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Market Conditions in Coral Gables : Real Estate Advice

  • All166
  • Local Info7
  • Home Buying31
  • Home Selling4
  • Market Conditions7

Activity 17
Tue May 19, 2015
Steve Perez answered:
Are you looking for these to buy, or just to get an idea of cost?
0 votes 3 answers Share Flag
Mon Mar 16, 2015
Alfonso Llanes answered:
From what I understand an average is about 180 sq ft. but again, every builder is different.
0 votes 3 answers Share Flag
Mon Mar 16, 2015
Alfonso Llanes answered:
I believe that homes should be priced accordingly so that this type of situation does not happen and you can sell the property in 1/2 a month maximum.

Thanks
0 votes 20 answers Share Flag
Wed Dec 3, 2014
Annette Lawrence answered:
Does the data from your MLS show the same trend for Coral Gables?

Everything points to 2015 being a good year for those who currently own real estate.
1 vote 1 answer Share Flag
Thu Nov 6, 2014
Gabriela Cejnarova, PA answered:
Hi Eric,

I cannot locate this apartment in the active listings, did you try the "request info" link on the website?
The only active apartment in that complex is unit # 301 for $170,000. If you need help with searching other apartments in your desired price range do not hesitate to contact me.

Gabriela Cejnarova
RealtorĀ®- Real Living First Service Realty
754-204-6791
g.cejnarova@gmail.com

http://www.realliving.com/Gabriela.Cejnarova
... more
0 votes 1 answer Share Flag
Wed Oct 29, 2014
Claudia Goes answered:
Anne, good morning. I'm going to Miami 20 days here with my kids (4,13,15 years) and would like something close to Coral Gables for rent approximately US $ 1.000..consegue help me? Grateful. Claudia ... more
0 votes 2 answers Share Flag
Mon Aug 4, 2014
Javier Olmedo answered:
Maria,

Exclusivity and privacy are synonymous with Tahiti Island. This is an area many don't know about and it is a hidden gem within Coral Gables.

Javier Olmedo
Keller Williams Realty ... more
0 votes 2 answers Share Flag
Tue Jul 8, 2014
Stephanie Leon answered:
Hi Maria,

Tahiti Beach is an exclusive section within Cocoplum in Coral Gables. It is a community within a community.

This is the ultimate luxury neighborhood in Coral Gables/Miami with only 20 homes in this unique private community. You can only access it through a guarded entrance and with security. Privacy with ocean views is the key element for this community. Many Miamian don't even know about this neighborhood.

Average home value is $18.4 mil and Average Rental is $31,500 per month.

The homes are on the bay with amazing views and architect...

Currently only 1 home is available for rent and sale in this community

Sale: http://www.realtyempire.net/homes-for-sale-details/24-TAHITI-BEACH-ISL-RD-CORAL-GABLES-FL-33143/A1733840/39/#.U7zDGInD_IU

Rental : http://www.realtyempire.net/homes-for-sale-details/24-TAHITI-BEACH-ISLAND-CORAL-GABLES-FL-33143/A1940364/39/#.U7zC0YnD_IU

If you would like to know more feel free to contact me.

Stephanie Leon
Real Estate Broker
Realty Empire

www.realtyempire.net
... more
0 votes 1 answer Share Flag
Mon Apr 7, 2014
Jacqueline Nurse answered:
Hi Maria! What information do you need in regards to the property. Please contact me to provide information on this and any other property available in your desired area


Jackie Nurse
Real Living FSR
305-609-1232
nursejackiehomes@gmail.com
... more
0 votes 1 answer Share Flag
Sun Jun 30, 2013
Henry Billete answered:
Hello Stanly,

Give me a call sometime and I will refer you to our in house financing broker.

Thanks,

305-890-9796 - Direct Line
0 votes 2 answers Share Flag
Mon Jun 24, 2013
Stanlymordy asked:
This question was asked from http://www.trulia.com/property/3056771544-24-Tahiti-Beach-Island-Rd-Coral-Gables-FL-33143
0 votes 0 Answers Share Flag
Sun Sep 26, 2010
Carli Parrish answered:
Hi Ana,

I would strongly suggest you get in touch with a local agent, they will be able to help you.


