The average selling price during the past 60 days in Coral Gables has been $1,076,000 (median $639,000) with an average selling price per square foot of $287 (median $264).  The average days on the market for these homes was 150 days.  More than 50% of them made price reductions before they sold.  Below is a sample of these homes.  Visit my Coral Gables Real Estate blog for daily news and opinions on the Coral Gables Real Estate market.  To view this post in its original form, click here. 500 Arvida Parkway | Selling Price: $10,500,000 | Under Construction 17,000 square feet of living space on a 42,000 waterfront square foot lot | For more details, click here | Broker: Avatar 120 Sans Souci Drive | Selling Price: $1,100,000 | I wrote about this house when it first came on the market, it... 09/16/2010

Are you interested in Buying real estate in Coral Gables, Florida? Have you considered the development called Antilla Place. You can find very nice deals in Antilla Place. This is your chance to make purchase at a fantastic low price. The real estate market in 2005 - 2006 took a dive and it has taken 4 years to stabilize. In many developments / communities in Coral Gables prices at record lows, in some cases lower than what they have been for 10 - 15 years ago.     Are you going to buy with a Mortgage?.... Interest rates that are very very low. If you would like to obtain a mortgage, we recommend that you contact a local mortgage professional that knows the Antilla Place market. We would be delighted to recommend a mortgage professional that can assist you. Please contact of our real es... 09/15/2010

Are you interested in Buying real estate in Coral Gables, Florida? Have you considered the development called Antilla Place. You can find very nice deals in Antilla Place. This is your chance to make purchase at a fantastic low price. The real estate market in 2005 - 2006 took a dive and it has taken 4 years to stabilize. In many developments / communities in Coral Gables prices at record lows, in some cases lower than what they have been for 10 - 15 years ago.     Are you going to buy with a Mortgage?.... Interest rates that are very very low. If you would like to obtain a mortgage, we recommend that you contact a local mortgage professional that knows the Antilla Place market. We would be delighted to recommend a mortgage professional that can assist you. Please contact of our real es... 09/15/2010

Are you interested in Buying real estate in Coral Gables, Florida? Have you considered the development called Antilla Place. You can find very nice deals in Antilla Place. This is your chance to make purchase at a fantastic low price. The real estate market in 2005 - 2006 took a dive and it has taken 4 years to stabilize. In many developments / communities in Coral Gables prices at record lows, in some cases lower than what they have been for 10 - 15 years ago.     Are you going to buy with a Mortgage?.... Interest rates that are very very low. If you would like to obtain a mortgage, we recommend that you contact a local mortgage professional that knows the Antilla Place market. We would be delighted to recommend a mortgage professional that can assist you. Please contact of our real es... 09/15/2010

Looking to Buy in a property in Coral Gables., then you should consider Andalucia. We are living at a moment in time that you can adquire properties at historic low price points. If you are looking or your personal use or for investment, there are homes and condos in Coral Gables that you can pick up at incredibly low prices.   If you need a mortgage to buy your home in Andalucia, then you should contact a local mortgage professional. There are a few mortgage brokers or banks locally in Andalucia that know the area and properties. Real Estate is a local business. We recommend that you work with professionals that are doing transactions in Coral Gables. They know the area.   Interinvestments Realty's website is one of the best online to search for properties. You can start doing your res... 09/14/2010

Looking to purchase a property in Admiral Farragut ?? Are you interested in buying for your personal use, the other is for investment. There are many buyers that are buying today that the prices in Coral Gables are low and renting them out. Admiral Farragut is offers are great location and properties that are desirable. The key is buying at the right price.     Are you going to buy with a Mortgage?.... Interest rates that are very very low. If you would like to obtain a mortgage, we recommend that you contact a local mortgage professional that knows the Admiral Farragut market. We would be delighted to recommend a mortgage professional that can assist you. Please contact of our real estate Associates at Interinvestments Realty.  Tel. 305-220-1101     Consult with Interinvestments Realty... 09/13/2010

