Coral Gables, FL Real Estate News

Originally posted on my Miami Condo Blog on 9 September 2007. With the news abuzz with tales of nightmarish situations for both real estate owners and real estate developers in the metropolitan Miami area, it's worth nothing that highly desirable areas can be relatively immune to deteriorating market conditions.In the greater Miami area, one example of a resilient area is Coral Gables. Sales data indicates that the average selling price in Coral Gables rose from $1.2 million to $1.4 million, posting a $200,000 increase. During the same period, the greater Miami market posted declining numbers. What makes Coral Gables different?First off, Coral Gables isn't alone, and, the factors that make certain communities immune to a shaky market aren't hard to trace. Consider Coral Gables:Coral Gab...
Comments 0
By Mery Lorenzo, Real estate with success!
(The Coopers Hawk Company, LLC)
Coral Gables' real estate statistics for the last week of August:SINGLE FAMILY HOMES (entered 8/26/07 - 9/01/07): New homes on the market: 15Number of homes entering escrow (pending sale): 0Number of homes closing escrow (sold): 0Number of listings expired/cancelled/ market/withdrawn/terminated:1CONDOS/TOWNHOMES/VILLAS (entered 8/26/07 - 9/01/07):  New condos/townhomes/villas on the market: 10 Number of condos/townhomes/villas entering escrow (pending sale): 0 Number of condos/townhomes/villas closing escrow (sold): 0Number of listings expired/cancelled/ market/withdrawn/terminated:2 To find the value of your home -or a home you are interested in buying- with a free, over-the-net home evaluation, please, visit: http://www.merylorenzo.comIf you would like a free list of h...
Comments 0
By Hector Lesende
(Internet Realty and Assoc)
 The city of Coral Gables is situated in Miami-Dade County in Florida, to the south-west of Miami. Famously is also referred to as simply "The Gables" and is best known for being the home to the University of Miami. It is located at 25 43' 42"N, 80 16' 16" W and has an area of more than 96 km sq. According to a recent estimate the city has a population of more than 42,000. The mean price of a Coral Gables home is about $900,000 dollars. Over 60% of Coral Gables residents earned a bachelor's degree or higher. Average household income is about $75,000 dollars. The average home age is 49 years old. The history of Coral Gables is comparatively new when compared to other cities in the United States. It was developed by George Merrick somewhere in the 1920's. Despite a relatively new history,...
Comments 2
By Monica Rich, Coral Gables Real Estate
(Berkshire Hathaway Florida Realty)
   Each year EWM assists hundreds of families making their move to South Florida. There are miles of wonderful beaches, a gentle climate and dazzling night life as well as year-round recreation, cultural activities and wonderful family attractions.  South Florida offers a thriving economy and an enviable way of life.  With a perfect lifestyle to offer, everyone is welcomed to South Florida.However, when moving to a new community it is difficult to know where to get answers for all your questions.  With 22 years of experience living in South Florida, I am available to help you through all phases of your move.  Ask me about homestead exemptions, flood zones, windstorm insurance, school boundaries or just simply "How do I buy a home?".   Miami is my hometown and I would be delighted to hel...
Comments 3
By George Tallabas, Idaho Real Estate
(RE/MAX Advantage)
Saddle up cowboys and cowgirls for we are Florida bound! And when you get there hookup with Janie Coffey, a licensed Realtor in South Florida. Before you get to South Florida make sure and log on to South Florida Horse Properties which is the gateway to South Florida Horse properties for the horseman. Papillon is a boutique real estate company founded by Janie and her partner Shelly Montalvo.  It's focus is in education, knowledge, support and growth.You say you don't want someone else's Florida Horse setup because your situation is unique and you need a custom built home, barn, corrals etc?  No problem, Papillon Redevelopment is a licensed and insured general contractor that will design, build and construction manage services for horse structures and facilities.Janie is member of the N...
Comments 7
Coral Gables is located just to the west of Coconut Grove and south part of Miami. The total number of residences is 204,782 with a total number of households of 73,932. The median age is 40.19 with a median income of $59,750. The temperature is great year round ranging from a low of 58 to a high of 92 degrees.The single family market consisting of single family homes is as follows. Their is 414 current listings on the market. Their is 226 closed sales since January 1, 2006. Their is 58 homes currently under contract and 169 properties have expired off the MLS system since the first of the year. This means in an average of six months these homes did not sell. Their have been 15 properties that have been withdrawn from the market.The single family market consisting of condominiums, townh...
Comments 1