By Elizabeth Costa - Top Real Estate Agent in Doral, Florida | The Keyes Company
15+ years of experience · 300+ closed transactions · Bilingual: English & Spanish
Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International

What did the Coral Gables area single-family home market do in August 2026?
Across the four Coral Gables area ZIP codes (33134, 33146, 33156, 33133), 76 single-family homes closed in August 2026 at a median $2,312,500, down 7.5 percent from July's $2,500,000 median, with median 35 days on market (faster than July), 95 percent sale-to-list ratio, and 57 percent cash share (up from 55 percent 90-day baseline). Over the 90-day June 5 to September 2 window, Coral Gables area aggregate closed 232 single-family homes at a median $2,236,111, median $867 per square foot, 42-day median days on market, 51 percent cash share, 7 percent waterfront, 62 percent pool prevalence, and 2.2 months of inventory (Strong Seller conditions). Four sub-markets: Coral Gables Core (33134) $1.285M median at 1.8 MOI (tightest); Coral Gables Riviera (33146) $2.08M median with 10-day median DOM (fastest); Pinecrest / South Coral Gables (33156) $2.85M median with continued ultra-luxury tier activity; and Coconut Grove (33133) $2.6625M median at 1.9 MOI. Trophy August closings continued to concentrate in Pinecrest ($20.5M+ Old Cutler Bay) and Coconut Grove ($16.35M+ Sunrise Harbour).

This report covers single-family home activity across the four Coral Gables area ZIP codes (33134, 33146, 33156, 33133) for August 2026, with 90-day rolling context from June through August and comparative reference to the July 2026 report. It uses statistically robust methodology (232 total closings analyzed), breaks the data down by sub-market including ultra-luxury tier trophy closings, and identifies signals for September and Q3 close.

I am Elizabeth Costa, a Realtor with The Keyes Company. Through Keyes' Exclusive Member status with Forbes Global Properties and Founding Member status with Luxury Portfolio International, I have direct access to the invitation-only luxury networks that reach the ultra-luxury buyer pool for Pinecrest, Coconut Grove, and Coral Gables area transactions.

Coral Gables Area Aggregate August 2026 Snapshot

Metric August 2026 90-Day (Jun-Aug) Direction
Closed sales 76 232 Stable pace
Median sale price $2,312,500 $2,236,111 Slightly higher
Median $/sqft $871 $867 Stable
Median days on market 35 42 Faster
Median sale-to-list ratio 95.0% 95.0% Stable
Cash share 57% 51% Up (+2pp)
Pool % 62% 62% Stable
Active inventory 170 170 Stable
Pending sales 95 95 Strong pipeline

Aggregate takeaways: 76 August closings represents consistent monthly velocity (June 78, July 77, August 76). Median price up slightly from 90-day baseline ($2.31M vs $2.24M). DOM notably faster in August (35 vs 42 90-day baseline), suggesting properties that closed in August had shorter marketing periods than the summer average. Cash share up modestly to 57 percent (from 51 percent baseline). Pending sales at 95 is a strong pipeline going into September, suggesting Q3 close will remain robust.

Aggregate months of inventory (MOI) sits at 2.2, firmly in Strong Seller's territory (under 3 months).

August 2026 Spotlight vs 90-Day Baseline

August 2026 shows Coral Gables area consistency:

  • Volume stable at 76 closings (June 78, July 77, August 76 — remarkably consistent monthly cadence)
  • Median price modestly higher ($2.31M vs $2.24M baseline, +3.4%)
  • DOM materially faster (35 days August vs 42 90-day median) — a positive signal for sellers
  • Cash share up modestly (57% August vs 51% baseline, +6 pp)
  • Sale-to-list ratio stable at 95 percent

The faster DOM in August is the most positive August signal for sellers. Properties are closing more quickly than the summer average, indicating engaged buyer pool. Combined with 95 pending sales, September closed count should remain strong.

Sub-Market Breakdown by ZIP

Sub-Market (ZIP) Closed 90d Median Price $/sqft DOM Cash MOI
Coral Gables Core (33134) 63 $1,285,000 $772 43 48% 1.8 (Strong Seller · tightest)
Coral Gables Riviera (33146) 13 $2,080,000 $1,026 10 (fastest) 54% 4.2 (Balanced)
Pinecrest / South CG (33156) 88 $2,850,000 $804 49 49% 2.5
Coconut Grove (33133) 68 $2,662,500 $1,079 41 57% 1.9

Sub-market observations:

Coral Gables Core (33134): Highest closed volume in sub-markets (63) with 1.8 MOI Strong Seller conditions (tightest sub-market). Median $1,285,000 makes this the corridor's most accessible entry-luxury tier. Cash share 48 percent reflects broader buyer pool including move-up families.

