Miami real estate news and information

The Restivo Report: Miami Real Estate – Coral Gables – Price per Square Foot – 2013

The Restivo Report – Second quarter 2013 – Coral Gables:

“Single family homes  in Coral Gables are selling for $366.87 per square foot  (Average Sold Price) over the first and second quarters of 2013.

Most are selling within 5-10% of the original list price.

Homes valued below $1 million,  sold (on average)  for $242 per square foot as of January 2013 … The average sold price jumped to $297 per square foot in August 2013.

For homes priced between $1 – $2 million,  they sold (on average) for $323  per square foot back  in January.  As of August 2013 the average sold price reached $380 a square foot.

With inventory declining, Miami is seeing an upturn in competitive bidding.

Coral Gables had 5 months of available inventory (in August 2013)  …  7.5 months of available inventory in January 2013.”

If you are considering  buying or selling property in Miami, please give The Restivo Hechtman Team at EWM Realty Int’l a call 305 632-0164 or  305 793-1365   … We are ready to help you make the most of this market.

Alexandra Hechtman … [email protected]           –         Vicki Restivo …  [email protected]

 

To receive my blog posts directly to your inbox, click here to subscribe.