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Market Review for Q1 2015

04/17/2015

Below is a market update for the First Quarter 2015 for four high-end submarkets in Central Miami-Dade County.  This analysis shows you the most important real estate market data for each submarket, including pricing and inventory metrics.  All criteria is based on homes that are 3,000 sq. ft. and higher in order to capture the luxury market.

Coral Gables-Waterfront

  • Average Sale price: $5,019,890
  • Average Sale price/Sq. Ft: $699
  • Highest Sale price: $17,200,000
  • Lowest Sale price: $1,740,000
  • Average Living area: 6,642 sq. ft.
  • Average Days on Market: 296 days
  • List price/ Sale price: 89%

*Criteria based on 3,000 + Sq.Ft. Living area, and waterfront*

Coral Gables – Non-Waterfront

  • Average Sale price: $1,717,313
  • Average Sale price/ Sq. Ft: $384
  • Highest Sale price: $3,600,000
  • Lowest Sale price: $918,000
  • Average Living area: 4,473 sq. ft.
  • Average Days on the Market: 134 days
  • List price / Sale price: 91%

*Criteria based on 3,000 + Sq.Ft. Living area, and non-waterfront*

Pinecrest

  • Average Sale price: $1,312,983
  • Average Sale price/ Sq. Ft.: $275
  • Highest Sale price: $4,000,000
  • Lowest Sale price: $550,000
  • Average Living area: 4,553 sq. ft.
  • Average Days on the Market: 84 days
  • List price / Sale price: 95%

*Criteria based on 3,000 + Sq.Ft. Living area*

South Miami / Ponce Davis / High Pines

  • Average Sale price: $2,708,833
  • Average Sale price/ Sq. Ft.: $387
  • Highest Sale price: $5,100,000
  • Lowest Sale price: $950,000
  • Average Living area: 6,386 sq. ft.
  • Average Days on the Market: 76 days
  • List price / Sale price: 95%

*Criteria based on 3,000 + Sq.Ft. Living area*

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BY: BEN MOSS

Estate Agent | ONE Sotheby's International Realty 

 

 

 

 

 

 

 

Email: Ben@BenMossGroup.com

Phone: 305.793.4783

Visit Ben’s Website: www.BenMossGroup.com

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