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APPENDIX: Sales Analysis of 1,2,3,4 bedroom units in Brickell and Downtown Miami. We analyzed the Brickell and Downtown area

Not only did properties increase in value they

by comparing the 4th quarter of 2011 sales

were also less days on the market (15.1%-

information with the 4th quarter of 2012 sales

26.9%) before being sold.

information. We made a general analysis for the greater Brickell/Downtown Area and a

As can be seen from the availability of units,

more specific analysis focusing specifically

the months of inventory in the last quarter of

on Downtown Miami, Wynwood/Art District,

2012 for 1, 2 and 3 bedroom units went down

Brickell Financial District, Brickell Key and the

by respectively 4.9%, 31.3% and 12.7%.

Historic Brickell.

Applying the supply and demand theory on these units, we can conclude that demand

In order to be more accurate for budget and

for these units is still high as the inventory is

investment purposes we analyzed 1,2,3 and

down and prices are increasing.

4 bedroom units separately. Only for 4 bedroom units the months of inventory did increase by 30% to 13 months. Market Analysis Brickell/Downtown Miami

A 6-9 month inventory is considered normal.

When comparing the 4th quarter of 2011

Given that the inventory is higher than 6-9 months we are still finding ourselves in a buyers

with the 4th quarter of 2012 it can be seen

market. The 1 and 2 bedroom unit market

that the amount of closed sales for 2 and 3

is close to becoming a sellers market (low

bedroom units increased with a significant

months of inventory and decreasing levels

percentage. The (more scarce) 4 bedroom

of available units) whereas 3 and 4 bedroom

units had the same amount of sold units in Q4

2011

compared

to

Q4

2012

units are still in a buyers market with higher

and

levels of inventory and more units for sale.

1 bedroom units sold 8.1% less than during last

quarter

in

2011.

This

doesn’t

automatically mean there is less demand for these units. Sales prices went up by 17.6% to 27.9% (27% for 1 bedroom units) and the average price per sq.ft, increased with a minimum of 14.9% for 4 bedroom units and with a maximum of 31% for 3 bedroom units.

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INVESTORS GUIDE 2013

Information derived from Florida MLS and EWM Trendgraphics

DAVID SIDDONS GROUP, EWM REALTY INTERNATIONAL

Investors Guide to Brickell and Downtown Miami 2013  

A complete investors guide to buying real estate in Brickell and Downtown Miami. A look back on changes December 2011- December 2012

Investors Guide to Brickell and Downtown Miami 2013  

A complete investors guide to buying real estate in Brickell and Downtown Miami. A look back on changes December 2011- December 2012

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