Thanks
0 votes 3 answers Share Flag
Fri Jan 8, 2010
Robin Silverberg answered:
It is more likely that foreclosures are affecting it, although not killing it, than short sales. Short sales, except on properties that are in terrible condition that no one really wants, pretty much go close to market value. There are a variety of things that have affected prices, all coming together at the same time. Job losses causing people to go into foreclosure, changes in the economy, tightening of lending guidelines, which is not a bad thing, by the way, and surely a host of other issues. Too many people getting greedy was a bad thing as well. The places that are affected the most are the ones where the most number of people are out of work,. as well as where the greatest number of investors were buying, Florida being one of them. In Florida, aside from the fact that there were investors thinking they could put money down on contract in a new development, and flip it before they have to close, there were many people who were able to get high loan-to-value loans on second homes without showing income. Once they couldn't make a profit off them, or found that they couldn't make the payments on this as well as their primary residence, they couldn't continue to pay their loans. ... more
0 votes 7 answers Share Flag
Mon Jul 27, 2009
Shelly Montalvo answered:
Hello Alex,

As mentioned by a few of the other realtors, these houses are normally full of charm and character. At this moment, I have a buyer under contract for a Spanish style house, I have listed and sold Spanish style houses and I am about to list another one this week.
When it comes to the house being a smart investment, I cannot say yes or no to this until I know the house and what you plan to pay for it. In my opinion, no house is a smart investment if you over pay for it. Also, as you mention, many of these houses are older, so definately do your inspections diligently.
Myself and my business partner Janie, are both brokers, we have our office in the Gables, I live in the Gables and the majority of our clients are looking or selling in the Gables. Don't hesitate to give me a call or send me an email if you have any other questions. Both Janie and I will be happy to help you with any concerns you have. Have a great week!

Shelly
... more
0 votes 10 answers Share Flag
Mon Jun 2, 2008
Wenceslao Fernandez Jr answered:
Stephan, I've been to your great and beautiful city and know how expensive it is. Though Coral Gables does not offer the water views you may be enjoying there, it is an old and well established city.

It has a seaside section East of US1 (a main highway - not an expressway) which contains multi-million dollar estates. Coral Gables hosts the University of Miami and contains many charmers built in the 20's and 30's with wood floors (a feature you may enjoy) and Spanish look for added flair.

Property taxes in this city are a bit higher, but the city is well groomed, well policed and provides parks, library, etc.

An investment made in this city (if properly done, of course), will yield great results for you over time. Prices in this area typically hold well and the area's prestige is well recognized.

Not far (within about 3 miles - even less, depending on where you stand), are Coconut Grove and Pinecrest, both also offering great homes, great prestige and great opportunities.

Hope this helps and happy hunting. Meanwhile, to find out more about this or any other neighborhood around the country, visit http://miamirealestateking.com/9404/dsp_agent_page.php/54873/NEIGHBORHOOD_INFO/MiamiDade_County_Neighborhood_Information.

Wenceslao Fernandez Jr, BS, CDPE
... more
0 votes 8 answers Share Flag
Sat May 31, 2008
Wenceslao Fernandez Jr answered:
As you may know, There are a number of factors that may affect the DOM (Days on Market) or time frame it takes to sell any property.

Consider the condition of the property, obviously the location (proximity to rail road tracks, US1, etc), and all the obvious factors.

However, today's market seems to have become a price and beauty contest. Though other factors affect it, price is a function of market conditions and property condition for the most part. In today's market, a properly priced home is one that is among the lowest and requires the least repair compared to a similar homes in the area.

Time on market therefore, is a function of price. If the property is priced at the upper tier, even if no repairs are necessary and it is the best looking one on the subdivision, it may not get shown much, if at all.

Your motivation to sell will play a big part in the equation as well. If you purchased the house since 2003, you may or may not recover your investment and, depending on your original down payment (and even if you refinanced since the original purchase during that same time period, getting all or most of your equity out then), you may find yourself upside down if you lower to what the appropriate price level would be.

Regardless of the days on market for the area, you can determine your own days on market by your level of motivation, your objective and critical evaluation of your home's condition as compared to your competition, and your ability to go low enough to compensate to buyers any negative factors surrounding your home sale.

For a Complementary Home Evaluation, geared specifically to your situation, simply visit http://miamirealestateking.com/9404/dsp_agent_page.php/45860/FREE_Home_Evaluation/Free_Home_Evaluation and you will be contacted for further details.

Wenceslao Fernandez Jr, BS, CDPE
Keller Williams Realty
... more
0 votes 2 answers Share Flag
Sun Nov 18, 2007
Ines Hegedus-Garcia answered:
Eddy, to come up with an average cost of construction in Miami is extremely difficult. It depends what type of construction you are doing, finishes and contractor.
It can vary anywhere between $150 to $300 per square foot - but can go even lower if you have a contractor do the shell and you subcontract your own finishes.
Best bet for you is to interview a couple of reputable contractors and see what they are charging.
... more
2 votes 1 answer Share Flag
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