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    5 Things You Should Know About Q3 2019 Coral Gables Home Sales

    The third quarter of 2019 was a good sales period for Coral Gables homes.  The sales activity was much higher than the same period one year prior and some significant sales closed.  Among those top of the market luxury sales was 555 Leucadendra Drive, a Compass listing represented by Liz Hogan, that sold for $23,000,000.  That is a 6.8% appreciation per year from the time the property last sold for $17,200,000 in 2015!

    There were 145 Coral Gables homes sold between July 1 and September 30.  Here are the five things you need to know about the Coral Gables homes market during Q3:

    1.  The total sales for the third quarter is $221,163,580.  That amount is a 51% increase from the Q3 2018 total sales of $146,076,260.

    2.  30% of all transactions were cash purchases.

    3.  The average days on market for Coral Gables homes sold during the third quarter was 150.  That is 25 days longer than the average days on market for Coral Gables homes during Q3 2018.

    4.  The average sale price to original list price ratio of Coral Gables homes sold during the third quarter was 90%.

    5.  The oldest home sold during the third quarter is 105 years old!

    If you would like a more detailed report of Coral Gables homes sold during the third quarter of 2019 please reach out to Adrian Foley at adrian@adrianfoley.com.  Below is a Compass Collection created by Adrian.  The collection shows all of the Q3 Coral Gables Home sales.

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    Adrian Foley

    Adrian Foley has lived all over the world—Taiwan, the Philippines, Argentina, New York, California—and has now rooted his professional life in South Florida in partnership with Compass. With 7 years of hands-on industry experience, Adrian holds a B.A. in History and Spanish from College of the Holy Cross, and a J.D. from Santa Clara University School of Law, along with membership in the Florida Bar Association. Adrian, who is bilingual in English and Spanish, is able to combine this global perspective with his legal skills, underscored by the access to best-in-class technology and customer service that are central to Compass’ ethos, supporting clients in residential, commercial, and investment property transactions. Calling Miami home, Adrian is optimistic about continuing growth trends, backed by an expanding tech center, that draw new residents, visitors, and interests to the region. With an approach built on professionalism, service, and technology, Adrian is a committed partner to buyers and sellers, equally giving his all towards the purchase of a first home, the sale of a long-time family home, searching for the perfect second home, or on the commercial and investment side of the transaction. Adrian’s particular area of focus runs from Miami Beach to Palmetto Bay, and feels he is privileged to have the opportunity to support clients in such important life events. In his personal time, Adrian enjoys sports, including cycling and running, boating, and volunteering.

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