371            total single family homes sold to date in 2011

• highest priced sold property to date in 2011  $9 mil
• lowest priced sold property to date in 2011    $181 K
• number of waterfront sold to date in 2011          38

181         total condos/townhouses sold to date in 2011

• highest priced sold condo/TH to date in 2011 $1.190 mil
• lowest priced sold condo/TH to date in 2011    $35 K

   84               total Pending single family homes, year-to-date for Coral Gables 

  12                  total condos/townhomes pending to date in 2011

             Ask me how the market is!  (305)332-3256

Sheryl

*from the Miami Dade Realtor Association MLX

• Did you know in the past year that we had the largest number of sales in the history of the business? 
• That international buyers purchased over $82 Billion of real estate in the U.S., and Florida captured 31% of those sales?  Their preferred location to buy?  Miami, Miami Beach, and Ft. Lauderdale, and 86% paid cash!

Please click here for a short report from chief economist, Lawrence Yun, National Association of Realtors, regarding the salability of the real estate marketplace.

Below are graphs and charts for Home Sales year to date.

Ask me how the market is!  (305) 332-3256

 Arvida $16.975 M

8 bedrooms, 9 full baths, 4 half baths, 13469 square feet, 180 feet on the water with direct ocean access (no bridges).

Arvida $22.9 M

8 bedrooms, 10 full baths, 2 half baths, generator, elevator, wine cellar, 14087 square feet

To inquire about these or other luxury Miami homes, please click here.

ACTIVE RESIDENTIAL HOMES:

ACTIVE VACANT LAND:

CLOSED SALES 2010:

 There are currently 10 homes on the market in Gables Estates ranging from $24.5 M to $4.8 M. There are an additional 5 vacant land listings ranging from $15.7M to $4.8 (60 Casuarina is listed as both a home and vacant land per the MLX.) In 2009 there were 8 closed sales totaling: $51,000,000. No sale have closed this year, however Coral Gables  has closed 138 single family homes totaling $162,303,182 and 73 condo units totaling $26,984,137 for a total of: $189,287,319 in closed Coral Gables inventory for 2010!

If you would like to schedule a listing appointment or are interested in purchasing Real Estate in Miami please contact us by clicking the “contact” tab at the top of the page or 305.329.7728

Active Residential Listings:

Active Vacant Land:

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Inventory is reducing in size as sales continue to hold!

Prices have decreased enough to begin to bring the real estate market back to a state of equilibrium. This will still take some time but we are certainly on our way! The current total inventory has finally fallen below $1 billion. The inventory in Coral Gables stands at 464 homes listed at approximately $999,225,074.

 This year alone, Coral Gables has closed 134 sales totaling $159,267,182. This time last year there were only 87 closed sales totaling $91,693,197 . The County of Miami-Dade has closed 3,020 sales this year totaling $963,430,884

2010 home sales in Miami Dade county  are outperforming 2009 sale by 17.8% so far!

If you would like to schedule a listing appointment or are interested in purchasing real estate in Miami please contact us via the “contact” tab at the top of the page. 305.329.7728

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As of today, there are 478 active listings in Coral Gables totaling $1,002,575,374 with an average list price per square foot of $431. Year to date there have been 124 closings totaling $146,297,182

Inventory Break-down:

- 51% of active listings are priced over $1 M

-49% of active listings are priced below $1M

6.5% of active listings are new construction (2008 or newer)

For more information on purchasing a home in Miami or if you would like to schedule a listing presentation, please contact us at 305.329.7728

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Over the last 7 days there have been 6 closed sales ranging from $3,490,000 to $535,000. This brings the total closed inventory in Coral Gables to $128,332,182! So you have something to compare that number to; this time last year the total sales were at $82,024,897. As we have progressed into the 2nd quarter of the year, the closed sales continue to remain steady. There is some concern over the government’s tax credit exit however, home prices are now reaching a stage where we can start to hopefully see a nice inventory reduction!

If you would like to schedule a listing appointment or are interested in purchasing a home in Miami, please contact us at 305.329.7728 or by clicking the “contact” tab at the top of the page.

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On April 14th, The DiCarlo Group was honored to receive the EWM Chairman’s Club award as one of the Top Producers in South Florida! Thank you to all of our wonderful clients that made this possible!