Brickell Key Condo Market Category

Brickell Key Quarterly Upate

April 3rd, 2014 Written By

Brickell Condo Blog | The Riley Smith Group

Real estate on Brickell Key has been moving along at a steady pace in 2014. There have been 40 condos sold so far in the first quarter of this year (compared to 43 condos sold during the same time period of 2013).  Although the number of sales are roughly the same, we have seen the average sale price jump from $670,000 to $800,000 this year as well as an increase in the average "sale price per square foot". Below is the...Continue Reading!

Brickell Key Condo Market Is Breaking Records In 2013

December 17th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Much like the rest of the condo market in South Florida, Brickell Key is setting records in 2013.  A few sales just came in which helped push the number of condos sold on Brickell Key to the highest levels in the history of this private island.  We also saw the average sale price on Brickell Key jump to the highest figure on record.  Some of the top selling buildings were Asia and Carbonnell, we also saw an increase in value...Continue Reading!

Just Listed By The Riley Smith Group! Brickell Key II | Offered At: $325,000

December 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We are excited to announce our newest listing on Brickell!  This is a great opportunity to be on the private island of Brickell Key for under $350,000.   This spacious 1 bedroom, 1 bath has light filled living areas and views of downtown and Biscayne Bay.  Brickell Key II offers its residents some very special amenities including a bayfront pool, BBQ area, state of the art fitness center which overlooks the pool, kids playroom, "on-premise" market, a waterfront/jogging path, tennis courts,...Continue Reading!

The Best 3 Bedroom Condo Deals On Brickell

November 19th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you read the Brickell Condo Blog then you know that 3 bedroom condos on Brickell are in short supply and high demand right now.   I did a quick search for all 3 bedroom condos on Brickell and sorted them by "list price per square foot" so that you can see where you can get the most bang for your buck.  As of today, the lowest "price per square foot" 3 bedroom condo is Unit 1005 at The Imperial.  This unit comes in at...Continue Reading!

Brickell Key Condo Market Update

November 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

We received an email recently from a buyer who is interested in purchasing a condo as an investment on Brickell Key.   He is from out of town and could not believe how much prices had risen from 2 years ago when he last looked at investing on Brickell, particularly for 3 bedroom units.    Now he is ready to act quickly before prices go up any further. Take a look at the chart below which gives you a quick snapshot of...Continue Reading!

Brickell Key, Did You Know?

September 25th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Brickell Key is a private island located at the mouth of the Miami River and is home to more than 2,000 condo units.  Many people don't know that the history of Brickell Key began more than 100 years ago. In 1896 Henry Flagler, a key figure in the development of the east coast of Florida had a 9 foot channel dug out at the entrance of the Miami River.  In doing so, he created two small islands.   These islands were purchased...Continue Reading!

Another Brickell Key Condo Just Sold by The Riley Smith Group

September 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Never, Never, Never Give Up! - Is a famous Winston Churchill quote and also a common theme here at the Riley Smith Group. My colleague Jessica Adams just closed a terrific deal for one of our clients who has been looking for months. With inventory of Brickell condos still very tight she made sure he saw this terrific condo at Courvoisier Courts on Brickell Key as soon as it came on the market. He loved it of course, as it...Continue Reading!

Brickell Key Condo July 2013 Market Update

August 5th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Prices and Sale Price per Square Foot continue to climb year over year, but the number of sales in July 2013 is much smaller than in 2012. Inventory of available condos on Brickell key is 110. Just one more than in June. It seems that the number of sales in July are a direct relation to the number in June. June was double the previous year, and July is almost half. This is why we look at trends, because there are so...Continue Reading!

Brickell Key Condo June 2013 Market Update

July 10th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

June sales on Brickell Key SOAR!  Units at Asia start to sell. Inventory of available condos on Brickell key is 109. Hovering around the same number May’s 111. While all of the numbers are impressive, the Total Value of Sales in 2013 is more than double what it was last June. Yes, sale prices are up. Yes, list prices are also up. Yes, Average Days on the Market is down, meaning quicker sales. The other trend is that some of the priciest condos on...Continue Reading!

How Do I Make An Offer Without The Support of Recent Sales?

June 17th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The Brickell Market is not experiencing the Summer slowdown that it used to. In fact, the lack of inventory and the tremendous amount of cash looking for a home, has allowed Sellers to increase their asking prices at a rate that is higher than comparable recent sales can support. This is true especially on Brickell Key. On Saturday, just as I was about to sit down to write up an offer for clients that I had shown only three properties, I...Continue Reading!

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