Single Family Homes
- 2% increase in sales of single family homes from 2007 to 2008.
- Total sales of single family homes increased from 318 in 2007 to 325 in 2008.
- If you average the number of homes sold in the last quarter of 2008, there is still a 23 month supply of single family homes for sale in Coral Gables.
The median price for a single family home in December was $542,000, down from $788,000 in December 2007.
Condos
- The number of sales of condos decreased 19% from 2007 to 2008 from 141 to 114.
- There is 37 month inventory of condos.
- The median price in December 2008 was $250,000 down from $1,005,000 in December 2007.