CORAL GABLES HISTORIC HOMES MORE AFFORDABLE AND SELL FASTER AND CLOSER TO LIST PRICE
Known as an area where there are historic homes built prior to 1940, the average historic home sold in the past 12 months went for $244/sq ft after 128 days on the market at 92% of list price, whereas others sold for an average of $275/sq ft after 147 days on the market at 90% of list price, saving buyers about $3100 per 100 sq ft of home. The MLS in this area calculates by adjusted sq ft, with a smaller factor for covered terraces, patios and garages.
Of the 400 single family homes sold, 20% (80) were historic homes. They are mostly found West of US 1, between Bird Road & 8th Street, Red Road and LeJeune Avenue.