North Coral Gables - Prices THEN and NOW!

I just had an appraisal done on a property I just sold in North Gables.  I thought it would be interesting to share these findings of property values THEN AND NOW for the area.  According to this appraiser, property values have depreciated 4% yearly over the past 5 years.  Here are 5 homes that sold both (THEN AND NOW).

1236 Obispo Avenue

Then (Feb. 2005) $1,225,000.

Now  (April 2010) $990,000.

3.71% Yearly Decline

1221 Alhambra Circle

Then (May 2006) $675,000.

Now (April 2010) $535,000

5.30 % Yearly Depreciation

828 Milan Aveune

Then (January 2005) $765,000.

Now (April 2010) $700,000.

1.62% Yearly Depreciation

1203 Columbus Boulevard

Then (May 2005) $599,000.

Now (March 2010) $399,000.

6.91% Yearly Depreciation.

1412 Medina Avenue

Then (August 2003) $450,000.

Now (March 2010) $375,000.

2.53% Yearly Depreciation.