Coral Gables Real Estate Market 2022 – 2023 update
Coral Gables Real Estate Market 2022 – 2023 update.
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.
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).
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.