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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!

UPDATE on the Disclosure Surprise

May 16th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

“Looks like we have a deal!” - was the text that I received late last night from the Listing Agent of the condo that my buyers had an executed contract on when we were all surprised by a Seller’s Disclosure that threatened to derail the deal. “WOW, Great work Tom, I thought the deal had gone up in smoke!” was the text from the buyer even later last night, when I told him that the Seller had agreed to credit him...Continue Reading!

The Carlos Ott Penthouse on the 61st floor of Echo Brickell

May 9th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Although not by design, the theme of the week is clearly Penthouses in Brickell. In an article on Forbes.com today, Echo Brickell was included in a short list of the world’s tallest and most luxurious residential towers, Rise Of The Super Towers: The Next Big Thing In Luxury Housing, written by Morgan Brennan. There are many things that stand out about Echo Brickell, but in our opinion, the Carlos Ott Penthouse is one of the most unique offerings we’ve ever seen....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!

Brickell Key One Unit A1715 – Great All Around

February 26th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Sometimes a condo is a great buy because of the price.  Unfortunately that usually means it will require some renovations and work.  Sometimes a condo is beautifully designed and decorated.  When this is true, it's never just how a buyer would like it and so then it seems overpriced because some of the work has to be "undone".  Sometimes it just the location that makes a property a must have.  It's rare that a condo comes on the market that...Continue Reading!

Elegant and Sophisticated PHT 105 at Villa Regina on Brickell

February 19th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Elegant and sophisticated are two words that it could be said are very overused by Realtors.  However, there aren't any better to describe the condo that just went under contract at Villa Regina on Brickell.  The building and this unit are really one of my favorites right now.  From the pictures below, you can see why this condo was only on the market for 41 days.  It was priced well at $799,000 and stunningly designed and renovated.  I wouldn't change...Continue Reading!

We Need a Two Bedroom/Two Bath Condo in Brickell for under $500,000

February 18th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

  This morning I had a breakfast meeting with a client who is here for the long weekend.  He and his family come to Miami often and may even relocate here in the future.  They love Brickell and all it has to offer and are now ready to buy, even thinking that they should have bought two years ago.  While everyone want to time the exact botom of the market and many try to, I assured him that all indications are...Continue Reading!

Santa Maria Brickell Condo 4205 is a Posh Mix of Palm Beach With a Miami Vibe

February 15th, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Lush Life, the jazz standard sung by the likes of  Sarah Vaughn, Ella Fitzgerald and recently Queen Latifa, is the song that comes to mind immediately as you enter the private elevator foyer of unit 4205.  The first thing you notice as you step into the apartment is that the ceiling have been raised to 11 feet.  The effect is powerful as you take in the commanding views of Biscayne Bay and the Atlantic Ocean to the East and Brickell...Continue Reading!

Yes! You Can Find Something Nice On Brickell For Under $300,000

February 1st, 2013 Written By

Brickell Condo Blog | The Riley Smith Group

Forget nice.  How about gorgeous?  One of the questions we are always asked is, “Can you find me a nice one bedroom for less than $300,000?  Well check out Unit 1003 which recently sold in The South Tower at 951 Brickell, The Plaza.  Totally remodeled with white Spanish porcelain floors in all rooms.  But what I liked the best is the huge corner terrace facing the city.  This is urban living at its best smack dab in the middle of...Continue Reading!

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