Brickell Real Estate Update

brickell real estate update Archive

Jamey

– December 11, 2008Posted in: What You Should Know

Popular Buildings in Brickell

This is a list of some of the more popular buildings in the Brickell area and their real estate activity. I did not include some of the newer buildings because the data is so new, it’s not very good. As the data gets better, I will slowly add them to the chart.

Building	Active	Pending	Closed 2008
Neo Vertika	72	6	12
Vue	49	29	48
The Mark	51	8	13
Latitude	49	0	5
Bric. River N	61	2	3
Bric. River S	21	0	5
Carbonell	60	2	11
Jade	52	12	35
Santa Maria	21	0	9
Solaris	32	4	1
The Club	96	24	52
Espirito S.P.	13	1	3
The Sail	40	0	17
Four Season	22	1	0

I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary. All information provided is deemed reliable but is not guaranteed and should be independently verified. Please see the site disclaimer for more information. The compilation of listing and market data information is provided by MLS of the REALTORS Association of Greater Miami and the Beaches.

Tags: brickell condo sales, brickell on the river north, brickell on the river south, brickell real estate update, carbonell, espirito santo plaza, four seasons condo sales miami, latitude, Neo Vertika, santa maria condo, the club condo in miami brickell, the mark condo in miami on brickell

Brickell Real Estate Update: Condos

Jamey

– November 25, 2008Posted in: Brickell Buildings

Currently there are approximately 1140 condos on the market in the general Brickell Area. 147 are in pending sale status and 43 sold last month. Out of the 43 that sold, 13 were units in the Vue at Brickell.

One of the least expensive units that sold was in the Four Ambassadors Condo located at 999 Brickell Bay Drive. It is a 500 square foot studio, with monthly maintenance fees of $353. It was also a bank owned foreclosure property. It was listed at $76,200 and sold for $73,800.

FOUR AMBASSADORS

In consideration of the middle price points pulled from the statistics, a 2 bedroom 2 bathroom unit at Brickell Park Condo located at 2501 Brickell Avenue was originally listed for $319,900 and sold for $250,000. It’s original price was at $319,900 and was eventually reduced to $250,000. This is a very good case in point to show why if Sellers choose to sell in this market, they need to be prepared for aggressive price reductions in order to get the property to a price point where the showings start which eventually leads to an offer (if price, condition and location are all in sync). According to the MLS, it was on the market for about 5 months. The monthly maintenance for this unit was list at $503 per month.

BRICKELL PARK CONDO

One of the more expensive properties that sold in the Brickell Area was sold in Carbonell, 901 Brickell Key Bl. It was a 2591 square foot, 3 bedroom 3.5 bath property located on the 20th floor. Monthly maintenance is list at $1157. It was listed for $1,295,000 and sold for $1,106,150.