This is our 2015 Brickell Real Estate Report, covering Brickell, Downtown and Edgewater. It is the most in-depth report of its kind ever published and will advise you as to whether you should buy, hold or sell your condo in Brickell, Downtown or Edgewater. This 16-page report covers the resale and pre-construction market. Please call or email me (David Siddons) for a more personalized chat: +1 305 508 0899 or firstname.lastname@example.org.
Brickell Real Estate Report 2015 – A complete review
In the first half of 2015, we still saw a continued focus on buyers coming in and seeking out pre construction condos to buy as well as seeing a strong appetite for resale units. Although there was an element of hesitation, we still felt a degree of bullishness across the market. The second half of 2015 has felt decidedly different. With a number of South American economies taking a big hit on their currencies, feedback from buyers and sellers has been that the Brickell market was getting too saturated with inventory and the supply demand curve took a shift. The result has been that the buying market appetite for pre construction and the purchase of resale units has slowed. We have even started to see signs of average price per Sq.Ft correcting in some sectors.
What are the general words on the Brickell real estate market?
There is now an average of 22 months of inventory in Brickell; a balanced market is around 6 – 9 months. Given the vast number of new pre construction units entering the Brickell market in 2016, this number will likely rise. The price per sqft at which they have been sold and will likely be resold will be heaviest in the $550 – $600 per sqft range.
Our advice to condo owners (taking into account the size and number of bedrooms and bathrooms) is if you own a unit where you estimate your value is $550 per sqft or over – SELL. For those at $400-$500 per sqft potentially HOLD but be careful. If you want to BUY in Brickell focus on product under $400 per sqft for the best investment value. The price per sqft sensitivity is definitely something to be aware of.
What happened in Brickell in 2015
What’s new in Brickell and Downtown Miami
What to consider when buying a Brickell or Downtown condo
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.