Why Live in Coral Gables
The South Florida city of Coral Gables sits between vibrant downtown Miami and the 1.5-million-acre natural wonderland of the Everglades. Developer George Merrick in the early 1900s envisioned the city as a Mediterranean-style oasis. Today the city’s layout features a botanical garden and multimillion-dollar waterfront properties to the south, and historic homes, mature oak trees and canals to the north. Its tranquil streets brim with public art, orchid gardens and farmers markets. And the city’s park system, infrastructure and roster of corporate headquarters continue growing. With all of this, it is no wonder “The City Beautiful” has proven attractive. “Our very active residents include a lot of the who’s who from South Florida — former governors, Florida supreme court justices, Fortune 500 CEOs,” says Ariel Fernandez, city commissioner. “You’ll see people you know in coffee shops, in churches… The whole community comes together on a daily basis and welcomes new residents with open arms.” Coral Gables homes range from one-bedroom condos in central and northern districts – priced between $200,000 and $800,000 – to seven-bedroom mansions on the Biscayne Bay going for as much as
Home Trends in Coral Gables, FL
On average, homes in Coral Gables, FL sell after 93 days on the market compared to the national average of 50 days. The median sale price for homes in Coral Gables, FL over the last 12 months is $1,350,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$1,350,000
Median Single Family Sale Price
$2,199,500
Median Townhouse Sale Price
$1,952,500
Median 2 Bedroom Sale Price
$620,000
Median 1 Bedroom Sale Price
$375,000
Average Price Per Sq Ft
$877
Number of Homes for Sale
255
Last 12 months Home Sales
384
Median List Price
$1,490,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
21%