Latest Articles

2011-12-13 17:07:28

Salute to Brickell-Miami

The average prices of Brickell condos have raised slowly but constantly during the last two years.

Three years ago, the real estate crisis and the inventory rise were two factors that participated in the decline of condos prices in Brickell. These combined elements have attracted lots of buyers, especially foreigners. During the past year, inventory has fallen down from 17 months to 10 months supply. Inventory is lowering quickly; out of the 23 000 last 3 years’ new units, only 1 500 are still unsold.

Since demand stayed high, prices of condos have increased. In Brickell, the average price per sq ft raised by 20% in the last 3 years.

Even if condos prices are going up, foreign buyers still see them as bargains. For those investors, Miami real estate market is still attractive. Buying condos and offering them as rentals is a profitable investment.

If you would like to learn more about Miami’s condo market, visit our website.


Recent Posts

Next Videos

Related Post


Is There a Blog in Your Future?

January 18, 2019

Industry, Education

Negotiating Tip 66: Pulling A Concession

January 18, 2019


Four Tips to Create the Perfect Podcast

January 17, 2019


Negotiating Tip 65: The Sugar Sandwich Walk Away

January 17, 2019


Blunt Truth About Cell Phones & Professionalism

January 16, 2019

2019 Real Town The Real Estate Network