Brickell Key Two 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!

Just Sold By The Riley Smith Group! | Unit 1204, Brickell Key II

February 27th, 2014 Written By

Brickell Condo Blog | The Riley Smith Group

The Riley Smith Group does it again!  Our team member Dominique Duque got Unit 1204 at Brickell Key II listed and under contract in record time. Using her strong negotiating skills, Dominique sold the property for $377.00/sq. ft. which is well above other comparable units in the building that have sold recently. Congratulations to the sellers and new owners! Learn more about The Riley Smith Group here. We know the numbers and track the Brickell real estate market.  If you would like to...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!

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!

Not Much Room For Negotiation On Brickell

September 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Buyers are very educated about the market these days and they know a well priced condo when they see one.  A serious buyer makes a solid offer that is in line with the recent comparables.  This week, we saw 5 condos on Brickell that were priced perfectly and sold within 96% (on average) of their list price. It is important to work with Realtors such as The Riley Smith Group who know the market and track the numbers.  If you are interested in buying or...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!

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!

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