{"id":294116,"date":"2026-06-03T07:47:11","date_gmt":"2026-06-03T07:47:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/294116\/"},"modified":"2026-06-03T07:47:11","modified_gmt":"2026-06-03T07:47:11","slug":"with-supply-tight-coral-gables-homes-in-hot-sellers-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/294116\/","title":{"rendered":"With supply tight, Coral Gables homes in hot seller\u2019s market"},"content":{"rendered":"

\"www.miamitodaynews.com\"\/<\/a><\/p>\n

Advertisement\t\t\t\t\t\t<\/p>\n

Written by Kelly Sanchez<\/a> on June 3, 2026<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"With<\/p>\n

The Coral Gables single-family home market is in a seller\u2019s market, attracting local and out-of-state buyers alike with its walkability, greenery, schools, retail and restaurants, according to Rafael Beltran with The Opes Group at Compass.<\/p>\n

The median price for a single-family home in Coral Gables is about $2.7 million, he shared, an increase of 23% year-over-year.<\/p>\n

\u201cCoral Gables is currently in a seller\u2019s market, meaning there is not a lot of supply and there is a very high demand, which has been driving the price up the last couple of years,\u201d Mr. Beltran said.<\/p>\n

\u201cThere is a high demand, especially from people moving out of the state, who\u2019ve been relocated to Miami,\u201d he continued. \u201cCoral Gables is a very sought-after neighborhood because you have a little bit of everything: The location is fantastic, the neighborhood itself is great, it offers a good quality of living, you have walkability, you have a lot of greenery, you have these iconic banyan trees, arts in Coral Gables. You have a lot of old trees, and that\u2019s very appealing to people, and also you have a Mediterranean, Spanish colonial style type of home, which is also very attractive to people from out-of-state.\u201d<\/p>\n

The community\u2019s proximity to Brickell and Coconut Grove, retail, dining and top-tier schools also make it appealing to buyers.<\/p>\n

\u201cAnd due to the massive migration we\u2019ve been seeing from out-of-state buyers and also local buyers, there is a very high demand, and since there is not a lot of inventory currently for sale, people are willing to pay top dollar to get into a neighborhood, so that\u2019s what\u2019s driving the prices up,\u201d Mr. Beltran said.<\/p>\n

There\u2019s five months of supply in the Coral Gables\u2019 single-family home market, he noted, which \u201cbasically translates into a very low supply of properties currently for sale in a very high demand.\u201d In addition, he said, the estimated days to contract is 26 days, \u201cmeaning that since the moment a property hits the market for sale until the moment that contract is signed, you\u2019re looking at 26 days, which is very, very fast.\u201d<\/p>\n

\u201cAnd the pending sales also have been coming up,\u201d Mr. Beltran said, \u201cmeaning there are more pending sales this year than what it was last year in the same month, so it increased 17% compared to the same month last year. That implies that it\u2019s a growth on the sale for the market.\u201d<\/p>\n

With less space for new construction, he expects prices to continue going up.<\/p>\n

\u201cYou have everything in there,\u201d Mr. Beltran said. \u201cI don\u2019t think you have to leave Coral Gables for anything you want to do, so it\u2019s the right place for you to live when you\u2019re young and also to stay all the way until you retire. It\u2019s a great place for you to live in your early stages when you\u2019re professional. It\u2019s great to raise a family, and it\u2019s even great to retire because you have so many parks and golf courses, and again, you\u2019re just minutes away from everything, including the airport or Brickell. And then you see every day there\u2019s more and more things coming to Coral Gables, so I think that\u2019s going to continue driving prices up.\u201d<\/p>\n

Joanna Jimenez, also with The Opes Group at Compass, added that \u201cthere\u2019s a lot of families right now that are looking to purchase it for land value and build their new construction home in Coral Gables.\u201d<\/p>\n

Mr. Beltran said he thinks the outlook \u201cis going to continue being great.\u201d<\/p>\n

\u201cI don\u2019t think this trend that we\u2019ve seen is going to go down,\u201d he said. \u201cI think the demand is going to stay steady, and we\u2019re going to continue seeing growth and everything in the area.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Advertisement Written by Kelly Sanchez on June 3, 2026 The Coral Gables single-family home market is in a…\n","protected":false},"author":2,"featured_media":43546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":["post-294116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/294116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=294116"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/294116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/43546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=294116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=294116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=294116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}