Couvoisier Courts On Brickell Key Condo Market Category

2-Level Penthouse Unit Just Listed At Courvoisier Courts On Brickell Key

August 17th, 2016 Written By

Brickell Condo Blog | The Riley Smith Group

Brickell Key is a private island located at the mouth of the Miami River. This exclusive community offers its residents the best of Miami living and is one of our favorite spots on Brickell.  Some of the benefits of living on Brickell Key include unobstructed Bay views, a walking path around the island, market place, salon, flower shop plus the amenities of each individual condo building.   The Mandarin Oriental is also located on Brickell Key which gives residents even more  fine...Continue Reading!

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 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!

Can You Still Buy A Foreclosure On Brickell?

October 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

A few years ago it seemed that many of our buyers were interested in buying a foreclosure because they knew that they would be buying it for a good price.  Fast forward to today and I can't even remember the last client who asked me about buying a foreclosure property.  Most buyers understand that any well priced foreclosure will turn into a bidding war and they are simply not interested in entering into a situation like that.  Also, you can't assume anymore that all REO's are undervalued.  Banks have become much smarter and have hired local agents who know the...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!

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!

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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