Brickell Real Estate Category

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!

April 2013 Update For The Brickell Condo Market

May 3rd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The April 2013 numbers are in! Where possible we’ve compared them with April 2012 to show trends. It may sound like a broken record, but the gains are still impressive, even after an incredible month like March. Have a look: If you have been following our Blog you will also recognize that in March there were 595 condo units available for sale in Brickell. Now as of April 30th, there were 612. This is noteworthy because it the the first time...Continue Reading!

Jade Brickell Reaches New High Sale Price per Square Foot

May 2nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Unit 2311 at the Jade Residences at Brickell closed yesterday after just 26 days on the market. The sale price of $1,275,000 is 98% of the list price which was $1,300,000. Of course this condo was beautifully furnished and finished, which contributed to the quick sale and record price. Unit 2311 stats: Two bedrooms Two and one half bathrooms 1,878 square feet of air-conditioned living area Corner unit facing East with direct Bay and Ocean Views Wrap-around balcony Marble and wood flooring throughout The most important news here...Continue Reading!

Pricing Options for Selling Your Brickell Condo

April 30th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

This morning I was on a listing appointment at a condo in a waterfront building on Brickell Avenue.  These particular sellers have owned the condo since the mid 90’s and have some equity to play with. Like all sellers they want to sell for the maximum number possible in today's market. In this particular case, they would like to sell so that they can buy a house. They are not in a position where they need to sell.  This means...Continue Reading!

Villa Regina Brickell – Market Update

April 24th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Just like many of the “older” buildings on Brickell Avenue, Villa Regina at 1581 Brickell is enjoying a renaissance of sorts. It’s definitely being rediscovered by buyers who are looking for more spacious condos than what is being offered in many of the buildings that were built in the last five years. The building enjoys a prime waterfront location on Brickell Avenue, just south of 15th Road. This means walking distance to Mary Brickell Village, restaurants, shopping and offices in the...Continue Reading!

Living At A Luxury Hotel In Brickell

April 22nd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Ever since I was a kid and first heard about Eloise, the children’s character who lives at The Plaza Hotel in New York, I have always wanted to live in a luxury hotel. Well it seems I am not alone. Last week, I showed condo-hotels to clients from Puerto Rico and this weekend I received a call from a reader of this blog, who lives in Brazil, and wants to buy a condo in a Miami Luxury Condo-Hotel building. Specifically the...Continue Reading!

In Brickell, An Over Priced Two Bedroom vs. An Under Priced Three Bedroom

April 18th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

I spent the last three days showing potential condos in Brickell to clients from out of town. Here are my notes from the trenches: A nice two bedroom condo in a better building in Brickell is going to cost at least $575,000 and more likely up to $700,000. There are very few options at the moment in this price range. Depending upon the building we had between 1 - 3 condos for sale to consider. In some buildings, there were none. The ability...Continue Reading!

Echo Brickell – Size Does Matter

April 16th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Here are the reasons why we believe that Echo Brickell is the best of all of the new condo projects either already coming out of the ground or slated to in Brickell: Location - at 1451 Brickell Avenue, next to the Four Seasons Miami, Echo Brickell takes up the entire block and will have access and egress options on three sides. Great for parking, traffic and getting to I95 quickly. Size - at 60 stories and approx 750 feet, it will be...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!

March 2013 Brickell Condo Update

April 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The March 2013 numbers are in! Where possible we’ve compared them with March 2012 to show trends. The total value of all sales soared. Have a look: Yes, there were 15% fewer sales this March compared to March of 2012. The gains in all of the other statistics are incredibly impressive. The Brickell market in total is gaining more and more value and sellers are becoming bolder with their listing prices, even with financing options still tight. There is a lot...Continue Reading!

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