SoFlo Intel Report GREAT BUYS IN SOUTH FLORIDA’S POPULAR NEIGHBORHOODS | BRICKELL EDITION 2.0
powered by
Welcome to the SoFlo Intel Report: RelatedISG Realty’s submarket snapshot of the best buys in South Florida’s best neighborhoods. In each issue, we will dive into factors and projects that make these neighborhoods so popular. In this edition, we will focus on South Florida’s Brickell Market.
Sells Out
Reach & Rise Residences at Brickell City Centre ISG World was the exclusive brokerage for Reach and Rise.
“
We are grateful for our sales team at ISG World for their role in this sell-out and thank them for their dedication to the development. Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.
”
Kieran Bowers President of Swire
AS SEEN IN THE
May 21, 2021
Brickell New Construction Summary For Condos Built Since 2012 TOTAL UNSOLD
TOTAL SOLD
53
Unsold Units 5 Flatiron & 48 Una Residences
Total Units 5,657
5,604 / 99%
Sold As of June 2021
CURRENT CYCLE
Brickell Future Deliveries for Traditional Condos Traditional Condos are defined as Condos with no short-term rentals
TOTAL CONDO DELIVERIES
5
4
3
UNA RESIDENCES (to be delivered until 2025)
2
1
1
0
* Projected
0
0
0
0
2021
2022
2023
2024
2025*
A New Cycle Begins
Brickell Related kicks off new condo cycle, teases Baccarat Branded Condo in Brickell.
What is the Real Estate Rule of Thumb? 10% OR MORE OF INVENTORY = BUYER’S MARKET 10% OR LESS OF INVENTORY = SELLER’S MARKET
Brickell Avenue Condos Now A Seller’s Market!
Brickell MLS Resale Snapshot For Condos Built Since 2012
TOTAL NEW CONDOS BUILT SINCE 2012
5,522 TOTAL ACTIVE MLS LISTINGS
515 / 9.33% SELLER’S MARKET!
Brickell Condos Resale Transaction Analysis (Condos Built Since 2012)
JAN - DEC
179
2020
JAN - MAY
222
2021
50
100
150
TOTAL SOLD RESALES
200
250
JANUARY - MAY 2021
104.20 % OF 2020 RESALES
305.931.6511 | RELATEDISGREALTY.COM OFFICES Aventura | Coral Gables | Edgewater | Paraiso | Fort Lauderdale | Weston