Brickell Key Condo Market Category

Brickell Key Condo May 2013 Market Update

June 5th, 2013 Written By

Less inventory means fewer sales. But the values continue to climb on Brickell Key. Here are the numbers for May 2013: Criteria                                              May '12         May'13            % Change Number of Closed Sales                       20                     15                        - 25 Average List Price                           $605,625           $732,333                  +21 Average Sale Price                          $561,550           $686,867                 +22 Average Sale Price/Square foot       $361                    $444                      +23 Average Days on the Market             207                       113                     - 45 Total Value of all Sales                $11,231,000        $10,303,000               - 8 Inventory is is slightly up in May from 108 to 111 condos actively for sale on Brickell Key. One...Continue Reading!

Large Condos In Brickell Are In Very Short Supply

May 28th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

For the past few months we have been writing about the shrinking inventory levels of all condos for sale in the Brickell neighborhood, including Brickell Key. Of the 629 condos that are available for sale, only 25 have four or more bedrooms. That is less than 4%. More and more families are choosing condo living, especially foreign buyers. Condos appeal to them because of the conveniences, the superior amenities and most of all, the security. A new four bedroom condo just...Continue Reading!

Carbonell on Brickell Key – Market Update

May 20th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Built in 2006 and comprised of just 284 units, Carbonell on Brickell Key is one of my favorite buildings. Large enough to support great amenities and service staff, yet small enough to make it’s residents feel that they are living a wonderful lifestyle in a very special place. Carbonell is located at 901 Brickell Key Boulevard and is positioned on the island so that many units have a direct water view and almost every unit has some water view. The building...Continue Reading!

Brickell Key Condo April 2013 Market Update

May 6th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Property values on Brickell Key continued to climb in April. As usual, even more than Brickell in general. Here are the actual numbers: Inventory is down in April from 112 to 108 condos actively for sale on Brickell Key. Pending Sales are also down from last month. 56 in April versus 60 in March. The most expensive condo for sale on Brickell Key is still a five bedroom unit at ASIA for $9,000,000. The least expensive is one bedroom at Brickell Key II for...Continue Reading!

Brickell Key March 2013 Condo Update

April 11th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you have been following our blog, you may be saying to yourself, “How high can it go?”.   That's exactly what we are saying. Month after month we are seeing double digit increases in listing prices and sale prices.  In fact, Brickell Key condos are selling on average for approximately 95% of list price.  But the number of days on the market has increased slightly since March of last year. What does it mean? It means that it is a...Continue Reading!

Unit 904 at Carbonell Gets These Buyers Out of The Box

April 4th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 904 at 901 Brickell Key Boulevard just closed for $1,460,000. With 2,591 square feet of living area, that price represents $563 per square foot. The curved design of the building along with custom lighting and floor to ceiling windows to take advantage of the river front and Miami skyline views give this condo a very custom feel. The new owners will definitely not feel like they are living in a space comprised of boxy rooms attached to a long...Continue Reading!

Another Three Bedroom Condo Sold Icon Brickell Tower Two

April 2nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The inventory of three bedroom condos in shrinking steadily. Especially at Icon Brickell. Yesterday, unit 3101 closed for $1,200,000. With 1,870 square feet of living area, this represents $642 per square foot. The condo was sold decorated and furnished. It has never been lived in. The only three bedroom line in this building at 495 Brickell Avenue is the “01 Line. It is located in the Southeast corner of the building and the floor to ceiling glass offers amazing views. On...Continue Reading!

REO at Courvoisier Courts on Brickell Key

March 29th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 2404 at 701 Brickell Key Drive, also known as Courvoisier Courts, on Brickell Key, just came on the market as an REO listing. In case you are not familiar, REO stands for Real Estate Owned, and it means that it is now owned by corporate entity, because of a foreclosure. It’s a two bedroom, two and one half bath condo with 1,230 square feet of living area under air conditioning. It also has a nice balcony with view across Brickell...Continue Reading!

Brickell Key Condos For Sale

March 28th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

There is a perception that living on Brickell Key is unattainable for many because of price. We've had many customers tell us as they are beginning their search for a condo in Brickell, “Well I’d love to live on Brickell Key, but I’m sure its not in my budget.” Nonsense. Brickell Key is a 44 acre, man made island located just east of Miami’s financial center, Brickell. It’s a gated, self contained paradise for many with eleven condominium buildings, Miami’s Mandarin...Continue Reading!

February 2013 Brickell Key Condo Market Update

March 8th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Yesterday we published the February numbers for all of Brickell and we know many of our readers want 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 February 2012 to show trends.  Everything is up.  Really up!  Except Inventory and Average Days on the market with are both down.  The squeeze is on.  Have a look: The numbers speak for themselves.  The...Continue Reading!

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