Coral Gables Real Estate Market 2022 – 2023 update
Coral Gables Real Estate Market 2022 – 2023 update.
Introduction:
Coral Gables is a desirable location for real estate investments due to its attractive location, high-quality amenities, and stable economy. This report provides a summary of the real estate market in Coral Gables for the period of January 2022 to February 2023.
Market Summary:
During the period from January 2022 to February 2023, the total list price for sold properties in Coral Gables was $1,343,266,030.00, while the total sold price was $1,288,361,012.00. On average, the price per square foot (PPSF) was $854.2.
Monthly Market Summary:
The real estate market in Coral Gables experienced fluctuations throughout the year, with the highest PPSF being recorded in October 2022 ($1,143.1) and the lowest in August 2022 ($755.5). In January and February 2023, the average PPSF was $894.3 and $905.3, respectively. The highest sum of list price was recorded in March 2022 ($253,220,898.00), while the highest sum of sold price was recorded in September 2022 ($78,214,587.00).
Conclusion:
The real estate market in Coral Gables has experienced fluctuations throughout the year but has maintained stability overall, with an average PPSF of $854.2. The market continues to be attractive to investors, with high-quality amenities and a stable economy. The monthly data suggests that the market is relatively consistent, with moderate fluctuations in PPSF and the sum of list and sold prices.
