Hello and Welcome to Miami!
I have designed this website with you in mind, filling it with helpful information. Visit often to search for properties with my user-friendly real estate search solution, get details on schools all over Dade County, spend time reading my blog, or explore to find so much more!
550 South Dixie Highway
Coral Gables, FL 33146
The past few years have been such an unsteady time in the real estate market that is has left people guessing how much our market is really down. So I want to give you a glimpse at what has really transpired, in terms of our home values. Below is a breakdown evaluating the average sold price per square foot of a home during the month of August over the past three years. This week I am investigating Coral Gables and Coconut Grove, in the price range between $800,000 and $1,250,000.
Coral Gables – average price/square foot:
August 2007 – $336
August 2008 – $312
August 2009 – $298
Coconut Grove – average price/square foot:
August 2007 – $333
August 2008 – $298
August 2009 – $284
You can see that there is a great difference between values in 2007 and 2009, but we have seen a shift recently with people buying again, and prices stabilizing. I am hopeful that within the next couple years, we will begin to see these numbers start to inch up again.