Brickell Condo Market Update for May 2013

June 3rd, 2013 Written By

The May 2013 numbers are in!  Where possible we’ve compared them with May 2012 to show trends. May was a huge month for sales of Brickell condos in 2012. This year’s total sales volume came close and I’m sure that if we had more inventory to sell we would have beat last year.

Have a look:

Brickell May Update

For the second month in a row, inventory is up slightly, just 14 more condos for sale this month than in April. There are now 626 condos actively for sale in Brickell. They range from a simple studio at the Four Ambassadors complex for $140,000 up to $27,000,000 for a 9,000 square foot residence in the sky at the Millenium Towers, also known at the Four Seasons. The condo at the Four Seasons is actually a custom floorplan created by combining three adjacent units. This is the epitome of Brickell living. 54th floor, separate restaurant-grade chef’s kitchen, soundproof home theater, spa, three balconies, wine storage, and access to all Four Seasons Hotel amenities. Meticulous craftsmanship and sophisticated design elements including hand-laid mosaic marble tile and leather floors. Yes, leather floors..

The trends that we are watching after seeing May’s analysis are that Average List Price, Average Sale Price and Average Sale Price per Square foot all went up again significantly while Average Days on the Market went down almost a whole month. The squeeze continues as the flow of cash into the market continues.

If you are thinking of selling now is the time to get your property on the market. If you are a buyer in the market and you see something you like, do not wait.

*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. 

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