There is a little known wonderful happening in Coral Gables the first Friday of every month. It's known as "First Friday Art Walk". It's an art walk centered around Coral Gables downtown, with all the galleries between Miracle Mile and Ponce de Leon Rd. During First Friday Art Walk, galleries in the area are open to the public with the Coral Gables free trolly providing transportation. Most of the galleries offer cheese and wine, and oftentimes some of the artists are even on hand to talk about their work..   Art Space / Virginia Miller Galleries               169 Madeira Ave| 305 444 4493Mon - Fri 11-6 / Sat by apptHumberto Castro. Traces of MigrationBooks & Books265 Aragon Avenue | 305 442 4408Mon - Sun 9 - 11 The neighborhood bookshop. Centro Cultural Español800 Douglas Road Ste 170 ... 09/05/2010

Philip Park Villas Condo Coral Gables PHILIP PARK VILLAS Philip Park Villas Condo Miami address 1650 Galiano St Coral Gables Fl. 33134 Philip Park Villas Condos About Philip Park Villas Condo Year Built: 2009 Number of Floors: 8 Number of units: 41 Sq. Ft. range: 756-2,049 Beds: 1-3 Baths: 1-3 Philip Park Villas Condo Amenities: - Well appointed lobby - Secured entrance - Pool - Assigned parking - Centrally located in Coral Gables Philip Park Villas Condo | Sale Rental Coral Gables 08/16/2010

There have been two closed sales since my last Cocoplum Market Update.  The first is located on Los Pinos Boulevard in the southern section of Cocoplum (non-waterfront).  This beautiful home came on the market back in January at an asking price of $6,250,000.  The owners just sold it for $4,500,000 which makes it the highest sale in Cocoplum all year.  The second home to sell in Cocoplum since my last market update is located at 286 Costanera Road.  The owners purchased the house in 2008 for $2,125,000 and sold it for $1,650,000 last month.  As I tell my clients, luxury real estate is at an all time low.  It is evident that homes in Cocoplum have not escaped the downturn. There are 50 homes for sale in Cocoplum ranging in price from $16,000,000 to $1,300,000 - to view them click here. A... 08/11/2010

  When you hear the word "waterfront" the first thing that most people think of are sweeping views of Biscayne Bay.  But in fact, Coral Gables offers three different types of waterfront homes: Bay Front, Canal Front and Lagoon Front.  Surprisingly of the 35 waterfront homes that have closed this year only 5 had views of Biscayne Bay.  Coral Gables - Bay Front Homes Aside from the homes located on North/South Prospect, East Sunrise Avenue and Sunrise Drive, most of the bay view properties in Coral Gables are located in gated communities such as Cocoplum and Gables Estates.  To view a list of homes that have views of Biscayne Bay, please click here. Coral Gables - Canal Front Homes The canal front homes can be further divided into those that have ocean access, those that have bridges to t... 08/11/2010

Looking to Buy in Coral Gables. We are living at a moment in time that you can adquire properties at historic low price points. If you are looking or your personal use or for investment, there are homes and condos in Coral Gables that you can pick up at incredibly low prices.     Are you going to pay cash for your property in Coral Gables? Or are you considering obtaining a mortgage? If you would like to purchase your property with mortgage financing, them you get pre-qualified for a mortgage before you start looking at real estate. If you don't know anyone that is local in Coral Gables, then feel free to contact one of our real estate sales agents in Interinvestments Realty, we will connect you with a mortgage expert that knows and has financed properties in Coral Gables.     You can s... 07/27/2010

To view this post in its original form, visit my Coral Gables Real Estate Blog.  Coral Gables has more "Old Spanish" style architecture than anywhere in South Florida.  In fact, it is hard to drive down a street in the Gables that does not have at least one Old Spanish home or building.  People seem to gravitate towards them because they are so charming and have a feeling of warmth that other styles do not.   Characteristics of Old Spanish architecture include stucco walls and chimneys, low pitched barrel tile roofs, arched windows, arched hallways, courtyards, terra cotta flooring and accents, iron trim, double hung windows and canvas awnings.   To view a list of several Old Spanish style homes that are currently for sale in Coral Gables, click here. If you are interested in buying or... 06/29/2010

