says proprietor Miriam Gilmore.  “We invite the public to get to know us and learn more about our all  of the different, uniqu... 02/17/2010

Edgewater Drive is located at the mouth of the Coral Gables Waterway.  As far as real estate goes, there is something for everyone on this street.  You can find inexpensive non-waterfront condos on the north side of Edgwater and $16,000,000 penthouses on the south side. Talking with residents of Edgewater Drive they tell me that they love the street for its proximity to Coral Gables and Coconut Grove.  The street also has a very residential feeling.  It is lined with trees and sidewalks, and is just steps from the recently renovated Sunrise Park.   The street is a haven for joggers and cyclists (including myself) on the weekend who try to avoid the traffic found on Ingraham Highway. If you are in the market for condos in Coral Gables you should check out what is available on Edgewater ... 02/16/2010

Taking a look at the below numbers you will see that Gables Estates still remains the premiere gated community in Coral Gables with an average list price per square foot of $1,328.00 and sale price per square foot of $856.00.  If you want to be in a gated community for good value you should check out Gables By The Sea.  The homes in Gables By The Sea are priced at $448.00 per square foot and sell for an average of $375.00 per square foot. Snapper Creek Lakes There are 14 homes for sale in Snapper Creek Lakes.  They range in price from $1,799,000 all the way up to $12,500,000.  The average list price per square foot is $614.00.   There was one home sold in Snapper Creek Lakes in 2009 and it sold for $2,100,000 at a sale price per square foot of $384.00.  There have been no closed sales ... 02/12/2010

02/10/2010

Snapper Creek Lakes is a prestigious gated community in the city of Coral Gables.   The entrance sits across from Fairchild Gardens on Old Cutler Road.  Snapper Creek Lakes has a bay access marina, 24 hour gated security and high end homes with acre+ estates ranging in price from $1,699,000 to $12,500,000.   The community sits within the highly desirable Pinecrest/Palmetto school district.  The average list price per square foot is $595.00 currently in Snapper Creek.  There was only 1 closed sale in Snapper Creek in 2009, it was a 5,469 square foot home on a 57,499  square foot lot with 5 bedrooms, 5.5 baths.  The home was on the market for 5 months and after 4 price reductions it sold for $2,100,000 (original list price was $3,900,000).   EWM was the listing and buying broker for the ... 02/05/2010

Homes in the Golden Triangle area sell at a premium due their prime location within Coral Gables.  There is a new property currently on the market in this exclusive area.   The home is located at 630 Escobar Avenue and features 4 bedrooms, 3 baths with 3,764 square feet of living space on a 10,500 square foot lot.  Other special features include wood beamed ceilings, marble floors, a master suite upstairs with walk in closets and large master bath.  The home has a lush pool and patio area and is within walking distance to the Biltmore Hotel and Golf Course.  The asking price is $1,195,000 and is listed by EWM Realtors, Inc. For a list of homes for sale in the Golden Triangle of Coral Gables, click here. If you are interested in buying or selling real estate in Coral Gables please feel f... 02/02/2010

Coral Gables Foreclosure | 4114 San Amaro Drive | Sale Price: $601,000 In 2009 there were 53 single family foreclosure homes that sold in Coral Gables.  Of these homes, the average selling price was $368,882 with an average sales price per square foot of $170.00.  To put these numbers into perspective, the average sales price of a non-distressed home in Coral Gables (2009) was $987,687 at an average sales price per square foot of $284.00. As would be expected the sales price to list price ratio for foreclosure homes in Coral Gables is 96% whereas the ratio is only 90% for non-distressed homes.  In layman's terms, the foreclosure homes sold much closer to the asking price than the non-foreclosures.  This is due to the fact that the properties are already heavily discounted when they hit... 02/01/2010

