coral gables where old world elegance meets new world luxury

Coral Gables Non-Waterfront

248 Single Family Homes For Sale Average List Price: $1,151,945

Average List Price Of Sold Homes: $882,858 Average Sale Price: $802,418

Coral Gables Waterfront

93 Single Family Homes For Sale Average List Price: $5,280,951

Average List Price Of Sold Homes: $2,252,176 Average Sale Price: $2,175,527

Riley Smith| EWM Realtors, Inc. | Coral Gables Real Estate Specialist

Mobile: 305-342-1623 | Office: 305-960-5317 | Email: Riley@RileySmithGroup.com

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2008 2009 2010 2011

Coral Gables Single Family

Inventory Levels

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,

21, 53, 28, 45, 94, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,

21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 24, 40, 93, 29, 45, 23,

21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

Coral Gables By The Numbers

$270.00/Sq.Ft.

vs

$470.00/Sq.Ft.

The average sales price per square foot in

Coral Gables right now is $270.00 . This figure

is far below the average asking price of

$470.00 per square foot. What these figures

tell me is that on average, the remaining

inventory on the market in Coral Gables is

overpriced.

350

There have been 350 single family homes

sold in Coral Gables so far this year. At the

same time last year there had only been 271

homes sold. Buyers recognize that now is the

time to buy, and these figures just further my

belief that 2011 will have the highest number

of home sales in Coral Gables on record.

I am seeing a large demand in Coral Gables

right now for turn-key ready homes as well as

updated Old Spanish properties. Buyers who

are purchasing their primary residence are

shying away from homes that need exten-

sive renovation. This is due to the fact that

banks now require a higher down payment

and buyers don’t have as much cash left

over to make upgrades.

Riley Smith| EWM Realtors, Inc. | Coral Gables Real Estate Specialist

Mobile: 305-342-1623 | Office: 305-960-5317 | Email: Riley@RileySmithGroup.com

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,

21, 53, 28, 45, 94, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 23, 40, 93, 29, 45, 23,

21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

14, 20, 61, 92, 33, 46, 83, 29, 33, 21, 01, 02, 44, 21, 20, 15, 63, 49, 55, 54, 24, 40, 93, 29, 45, 23,

21, 53, 28, 45, 92, 14, 22, 30, 58, 24, 09, 45, 69, 23, 11, 24, 02, 39, 88, 17, 51, 32, 10, 99, 15, 19

Riley Smith Coral Gables Real Estate Specialist

TheCoralGablesRealEstateVault.com

Locally Known. Globally Connected.

Coral Gables 2011

Price Distribution

Coral Gables 2011

Cash vs. Finance

32% Cash

Transactions

68% Finance

Transactions

28% Over

$1,000,000

72% Under

$1,000,000

The Riley Smith Group Presents

4320 Santa Maria Street, Coral Gables

Riley Smith | EWM Realtors, Inc. | Coral Gables Real Estate Specialist

Mobile: 305-342-1623 | Office: 305-960-5317 | Email: Riley@RileySmithGroup.com

This magnificent Colonial Revival home overlooking Riviera Country Club’s 15th fairway

sits on one of the most beautiful and sought after streets in Coral Gables. One of five of

George Merrick’s original Pioneer Village homes built in 1926 and extensively restored in

2008 to include impact glass, gas generator, exquisite built-in cabinetry, slate roof,

luxurious master suite and separate garage apartment. In superb condition and

beautifully appointed with the finest finishes throughout the home.

Details:

6,146 Square Feet Of Living Area

16,875 Square Foot Lot

5 Bedrooms, 4.5 Baths

More Photos www.4320SantaMaria.com