Home > Coral Gables Real Estate Market
Winter 2020 Market Update
Prices have stabilized in Coral Gables. The well priced and updated homes are selling within days of coming on the market.
Average Sold Home Price: $750,000

Average Time on Market: 90-120 days

Best Selling Price Range: $600,000 - $649,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Increasing

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: No Change

Seller Activity for the past 90 days: No Change

Multiple Offers? Yes

Multiple Offers Commentary: great condition properties priced to sell could get multiple offers. We have a limited supply of inventory. All price ranges are selling well.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: condo financing remains an issue. Most condo sales are cash sales, due to many investors and limited financing, although it is improving from last year.

Housing Inventory: Limited Supply

Housing Inventory Comments: The amount of short sales and foreclosures currently available is less than 5% of the market in Coral Gables.

Greatest Activity: Repeat Buyers

Best reason to buy or sell: A great and stable community and competitive interest rates creates a perfect time to buy in Coral Gables!

Nearest Metro Area: Miami

Housing Hot Spots: Schenley Park and Blue Road areas just west of SW 57 Ave are selling well.

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Mortgage Rates for Jan 28th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Linda Tartak ABR CIPS CRS GRI Linda Tartak ABR CIPS CRS GRI
Coldwell Banker
Specializing in Coral Gables Real Estate
1500 San Remo Avenue
Coral Gables, Florida 33146
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Linda Tartak ABR CIPS CRS GRI for current Coral Gables, FL market conditions before acting on this information.)
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