Moving Company Coral Gables Fl Packing Moving Storage Company ..........(305) 443-0124 Visit Our Website: Coral Gables Movers We are local Coral Gables movers serving Coral Gables all of Dade County Fl. We perform local relocation home moving in Coral Gables Florida of all types including single family homes, apartments, condos and college students living in University housing. Our Coral Gables Fl moving and storage rates are fair and reasonable. We offer in home moving quotes in Coral Gables which includes flat rates for the total move. We are local relocation home movers serving Coral Gables Fl. We perform local moving services of all types including single family homes, apartments, condos and college students living in University housing. Professional Local Movers in Coral Gables Fl... 01/09/2010

I think many people were surprised after yesterday’s post to learn that Coconut Grove home values dropped 15% in 2009.  I did a quick analysis of the Coral Gables market for 2009 and thought some of you might be interested to see how we compared to the City Beautiful.  It wasn’t just Coconut Grove that was hit hard, see the stats for Coral Gables below. Coral Gables 2009 Real Estate Market Review The total number of homes sold in Coral Gables in 2009: 347 (308 in 2008) Average “sales price per square foot” in 2009: $284.00 ($309.00 in 2008) Average sales price in 2009: $987,687 ($1,042,585 in 2008) For those of you who missed yesterday’s post, Coconut Grove 2009 Real Estate Market Review. To view all homes for sale in Coconut Grove, click here. To view all homes for sale in Coral Gable... 01/05/2010

  This Historic Home in Coral Gables could be yours, the OLDEST standing residence in Miami-Dade County! Live in history! This farm house, built over 20 years BEFORE George Merrick developed Coral Gables, has been lovingly maintained true to the original builders design, including claw-footed tub and tin ceiling!  Built in 1899, the house was the homestead to avocado and mango grower, Arthur Lang, who bought the 10 acres from Miami founder, Julia Tuttle.  Lang sold the home to the Morton Adams in 1934 who renamed the street running up to the his property line at Old Dixie Highway (US 1), Maynada Street, after their daughter, Mayna.  This lovely home has been owned by the same owners, Peter Zorn Jr and his wife Kathleen Smith Zorn for over 30 years now.  They have it decorated and furnis... 12/27/2009

What Does "REO" Mean? Real Estate Owned. It's the term the banks use to identify their foreclosure properties. What Is "Foreclosure"? A procedure whereby property pledged as security for a debt is sold to pay the debt in event of default in payments or terms. If a homeowner with a mortgage on their property fails to make payments on that loan, then the lender will file a law suite to take back the property for non-payment of the loan. This action is called foreclosure. How Can I Find Foreclosure Properties? There are many services available where for a fee you receive foereclosure listings periodically. Some websites offer these listings for free. How Does The Bank Decide What To Sell A Foreclosed Property For? Keep in mind that the bank wants to sell the home for as much as it can. Alt... 12/15/2009

     Lynn Cromer & Robin Parker are real estate sales and marketing professionals for Coldwell Banker in beautiful Pinecrest, Florida. For more information on Pinecrest, Florida or the communities of Coral Gables, Palmetto Bay and Coconut Grove, Lynn can be reached at 305-962-4068, Robin at 305-546-0447, by email at info@WeSellMiami.com or online at www.WeSellMiami.com. 11/18/2009

10/27/2009

    ARE YOU LOOKING FOR A DEAL LIKE THIS? I CAN HELP!! BEAUTIFUL REMODELED OLD SPANISH 5 BLOCKS FROM CORAL GABLES.ORIGINAL WOOD FLOORS,WITH BRAND NEW WOOD,KITCHEN AND STAINLESS STEEL APPLIANCES.MARBLE BATHROOM AND KITCHEN FLOORS.THIS HOUSE HAS BEEN RESTORED TO ITS ORIGINAL BEAUTY WITH A SUNROOM THAT IS RARELY SEEN IN MIAMI.IT HAS 13 FT CEILINGS THROUGHOUT THE LIVING AREA WITH A ANTIQUE FIREPLACE FOR LOTS OF CHARM. SOLD FOR $183,000.00. IF YOU ARE INTERESTED IN GETTING THE MOST FOR YOUR MONEY FOR YOUR REAL ESTATE PURCHASE, PLEASE CALL ME AT 305-801-7347 10/12/2009