Investors Guide to Brickell Real Estate – Q1 2015 Update

Investing in Brickell Condos – Understanding the market

Get to know the Brickell Market by reading my Q1 2015 Brickell Real Estate Market Update.

Compare the different Miami Neighborhoods here

The below article was written in 2015 and is no longer relevant. Please click on the below links to search for real estate or to read the latest Brickell condo News

This Brickell Condo Analysis shows you important real estate market data such as ‘Months of Inventory’ and ‘averages Sales prices per Sq.Ft’ for different price categories allowing you to really get to know your market. Besides this, you can compare today’s market with the market in the last three years

Whether you want to buy a Brickell Condo or sell your Brickell Condo, this market update provides you with the most important market indicators and is therefore a must read in order to understand where the Brickell Condo market is heading

Brickell Condo Performance over the last 6 months

Here below you will find the Brickell Condo performance over the last half year of 2014

The Brickell Market in words

The Brickell Condo market has seen an increase in inventory since the end of 2013. (see graphs here below).  Although there is a healthy demand for Brickell Condos, the enormous amount of new Brickell Pre-construction condos created a oversupply which the demand cannot absorb anymore. Buyers are still massively coming into Brickell and Brickell pre-construction condos are selling at a fast pace, yet resale condos are suffering under the enormous amount of new competition. Especially condo owners in older buildings are feeling the increased competition. The newer Brickell Condos are offering better amenities, better finishes, better designs or come with fancy branding that attracts Brickell’s pre-dominantly younger crowd.

Brickell prices however are not suffering under the oversupply as the average prices seem to keep on increasing albeit at a much slower pace than before.

Should you avoid Brickell? No, but each condo should be analyzed separately and one must be more careful when investing in a Brickell condo than before. Brickell is a very competitive market these days and whereas before most of the condos were selling profitably these days only the best condos are selling with a high profit. Contact me today and find out what to look for in a Brickell Condos these days (+1 305 508 0899 / david@siddonsgroup.com)

Check the Investors Update of Condos in other Areas

• Aventura
• Bal Harbour
• Brickell
• Downtown / Midtown
• Key Biscayne
• Miami Beach (South Beach and the Venetian Islands)
• Miami Beach (Mid Beach and North Beach)
• Sunny Isles