One of the most common questions we are asked is, “What is the value of a home in Coral Gables?” The short answer is $444/sq.ft. The better answer starts with a question – What is your home’s market segment?
The price per square foot ranges from $359/sq.ft. for homes worth under $1M to $743/sq.ft. for homes worth over $3.5M – a factor of more than 2X. Homes worth between $1M and $1.5M are worth $399/sq.ft. while homes worth between $1.5M and $3.5M are worth $469/sq.ft.
Coral Gables is a Beautiful community and there is much to offer to a very wide spectrum of buyers. We have a full range of homes, from smaller homes in North Gables to the most exclusive large estates on the water in Gables Estates and many options in between. We have identified a dozen different market segments and each segment has its own pricing dynamics. When buying or selling a home, it is important to understand the market position of the home and of its market segment.
We can help you better understand the market dynamics in your target market segment. We will update pricing information in this Coral Gables blog on a regular basis. You may also call 305.815.9425 to discuss the pricing of your particular home.