Author Archive

Price Reduction on Unit 2001 at the Santa Maria Brickell

February 11th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Monday mornings are often overwhelming with the amount of information regarding what happened in the Brickell Condo market over the weekend.  We try and find the most valuable piece of information and share it here. This week it’s about unit 2001 at the Santa Maria Brickell.  The price has been reduced $125,000 to $2,125,000.  This follows a similar reduction in October.  Clearly the sellers have a plan with the reductions happening almost every 60 days.  At $670/ sq. ft. unit 2001...Continue Reading!

Last Foreclosure At Skyline On Brickell Sells Quickly

February 8th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 1201 at 2101 Brickell Avenue just closed for $420,000 after being on the market for only 30 days.  It was priced to sell, asking $429,000.  The condo has two bedrooms and two baths with 1,367 square feet.  A spacious two bedroom in a bay-front building for $307/square foot.  The average price per square foot in Brickell in January was $356.  This buyer bought well. As far as we know, this was the last sale in the building that is either...Continue Reading!

Record Breaking Sale At Two Tequesta On Brickell Key

February 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We have been busy crunching numbers this week as all of the data from January came in. But today we are happy to report that Unit 3301 at 808 Brickell Key Drive closed for a record breaking amount of $1,290,000. That is $568 per sq. ft. Compare that to the average price per sq. ft. on Brickell Key in January of $411. This represents the highest price for a three bedroom condo at Two Tequesta in over 5 years and...Continue Reading!

Brickell Key Condo January 2013 Market Update

February 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We’ve just published the January numbers for Brickell and thought you’d like to see Brickell Key broken out on it’s own. In so many ways Brickell Key really is it’s own Island and economy. Where possible we’ve compared them with January 2012 to show trends. The average sale price per square foot is what really catches our attention. Have a look: With inventory tight and no new buildings on Brickell Key, the available number of condos for sale shrunk as did the...Continue Reading!

Brickell Condo January 2013 Market Update

February 4th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The January numbers are in. Where possible we’ve compared them with January 2012 to show trends. There is some healthy market growth indicated. Have a look: Interestingly enough, there were exactly the same amount of closed sales this January as last January. Average list price, average sale price and total market value of the 49 sales are all up just over 8%. Nice ROI if you can get it. As of today, there are only 629 condos for sale in Brickell....Continue Reading!

Yes! You Can Find Something Nice On Brickell For Under $300,000

February 1st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Forget nice.  How about gorgeous?  One of the questions we are always asked is, “Can you find me a nice one bedroom for less than $300,000?  Well check out Unit 1003 which recently sold in The South Tower at 951 Brickell, The Plaza.  Totally remodeled with white Spanish porcelain floors in all rooms.  But what I liked the best is the huge corner terrace facing the city.  This is urban living at its best smack dab in the middle of...Continue Reading!

Million Dollar Views at the Imperial at Brickell | Just Listed By The Riley Smith Group

January 31st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Our new listing at the Imperial has us very busy. The phone started to ring the minute it went into the MLS. The most amazing feature of unit 2507 at 1627 Brickell Avenue is the view it affords. When you enter the condo and pass the foyer you are immediately drawn to the commanding 180 degree views. From the 25th floor, you can see all of Key Biscayne and then beyond to the ocean as you look directly East. To...Continue Reading!

For Many Brickell Residents, Coconut Grove Is The Next Stop

January 30th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

A recurring story with many of our customers is that they start out in a great condo in Brickell and then for whatever reason they end up moving to a house in Coconut Grove.  Some move because their families are expanding and others move just because they want a house instead of a condo.  The owner of a very unique home that just came on the market followed this exact same path a few years ago.  Now his job is...Continue Reading!

High Floor Closing at The Plaza on Brickell

January 28th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 4611 at 950 Brickell Bay Drive, also known as the South Tower of the Plaza at Brickell closed this week for $605,000.  With 1,278 square feet of living space under air, it’s the amazing water and city view that gave this unit a sale price per square foot of $473.   This is well above the average of $404 per square foot for sales in this tower in the past 12 months.  Still the new owner will probably replace...Continue Reading!

CMA for Condo at Brickell Key II

January 25th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

One of our readers contacted us a couple of days ago to see if we could help by providing information that would enable them to make their one bedroom condo at 540 Brickell Key Drive as marketable as possible for a potential sale this Summer. This is what we do everyday. We thought we’d share a few details of the Comparative Market Analysis with you here on the blog.  All details relate specifically to one bedroom condos in the same building: Four...Continue Reading!

Copyright ©     Log in     Design by Real Estate Tomato     Powered by Tomato Real Estate Blogs