Do you cringe when you hear Realtors or even real estate shows regurgitate the old adage: Location, location, location? Well, even in this frenetic market, I still have that phrase on repeat — as I always have. We all know the Miami market is hot, but there are varying degrees of heat. To say some areas of South Florida have grown more in value than others is an understatement — and a confirmation of Loca… let’s just refer to it as LLL.
A recent review of market stats revealed that the property value increases in Miami-Dade County in comparison to Coral Gables are vastly different because, well … LLL.
The median sold price first quarter year over year experienced an increase of 15% in Miami-Dade overall as compared to 48% in Coral Gables.
Let that vast difference set in. Coral Gables, The City Beautiful, has always been a jewel in the Miami real estate market, particularly for locals who know the value of the architecture, the lush greenery, the location, all the special things that the city offers. Now, out-of-towners are specifically requesting to purchase homes in this part of town. Demand and low inventory have further driven prices up — way up.
Here’s a recap of the county versus the city. The stats are based on single-family homes for simplicity’s sake.
| MIAMI DADE MARKET SNAPSHOT | 1/1/21 – 3/14/21 | 1 /1 /21 – 3/14/22 | Variance % |
|---|---|---|---|
| Average# of Homes For Sale | 2,540 | 1,962 | -23% |
| Average# of Homes Sold | 2,874 | 2,483 | -14% |
| Average Price Per Sq. Ft. | 418 | 463 | 11% |
| Median Sold Price | $465,000 | $535,000 | 15% |
| Average Days on Market | 69 | 48 | -30% |
| CORAL GABLES MARKET SNAPSHOT | 1/1/21 – 3/14/21 | 1 /1/21 – 3/14/22 | Variance % |
|---|---|---|---|
| Average# of Homes For Sale | 154 | 65 | -58% |
| Average# of Homes Sold | 142 | 105 | -26% |
| Average Price Per Sq. Ft. | 587 | 824 | 40% |
| Median Sold Price | $1,150,000 | $1,700,000 | 48% |
| Average Days on Market | 100 | 66 | -34% |
Many factors can be attributed to the difference in property value, but these numbers remind me that Coral Gables is truly a standout location and offering. Others clearly agree.






Deering Estate
Massage Envy South Miami
Calla Blow Dry
My Derma Clinic
Sports Grill
The Healthy Kitchen
Sushi Maki
Golden Rule Seafood
Malanga Cuban Café

Kathleen Ballard
Panter, Panter & Sampedro
Vintage Liquors
The Dog from Ipanema
Rubinstein Family Chiropractic
Your Pet’s Best
Indigo Republic


ATR Luxury Homes


2112 Design Studio
Hamilton Fox & Company
Creative Design Services
Best Pest Professionals
HD Tree Services
Trinity Air Conditioning Company
Cisca Construction & Development
Mosquito Joe
Cutler Bay Solar Solutions


Miami Royal Ballet & Dance
Christopher Columbus
Pineview Preschools
Westminster
Carrollton
Lil’ Jungle
Frost Science Museum
Palmer Trinity School
South Florida Music
Pinecrest Orthodontics
Dr. Bob Pediatric Dentist
d.pediatrics


South Miami Women’s Health

The Spot Barbershop
My Derma Clinic




Miami Dance Project

Rubinstein Family Chiropractic
Indigo Republic

Safes Universe
Vintage Liquors
Evenings Delight





Atchana’s Homegrown Thai
Baptist Health South Florida

Laser Eye Center of Miami
Visiting Angels
OpusCare of South Florida



Your Pet’s Best

HD Tree Services
Hamilton Fox & Company

Creative Design Services


