November 2012 Brickell Condo Market Update

December 6th, 2012 Written By

The November numbers for Brickell real estate are in!  Where possible we’ve compared them with November 2011 to show trends.  Have a look:

Criteria November ’11 November ’12 % Change
# Of Closed Sales 81 68 -16
Avg. List Price $399,835 $699,994 +66
Avg. Sale Price $376,070 $565,833 +50
Avg. Sale Price/Sq. Ft. $295 $376 +27
Avg. Days On The Market 123 150 +22
Total Value Of Sales $30,461,652 $38,476,627 +26

Clearly, the Brickell Condo Market has gained overall value, as prices have gone up and supply and sales have decreased.  Basic supply and demand at work.  As of today, there are only 628 condos for sale through in Brickell.  They range in price from $139,000 for a studio at the Four Ambassadors in North Brickell to $16,800,000 for a 5 Bedroom PH at the Bristol Tower in South Brickell.

Last night I flew back to Miami from San Francisco, another hot Real Estate Market.  The person in the seat next to me was coming into town for the week, to experience all of the Art Fairs that Miami has become famous for in December.  One of her remarks to me was, “Wow, Brickell has really come into it’s own. I can’t believe how it has changed over the past couple of years. It’s really incredible.”  We couldn’t agree more. How about you?

We have the analysis for all individual buildings and would be happy to share them with you at your request. Please let us know what you need.

*Data provided by the SEF MLS

We know the numbers and track the Brickell real estate market.  If you would like to schedule a buyer or seller consultation, please feel free to contact us at 305-960-5317 or send us a note here. 

The Brickell Condo Blog is the most comprehensive online source for Brickell real estate information. Whether you are looking for the latest sales, trends or homes for sale in Miami’s Brickell neighborhood, Brickell Condo Blog has it all at your fingertips. Browse information regarding the upcoming new construction projects, luxury condos, waterfront condos, foreclosures plus much more.

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