The Jade Residences at Brickell Bay – 5 Year Trends

December 7th, 2012 Written By

Anyone buying property right now has to look at their purchase as an investment, even if it is the home of their dreams that they never plan to leave.  Here is a look at the past five years of sales at 1331 Brickell Bay Drive also known as the Jade Residences at Brickell Bay:

There are many conclusions that can be drawn from the data.  The Jade, like many buildings in Miami, went through a period of turmoil with units going into foreclosure, being sold short and even a reported mortgage fraud ring living in the building.

Year # Closed Sales Average Sale Price/Square Foot Average Days on Market
2008 44 $399 89
2009 45 $359 131
2010 30 $397 94
2011 31 $472 135
2012* 30 $503 131

As of today the Jade Residences at Brickell Bay as a building and as an investment is doing very well. The number of sales every year has stabilized, the building is in great financial shape, and the Average Sale Price/Square Foot has increased 26% over the last five years.

Current Status of condos in the Jade Residences at Brickell Bay:

  • 25 condos for sale out of 326 – less than 10%
  • 5 condos are currently under contract and waiting to close
  • 1 of the 25 condos for sale is a short sale and there are no foreclosures
*2012 data is through 12/3/12. All data is from the SEF MLS.

 Click here to view all condos in sale for The Jade at Brickell Bay.

We are analyzing the data for all of the buildings in Brickell.  For an advanced or more detailed look at any building, please contact us directly at 305-960-5318 or send us a message here.

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