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5 Trends About Brickell Real Estate

July 12, 2017
Brickell in Miami

Brickell Real Estate

The best way to make sure that you can get the “in” you’re looking for in any market is to study its trends. How well do you know how it operates? What’s going on in the community? What has gone on in the community recently? More in the past? Asking yourself these questions will ensure that you’re getting off on the right foot when you are house hunting. Don’t get caught off-guard when you’re in the process. So, what are some trends that are happening right now in Brickell? Are they positive? You can keep you eye on the trends yourself here, but for now I’ll be highlighting 5 of the standout trends.

  1.     Penthouses under $1

Here’s a beautiful property for sale in Brickell that’s listed at $800,000. 2 bedrooms/ 2 bathrooms and all the luxury you’re looking for in Brickell.

The Miami/ Dade county is notorious for having properties listed well into the multi-million-dollar region. In Brickell, there are several penthouses available for under $1, though. And this is something to cheer about.

  1.     Entering a period of stability

According to Miami.curbed.com, Brickell is becoming stable in its market. This is great news for the community because it won’t be so turbulent for its residents.

  1.     Ranked #10 priciest

Brickell is a luxurious neighborhood, but it barely cracks the top 10 in the priciest communities in Miami.

  1.     Median Price: $400,000

In Brickell, the median price for a home is $400,000 which is a far cry from the infamous multi-million dollar listings you can find in Miami Beach.

Here’s a listing right at the median price at $410,000. This particular unit is a 1 bedroom/ 1 bathroom. Looking at a community’s median price-point is a great way to see what’s available in the neighborhood.

  1.     Closings are rising

The rate of closing deals in Brickell has increased 2% in the last year, according to https://miami.curbed.com/maps/miami-housing-market-trends-neighborhoods. This is good news for prospective residents because it shows that there are more and more people considering it their ideal home as well.

 

In general, you’ll find that Brickell is quite a stable market with great homes and great people. If you’re looking for the finer things in life while still residing in a hard-working community, look no further. The high-life awaits, and you will not be disappointed in what you find.

If you’re interested in a property mentioned in this article, contact Aldo River

Miami Association of Realtors® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed.

This website is intended for potential buyers, sellers, or renters and it has no affiliation with the home owners association at The Plaza on Brickell.