Brickell Real Estate Report 2015
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 david@siddonsgroup.com.
Brickell Real Estate Report 2015 – A complete review
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The Brickell Real Estate Report 2015
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
- Infrastructure and Social Development in Brickell
- Brickell Condos in detail
- Appendix and references
Our Brickell Real Estate Report 2015 was covered by Miami Today News
David Siddons Group
+1 305 508 0899 | david@siddonsgroup.com