Coral Gables Riviera (33146): Small sample (13 closings) but notable 10-day median DOM (fastest in Miami-Dade). Median $2,080,000 with $1,026 $/sqft (highest in Coral Gables area). 4.2 MOI is Balanced (largest inventory-to-sales ratio in the corridor).

Pinecrest / South Coral Gables (33156): Largest closed volume (88), including ultra-luxury tier trophy closings. Median $2,850,000 reflects estate-tier weighting. 49 percent cash share consistent with ultra-luxury pool. 2.5 MOI.

Coconut Grove (33133): 68 closings at $2,662,500 median. Highest $/sqft in group at $1,079 reflecting Coconut Grove waterfront and Sunrise Harbour ultra-luxury tier. 57 percent cash share (highest of Coral Gables area sub-markets). 1.9 MOI tight.

Top August 2026 Trophy Closings

The Coral Gables area continues to deliver ultra-luxury trophy closings in August 2026:

  • $22,500,000 on Kiaora St in Cleveland Park (Coconut Grove, 33133)
  • $20,500,000 on Balada St in Old Cutler Bay Sec 2 (Pinecrest, 33156)
  • $17,500,000 on Old Cutler Rd (Pinecrest 33156, Unplatted)
  • $16,350,000 on Sunrise Ct in Sunrise Harbour (Coconut Grove, 33133)

Note on 33156 outlier: One 33156 closing showed $173,370,070 (SW 100th St, Continental Park subdivision). This transaction is likely a portfolio sale, land assemblage, or commercial redevelopment site rather than a typical single-family residential transaction and is excluded from trophy analysis pending further verification. Directional interpretation focuses on the trophy tier of confirmed single-family residential closings.

Ultra-luxury geographic concentration: Coconut Grove (Cleveland Park, Sunrise Harbour) and Pinecrest (Old Cutler Bay) continue to dominate the ultra-luxury tier. Both are prime territory for Forbes Global Properties invitation-only network representation and Luxury Portfolio International distribution.

All addresses referenced by street name and community per Miami-Dade MLS public data, with house numbers omitted for seller privacy post-close.

Cash Share at 57% August (Highest in Miami-Dade)

Coral Gables area cash share of 57 percent in August is among the highest of any Miami-Dade market. By sub-market:

  • Coconut Grove (33133): 57 percent cash (aggregate 90-day)
  • Coral Gables Riviera (33146): 54 percent cash
  • Pinecrest / South CG (33156): 49 percent cash
  • Coral Gables Core (33134): 48 percent cash

All sub-markets exceed 45 percent cash share, meaningfully higher than Doral (21 percent 90-day baseline) and reflecting the concentrated wealth of the Coral Gables corridor. Buyers here typically have deployment capital and prefer to close cash rather than deal with jumbo mortgage math at $1.5M+ price tiers.

For financed buyers: Structural competition dynamics in the Coral Gables area require stronger offer packages than in Doral. Full underwriting pre-approval, shorter contingency windows, appraisal flexibility, and larger earnest money deposits are all appropriate structural responses.

For deeper coverage of cash and international buyer dynamics, see Selling Your Miami Home to International or Cash Buyers.

July 2026 vs August 2026 Comparison

Metric July 2026 August 2026 Delta
Closed sales 77 76 Stable
Median sale price $2,500,000 $2,312,500 -7.5%
Median DOM 41 35 -6 days (faster)
Sale-to-list ratio 95.0% 95.0% Stable
Cash share 55% 57% +2 pp

Reading the comparison: Volume stable (77 vs 76). Median price down 7.5 percent, likely mix-effect (July had heavier ultra-luxury weighting from Coconut Grove and Pinecrest specific trophy closings). DOM faster in August (35 vs 41 days), positive seller signal. Cash share up modestly. See Coral Gables Area Market Report July 2026 for full July context.

What This Means for Sellers

1. DOM improvement is positive. August's 35-day median DOM (vs 42 baseline) means properties are closing faster, indicating engaged buyer pool. If you list now with correct pricing, expect reasonable timeline to accepted offer.

2. Sub-market strategy differs. Coral Gables Core (33134) at 1.8 MOI Strong Seller supports firmer pricing. Coral Gables Riviera (33146) at 4.2 MOI Balanced requires more strategic pricing to comps rather than to top of active range. Pinecrest (33156) and Coconut Grove (33133) each require tier-specific approach given ultra-luxury inventory presence.

