Market trends

What's the value of a home in Coral Gables?

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.

It's a buyer's market in Coral Gables

We are in a buyer’s market in Coral Gables. More houses dropped prices than were sold this past month of September 2018, which means we have turned a point and we are now in a buyer’s market. Expect prices to continue to drop. This is great news for buyers, since the lower prices are making up for the fact that interest rates have been rising.

If you wish to sell your home in Coral Gables, it is now more important than ever to price your home for sale correctly to have any chance of selling anytime soon. Do not get saddled with carrying costs, which can be very substantial in our community. MMG at EWM Realty International has the most competent pricing experts in the real estate industry to help you price your home correctly so that it can sell.

Read about pricing in our blog titled “What is the value of a home in Coral Gables?”