Brickell Real Estate Category

OPPORTUNITY ALERT! Foreclosure at the Jade Brickell at Brickell Bay

June 14th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Just when it seemed like all of the short sales and foreclosures in the Brickell area had been cleared out and snapped up, we are starting to see a few show up on the market. The backlog of cases in the court system would suggest that we may continue to see this for quite some time, though not en masse. A one bedroom condo with one bathroom is on the market now for $369,000 or $412 per square foot (83m2). This...Continue Reading!

Bayliner Unit at Icon Brickell Sells for $683,000

June 12th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

If you like the style, amenities and lifestyle that Icon Brickell has to offer, but could do without the chaos of Club Fifty, the Viceroy Miami Hotel and the newly opened Cipriani outpost in Miami then you should take a look at and consider the Bayliner units. The Bayliner units are located below the pool and amenity level, which is on the 15th floor, in the part of the building that connects Tower One and Tower Two. These units face Brickell...Continue Reading!

Worth A Look – Unit 1501 at The Emerald at Brickell

June 11th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Worth A Look - Unit 1501 at The Emerald at Brickell The Emerald at Brickell is one of those hidden gems that it’s easy to forget about from time to time.  I believe this is part of it’s charm.  It’s one of the smallest buildings in Brickell, with only 142 units.  Some of the units have great water views, but it’s not a waterfront building.  And it does not have the name “Brickell” anywhere in it’s address.  What I particularly like about it...Continue Reading!

The Condo Association Interview – Why?

June 10th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The Condo Association Interview - Why? If you were ever told as a child that you needed to do something “Just Because”, or “Because I am the Parent and I Say So”, then you may get the same feeling about a Condo Association interview being “Required". Nobody can actually and definitely explain why.  Ask 20 people and you’ll get 20 answers, all of them different. This week, one of our clients who is a busy doctor and lives out of the country was scheduled to...Continue Reading!

10 Sales This Week in South Brickell

June 7th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Ten Sales this Week in South Brickell: For years, the Southern end of Brickell Avenue between 15th Road and the Key Biscayne Causeway, was the only image that came to mind when anyone talked about Brickell Condos.  Most all of the buildings are waterfront and were built between 1963 and 2001, the majority in the 80’s and 90’s. Now considered the more quiet and residential part of Brickell, these buildings, though older have a lot to offer in comparison to the newer construction...Continue Reading!

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!

Brickell Condo Market Update for May 2013

June 3rd, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The May 2013 numbers are in!  Where possible we’ve compared them with May 2012 to show trends. May was a huge month for sales of Brickell condos in 2012. This year’s total sales volume came close and I’m sure that if we had more inventory to sell we would have beat last year. Have a look: For the second month in a row, inventory is up slightly, just 14 more condos for sale this month than in April. There are now 626...Continue Reading!

Customers Say the Darnedest Things…

May 31st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

The CEO of a company that I worked for once was known for saying, “the largest room in the house is the room for improvement”.  We always ask for feedback, even when everything seems to go perfectly. This was in my inbox this morning. It’s a great Friday here in Brickell! "For the past decade Tom has been my trusted real estate adviser in Miami. I have sold and bought homes with Tom and his knowledge of the Miami area is...Continue Reading!

UPDATE – Imperial at Brickell unit 2507 SOLD for $700,000

May 30th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

On March 15th we announced that our corner, bay-front listing at 1627 Brickell Avenue had gone under contract. It closed yesterday for $700,000 which represents $391/sq.ft. While this is average for Brickell in general, it is a record price for the building and the Seller and a great value for the Buyer. This was a cash deal, meaning that although the buyer did take advantage of low interest rates and get a mortgage, the purchase was not contingent upon that happening....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!

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