Tag Archives | Short Sales

Brickell Key Condos Sales Report

December 14, 2008

On September 15th of this year we posted an article on the Brickell Key condominiums which included a graph of sales activity for the eleven buildings there (please see Diagram 1)

Building Name Total
Units
Units
For Sale
Percent Closed
Sales
Short
Sales
Avg List $
per SqFt
Avg Sold $
per SqFt
Year Built
Asia 123 17 13.8% 0 0 $973 TBD 2008
Brickell Key One 316 28 8.9% 7 1
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Miami River Brickell Condos Opportunities

There are ten completed buildings along the Miami River near Brickell area. Several have become great buying opportunities for the serious investor. There are two different situations developing in this neighborhood.

One affects the early buildings like One Miami, Neo Lofts, Neo Vertika and Brickell on the River North. These have a high number of foreclosures and short sales which will become foreclosures. The opportunity here is to get a bank-owned unit. These buildings are … Read More

Brickell Condos
Foreclosure and Bank Owned Opportunities

There are five buildings in the Brickell area that have become great buying opportunities for the serious investor. These include the Club at Brickell Bay, Mark on Brickell, Skyline on Brickell, Solaris and the Vue at Brickell. These buildings are struggling, they have a very large percentage of their units for sale (see chart below). They have many short sale offerings which will become bank owned foreclosures and they are probably not collecting all the … Read More