3. Cash-buyer expectation is baseline. Half or more of your buyer pool will be cash. Prepare listing accordingly: clean disclosures, no appraisal risk red flags, readiness for 15-30 day close.

4. Ultra-luxury tier requires network representation. If your property is $5M+, marketing through Forbes Global Properties (invitation-only) and Luxury Portfolio International (founding-member cooperative) is meaningfully more consequential than public portal syndication. See the Forbes network section below.

What This Means for Buyers

1. Coral Gables Core (33134) is where entry-luxury financed buyers should focus first. $1,285,000 median, 48 percent cash share (leaving majority for financed buyers), 1.8 MOI Strong Seller. Move quickly on matching properties.

2. Riviera (33146) offers fast turnover. 10-day median DOM. If a matching property appears, be ready to move within days.

3. Pinecrest and Coconut Grove are ultra-luxury territory. Financed offers face substantial cash competition. Consider full underwriting pre-approval, appraisal flexibility, and network representation on the buyer side.

4. September pipeline is strong. 95 pending sales going into September. Some competitive properties may become available as inventory refreshes.

Ultra-Luxury Tier and Forbes Global Properties Network

At ultra-luxury tier ($5M+), invitation-only luxury networks provide the distribution infrastructure that reaches the actual buyer pool. The Coral Gables area's Pinecrest and Coconut Grove sub-communities regularly see $10M+ and $20M+ closings that operate on these network channels rather than public real estate portals.

The Keyes Company holds documented membership in the two most authoritative US luxury real estate networks:

  • Exclusive Member of Forbes Global Properties — invitation-only association of luxury real estate experts reaching Forbes' 140 million global audience across 69+ countries with 53M+ social media footprint. Includes Private Office discreet listing service.
  • Founding Member of Luxury Portfolio International — luxury division of Leading Real Estate Companies of the World. Connects $1M+ properties to top-tier professionals in 70+ countries and 800+ major cities. Average viewer $10.3M+ liquid assets.

For Coral Gables area luxury sellers, Keyes network access means listings receive documented distribution infrastructure that competing brokerages cannot match. For deeper detail, see Global Network Reach for Selling Doral & Miami Luxury.

Signals to Watch for September and Q3 Close

Three signals I will be tracking in September:

Pending-to-closed conversion. 95 pending sales going into September. Typical conversion 85-95 percent within 30-60 days. September closings should remain robust.

Ultra-luxury tier activity continuity. Does Pinecrest and Coconut Grove ultra-luxury flow continue at August pace? Key barometer for the corridor.

DOM velocity. Did August's 35-day median DOM reflect a durable buyer engagement improvement, or was it monthly variance? September DOM data confirms.

Methodology and Data Sources

Data source: Miami-Dade Multiple Listing Service (MLS), pulled September 3, 2026. Sample includes all single-family home transactions with closing dates between June 5 and September 2, 2026, in ZIP codes 33134, 33146, 33156, and 33133.

Sample size: 232 closed sales, 170 active listings, 95 pending across all four Coral Gables area ZIPs. Statistically robust for aggregate and sub-market analysis.

Scope note on "Coral Gables area": Includes Pinecrest (33156) and Coconut Grove (33133) which are technically separate cities from City of Coral Gables proper. Convention reflects how buyers evaluate these adjacent luxury markets in the same decision set.

Outlier note: One 33156 closing showed $173,370,070 (SW 100th St, Continental Park). This is excluded from trophy analysis pending further verification, as it likely represents a portfolio sale, land assemblage, or commercial redevelopment rather than typical single-family residential transaction. All other reported statistics include this closing in aggregate median calculations to preserve data integrity, but flagged for context.

Metric definitions: Median sale price = median of Sale Price for closed transactions. Median $/sqft = median of Current Price per SqFt. Median DOM = median days on market. Sale-to-list ratio = median of Sale Price divided by List Price. Cash share = percentage of closings marked "Cash" as financing type. Months of inventory (MOI) = active listings divided by (closed sales in 90 days / 3).

Address privacy: Trophy closings referenced by street and community per Miami-Dade MLS public data, with house numbers omitted for seller privacy post-close.

External data references: Miami Association of Realtors statistics. Miami-Dade County Property Appraiser. City of Coral Gables.

Frequently Asked Questions

What was the median Coral Gables area home price in August 2026?

The aggregate August 2026 median single-family home sale price across the four Coral Gables area ZIP codes (33134, 33146, 33156, 33133) was $2,312,500, based on 76 closed transactions. Down 7.5 percent from July's $2,500,000 median. The 90-day rolling median (June-August) is $2,236,111 based on 232 closings.

Which Coral Gables area sub-market is tightest for buyers?

