Property prices for sale in Coral Gables (Florida)
The prices in real estate in Coral Gables, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Coral Gables has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $5,162. In the following month the price per sq.feet decreased considerably to $4,164. In the following two months the price per sq.feet has barely changed, going from $4,663 to $4,557 per sq.feet. The price per sq.feet has decreased 94 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4,610 to $4,328 during February, and March.
Based upon to the price in Coral Gables (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $3,564,056. In November This price remains at $3,548,149. In the following two months the average price has remained the same with regard to the previous two months from $3,556,102.5 to $3,561,435.5. During the last two months the average price has had a strong fall compared to the previous four going from $3,558,769 to $2,956,327, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,023,924 they are 83 % more affordable than the average price for Coral Gables. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,776,942.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $655 / sq.feet, with an average $5,185 / sq.feet price in Coral Gables. The properties with the lowest average prices have 4 bedrooms. They are 80 % cheaper than the average followed by properties with 3 bedrooms with a price at $863 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $3,023,924 it is 83 % cheaper than the average price in Coral Gables. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $4,870,194 it is 392 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $632 / sq.feet followed by "Apartment" priced at $1,682 / sq.feet. "Land" is the most costly type of property with a $12,185,169 / sq.feet cost followed by "Villa" with an average price of $13,137 / sq.feet.
