Inventory Is High At The Santa Maria

December 5th, 2014 Written By

santa maria4

The Santa Maria is such a sought after condo building on Brickell that there are never more than a handful of listings at a given time.  That is why it is very unusual that there are currently 9 listings for sale.  However, these aren’t the typical Santa Maria units that we see come on the market; 7 out of the 9 condos for sale are listed over $3,000,000.  There is usually much more inventory in the $1,000,000 – $3,000,000 price point in the building.

In fact, last year, only 1 of 13 sales at The Santa Maria closed for over $3,000,000.  And this year, only 1 of 3 sales closed for over $3,000,000.  So you can see why these units haven’t been snapped up yet, the supply is out of line with what buyers are looking for in the building.  This doesn’t mean that the current properties won’t sell, but it does mean that they may take some additional time and marketing effort to get them sold compared to the $1,000,000 – $3,000,000 units which tend to get snapped up within a matter of days.

If you are interested in buying a condo at The Santa Maria, please contact us.  We have a long history of sales in the building and know the market.  Please send us a message here to reach us. 

 

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