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 … hechtman.a@gmail.com – Vicki Restivo … RestivoMiami@gmail.com
