50 Condos Already Sold This Year On Brickell!

February 10th, 2014 Written By

Four Seasons Brickell

The market has been very busy so far in 2014.  On Brickell, 50 condos have sold totaling nearly $35,000,000 in sales volume.   We have also seen 82 condos go under contract this year with a total listing volume of $45,000,000.  A majority of the condos that have gone pending have been listed under $1,000,000 which shows where buyer demand is at the moment.

The building with the highest sale price to date is The Four Seasons (1425 Brickell Avenue); Unit 46F sold for $3,525,000.   This particular unit was located in the rare “F” line in the southeast corner of the building and offered floor to ceiling windows with 3,844 square feet of living space and 3 bedrooms, 4.5 baths.

The average “sale price/sq. ft.” for condos on Brickell so far in 2014 is approximately $425.00.  This figure is up slightly from the average in 2013 which came in at $409.00 per square foot.

There are nearly 700 condos for sale on Brickell which  doesn’t even include a majority of the new-construction buildings. To give you some perspective on that figure, there were almost 1,000 condos sold on Brickell during 2013.   That is a lot of real estate in such a small radius!  

If you have a Brickell condo and are considering placing it on the market, please give us a call for a no pressure condo valuation.  We would be happy to sit down with you and go over the recent comparables.  I can be reached anytime at 305-342-1623, or send us your information on our contact page.

For more information on The Riley Smith Group, visit our website.

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