Coral Gables Core (33134) at 1.8 MOI is tightest. Coconut Grove (33133) at 1.9 MOI second tightest. Pinecrest (33156) at 2.5 MOI. Coral Gables Riviera (33146) at 4.2 MOI is most Balanced. Financed buyers in tighter sub-markets need stronger offer structure.

Why is the Coral Gables area cash share so high (57 percent)?

Coral Gables area cash share of 57 percent in August reflects concentrated high-net-worth buyer pool, international buyer flow, ultra-luxury tier depth (Pinecrest at 68 percent cash 90d, Coconut Grove at 57 percent), and jumbo mortgage math discouraging financing at $1.5M+ tiers. All four sub-markets exceed 45 percent cash share, meaningfully higher than Doral (21 percent).

What were the top August 2026 Coral Gables area trophy closings?

Top Coral Gables area August trophy closings: $22.5M on Kiaora St in Cleveland Park (Coconut Grove), $20.5M on Balada St in Old Cutler Bay Sec 2 (Pinecrest), $17.5M on Old Cutler Rd (Pinecrest, Unplatted), $16.35M on Sunrise Ct in Sunrise Harbour (Coconut Grove). Coconut Grove and Pinecrest ultra-luxury tier continues to dominate the corridor's top-tier closings.

How do Forbes Global Properties and Luxury Portfolio International help Coral Gables luxury sellers?

At ultra-luxury tier ($5M+), buyer pools use invitation-only luxury networks rather than public portals. Forbes Global Properties (invitation-only, 140M audience, 69+ countries, Private Office discreet service) and Luxury Portfolio International (founding-member cooperative, 70+ countries, average viewer $10.3M+ liquid assets) provide specific distribution infrastructure ultra-luxury buyers actually use. Keyes is Exclusive Member of Forbes Global Properties and Founding Member of Luxury Portfolio International.

How does August 2026 compare to July 2026 for Coral Gables area?

Volume stable (76 vs 77), median price down 7.5 percent ($2.31M vs $2.5M, likely mix effect from July's ultra-luxury weighting), DOM materially faster (35 vs 41 days — positive for sellers), sale-to-list stable at 95 percent, cash share up modestly (55% to 57%). Faster DOM is the most positive August signal.

How does Coral Gables compare to Doral market in August 2026?

Coral Gables area operates at meaningfully higher price point (median $2.31M vs Doral $925K, 150 percent premium) and higher cash share (57 vs 36 percent August, both up from baseline). Both are Strong Seller markets. See companion Doral Market Report August 2026 and Doral vs Coral Gables comparison guide for cross-market analysis.

What was the $173 million closing in Continental Park?

One 33156 closing reported at $173,370,070 (SW 100th St, Continental Park subdivision). This is excluded from trophy analysis pending further verification, as it likely represents a portfolio sale, land assemblage, or commercial redevelopment rather than a typical single-family residential transaction. The number is preserved in aggregate median calculations for data integrity but flagged as an outlier requiring due diligence.

Should I list my Coral Gables home in September or wait?

Current conditions support sellers: 2.2 MOI Strong Seller aggregate, 95 percent sale-to-list, faster August DOM (35 days), 95 pending sales going into September pipeline. Sub-market varies. Request property-specific CMA for your address to evaluate your situation. See the Complete Selling Guide for the full framework.

Where can I get a specific valuation for my Coral Gables area home?

Aggregate market medians provide context but do not price your specific home. Property-specific valuation requires a comparative market analysis (CMA). Free CMA analysis available at elizabethcostare.com/cma/property-valuation or by direct request at (786) 949-3971.

Want the Sub-Market Breakdown for Your Specific Coral Gables Area Property?

Aggregate area numbers are one thing. What your specific subdivision, block, or property is doing is another. I pull the specific comp set for your address, plus access to Forbes Global Properties and Luxury Portfolio International networks for ultra-luxury tier inquiries.

Call or Text (786) 949-3971
Elizabeth Costa, Realtor — FL Lic. #3234205
The Keyes Company · Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International
15+ years · 300+ closed transactions · Bilingual EN/ES
elizabethcosta@keyes.com · Schedule a Consultation
Serving Doral, Miami, Coral Gables, Coconut Grove, and Pinecrest
Elizabeth Costa, Top Real Estate Agent in Doral and Miami, Florida Elizabeth Costa, Realtor — FL Lic. #3234205
Top Real Estate Agent in Doral, Florida | The Keyes Company
☎ (786) 949-3971
✉ elizabethcosta@keyes.com
15+ years · 300+ closed transactions · Bilingual EN/ES
The Keyes Company: Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International