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South Miami-Dade News

Wednesday, November 6, 2024

Coral Gables home prices rise in October 2019

Realestate5

The median sale price of a home sold in October 2019 in Coral Gables rose by $172,750 while total sales increased by 8.8%, according to BlockShopper.com.

In October 2019, there were 87 homes sold, with a median sale price of $745,000 - a 30.2% increase over the $572,250 median sale price for the same period of the previous year. There were 80 homes sold in Coral Gables in October 2018.

The median sales tax in Coral Gables for the most recent year with available data, 2015, was $7,127, approximately 1% of the median home sale price for October 2019.

The following table compares Coral Gables to other Miami-Dade County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Golden Beach30-$7,300,000$0-
Key Biscayne261936.8%$804,300$1,075,000-25.2%
Bal Harbour11757.1%$800,000$1,400,000-42.9%
Coral Gables87808.8%$745,000$572,25030.2%
Pinecrest3542-16.7%$712,500$706,2500.9%
South Miami (unincorporated) 2328-17.9%$680,000$422,90060.8%
Surfside171154.5%$500,000$650,000-23.1%
Miami Shores322245.5%$497,500$464,8007%
South Miami1021-52.4%$433,750$372,50016.4%
Biscayne Park45-20%$415,000$383,0008.4%
Palmetto Bay4756-16.1%$399,000$520,650-23.4%

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