Your Real Estate Market Update
Coral Gables, FL
Single-Family Homes
Maria Murdock | 305.815.9425
Coral Gables, FL
Fri Sep 20 2019
This week the median list price for Coral Gables, FL is $1,596,500 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 372.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $1,596,500 | |
| Per Square Foot | $488 | |
| Days on Market | 220 | |
| Price Decreased | 40% | |
| Price Increased | 1% | |
| Relisted | 8% | |
| Inventory | 372 | |
| Median House Rent | $2,625 | |
| Most Expensive | $29,900,000 | |
| Least Expensive | $298,000 | |
| Market Action Index Slight Buyer's Advantage | 27 |
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,499,000 | 6,285 | 0.5 - 1 acre | 6 | 7 | 22 | 2 | 0 | 306 |
| $2,100,000 | 4,239 | 0.25 - 0.5 acre | 5 | 5 | 45 | 3 | 2 | 251 |
| $1,249,000 | 2,846 | 0.25 - 0.5 acre | 4 | 3 | 64 | 4 | 6 | 193 |
| $699,000 | 1,696 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 6 | 5 | 129 |