1. Minimize The Damage To Your Credit A Short Sale will affect your credit but not as detrimental as a Foreclosure will. A Foreclosure comes with a Final Judgment which remains on your credit report for 7 years. A Short Sale usually is reported as a “settled” account on your credit report. By maintaining prompt payments on other credit lines and diligently working on improving your credit score, you may be able to rebound to a decent credit score within a couple of years. 2. Your Personal Well Being Experiencing a Foreclosure can be emotionally disheartening. The feeling of losing your home to the bank or possible eviction by a bank can lead to many sleepless nights or even tension within your family. Living with the effects of the Final Judgement or Foreclosure on your credit report fo... 06/26/2010

To view this post in its original form, please visit my Coral Gables Real Estate blog.  Coral Gables has more "Old Spanish" style architecture than anywhere in South Florida.  In fact, it is hard to drive down a street anywhere in the Gables that does not have at least one Old Spanish home or building.  People seem to gravitate towards them because they are so charming and have a feeling of warmth that other styles do not.   Characteristics of Old Spanish architecture include stucco walls and chimneys, low pitched barrel tile roofs, arched windows, arched hallways, courtyards, terra cotta flooring and accents, iron trim, double hung windows and canvas awnings.   To view a list of several Old Spanish style homes that are currently for sale in Coral Gables, click here. If you are interes... 06/25/2010

  STOP :  Listen clearly... this has only been approved by the House.  The Senate still needs to approve this.   The House has passed another temporary extension for Flood Insurance. Let me repeat, (because of the misleading posts about the Tax Credit from last week ) a temporary extension has been approved by the House, good through September 30th, 2010.  The Senate still needs to vote on this extension. The program has been suspended since May 31st, 2010. Many of us in the real estate world know how important this is.  But why is the government having such a hard time coming together on this, or at least adding the appropriate provisions in order for this to work. This issue has stopped 1,000's of closings from taking place lately and or putting many in jeopardy that live in flood are... 06/23/2010

In fact anything is better than a foreclosure, but specifically a short sale is an excellent option because you have both parties working to accomplish the same goal. This scenario is a win win for both parties after the likelihood of modificaion false thru. This is the case the majority of the time. The benefits to the buyer allows the them to get a fesh start sooner than later. It will minimize damage to your credit and allow that same homeoner to purchse again in 2-3 years. Lenders prefer a short sale than to foreclose. They are not in the real estate business. They lose money foreclosing on homeowners. Which is why they would rather short sale than foreclose. Plus the rate of return is greater in a short sale than in a foreclosure. 06/19/2010

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided now more than ever. Your lender does not want your property and would rather have the homeowner find a solution so they do not have to foreclose. The options available are many, including but not limited to short sale. Following is a brief explanation of these solutions: Reinstatement A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.Forbearance or Repayment Plan A forbearance or repayme... 06/19/2010

Villas at Santander Coral Gables  Villas at Santander Coral Gables address615 Santander Ave Coral Gables Fl. 33134 Villas at Santander Coral Gables About Villas at Santander Coral Gables Year Built: 2004Number of Floors: 3Number of units: 5Sq. Ft. range: 2,051-2,431Beds: 3-4Baths: 2-3Villas at Santander Coral Gables Amenities:- Secured entrance- Assigned parking- Centrally located in Coral Gables 06/16/2010

Villa Florini Condo  Villa Florini Condo Coral Gables address101 Sidonia Ave Coral Gables Fl. 33134 Villa Florini Condo Coral Gables About Villa Florini Condo Year Built: 2006Number of Floors: 8Number of units: 38Sq. Ft. range: 1,128-1,495Beds: 2-3Baths: 2Villa Florini Condo Miami Amenities:- Secured entrance- Well appointed lobby- Gym- Party Room- Assigned parking- Centrally located in Coral Gables 06/16/2010

Villa Capri Condo Villa Capri Condo Coral Gables address 1205 Mariposa Ave Coral Gables Fl. 33146   Villa Capri Condo Coral Gables About Villa Capri Condo Year Built: 1970 Number of Floors: 4 Number of units: 96 Sq. Ft. range: 801-2,117 Beds: 1-3 Baths: 1-2 Villa Capri Condo Miami Amenities: - Secured entrance - Well appointed lobby - Pool - Gym - Party Room - Assigned parking - Centrally located in Coral Gables 06/16/2010