I’ve compiled the sales terms data of the past twelve months for single family home sales in Coral Gables for all five home categories. You will find the data below analyzed in several formats.
If you are wondering what a Cash Only Sale is, read our blog post on the topic. Even more reading on Cash, Conventional and FHA in this blog post.
For more information on Coral Gables single family home categories, you can read the blog post Home Categories in Coral Gables Statistics and Data but for quick reference, here’s the bare bones info:
- Luxury Category – 8% -over $2,500,000
- Established Category – 19% – $1,000,000 – $2,499,999
- Foundation Category – 37% – $500,000 – $999,999
- MoveUp Category – 27% – $300,000 – $499,999
- Entry Category – 9% – under $300,000
For additional reading on Coral Gables Real Estate Market Reports, read our previous blog posts:
- Coral Gables Historic Home Year in Review Market Update
- Coral Gables Condo Categories Statistics and Data
- Coral Gables Home Categories Statistics and Data
If you’d like to be kept up to date, don’t forget to subscribe to our list below and if you’d like more personal data, please call me direct at 786-252-4970, talking Coral Gables Real Estate is my favorite thing to do!
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Article by Janie
Janie is past president of CREW Miami – Commercial Real Estate Women and has been in construction, real estate and development for 20 years. She has put to good use her degree in Marketing and Business from the University of Richmond in her love of marketing real estate. Having lived in such multi-cultural cities as Washington DC and Miami as well as in Europe, there was no better home in real estate than Sotheby's International Realty for Janie to reach an international audience interested in Miami real estate.
{ 1 comment… read it below or add one }
Very good breakdown of homes sales by financing terms, type of buyers and by month. I have never seen another agent analyze data like this….well done. On the left coast in my area, about 35% of all home sales are all cash investors, 50% are FHA and maybe 15% are conventional. We are heavy into first time buyers since most home owners are so far underwater they can't 'move up'.