In the month of December 2016, we saw a decrease in the number of sales from November to December, going from 40 to a total of 37 closed transactions in Coral Gables. There were 3 waterfront properties that sold this month. The average price per square foot for waterfront properties sold this month was $611.33. This is lower than last month due to the waterfront property selling for $3,825,000. The average price per square foot of non-waterfront homes was $373 which is slightly lower from last month’s average of $390. Stay tuned to the blog to see how the trends in Coral Gables change over the month of January!