Q1 Review: Closed Sales in Miami, Pinecrest and Coral Gables Real Estate, Zip Code 33156

posted on May 2nd, 2010 filed under: Properties in Focus, Real Estate Market Data

The table below reports closed sales of select single-family homes in the portion of zip code 33156 east of Ludlam Road (SW 67 Ave.), including neighborhoods in Pinecrest and Coral Gables.  The 33156 zip code extends from Kendall Drive (SW 88 St.) south to Howard Drive (SW 136 St.), and thus includes the waterfront gated communities of Gables Estates, Journey’s End, Hammock Oaks and Gables by the Sea, as well as the gated lakefront community Snapper Creek Lakes, and the soon-to-be-gated lakefront community Hammock Lakes.

Coral Gables Real Estate -- Closed Sales -- Single-Family Homes -- Zip Code 33156 -- 1Q10

Recently closed sales are the principal guide to current property values in a local real estate market.  Data are from tax records, and thus include transactions not appearing on the MLS.

Because The Real Estate Fountain focuses on mid-range to luxury properties, the table focuses on the more desirable homes and locations in the covered area.

9801 W. Suburban Dr., Pinecrest

9801 W. Suburban Dr., Pinecrest

Although this is a first-quarter review, closed sales from December 2009 are included.  The originally scheduled November 30 expiration of the $8,000 homebuyer tax credit makes December 1 a more interesting time to start the real estate sales “quarter.”  The $8,000 credit should not have made much difference to buyers of mid-range to luxury real estate in Pinecrest and Coral Gables, but no market with human participants is fully rational.

11097 Paradela St., Hammock Oaks, Coral Gables

11097 Paradela St., Hammock Oaks, Coral Gables

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