In the month of May, there were a total of 53 single family home sales, significantly higher from the 32 sales last month. Of the 53 sales, seven were waterfront homes and six were golf view properties. The average price per square foot for non-waterfront homes was $316, slightly up from the April and March, averaging at $303 and $312 respectively.
The average sales per square foot for waterfront homes was $614.04. On the graph above, I omitted one sale. The home at 70 Casuarina Concourse sold for $5,300,000 in the month of May. The home on this property is 4,666 and calculating the price per sq. ft. would have skewed average greatly, as it is very high at $1,135.88. Golf view properties averaged $405.58 per sq. f.t. in the month of May
Stay tuned to the blog to see how the trends in Coral Gables change over the month of June!