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Condos Prices Up 21.3 Percent in September Suggesting Strong Market Growth

Condos Prices Up 21.3 Percent in September Suggesting Strong Market Growth

Andres Larin
Post by Andres Larin October 25, 2013

It is little surprise that Brickell is thriving – everywhere you look there’s construction going on and new commercial and residential opportunities to enjoy. But anecdotal evidence aside, there is plenty of data to back up this encouraging trend.

As the Miami Herald recently reported, condos in Brickell and elsewhere in Miami-Dade County are more popular than ever, a testimony to just how vibrant the region is. Citing data from the reliable Miami Association of Realtors, it found that the median condo price rose 21.3 percent from 2012 to 213, from $150,000 to 181,875.

Similarly, condo sales in the country worse to 1,352 up from 1,292 a year earlier, an increase of 4.6 percent. The inventory of condos for sale also rose by a fair amount: 9 percent, from 5,901 to 6,430. In total, there has been 27 consecutive months of year-over-year price increases for condos. This demonstrates real and sustainable growth, which needless to say bodes well for both sellers and buyers.

Brickell lies at the center of this encouraging trend – it’s been identified as the fastest-growing community in the region, as evidenced by its swelling resident population, high concentration of new condos, and growing number of businesses. Indeed, the community is especially well known for its rich and thriving condo market, hosting one of the highest concentrations of high-rises in Florida.

Brickell is booming and opportunity abounds. With its central location, peerless accessibility, and remarkable fine living accommodations, the market for Brickell Condos has never been more promising – or competitive. To navigate through this real estate market and find the best properties imaginable, trust the firm dedicated to being the one-stop shop for everything Brickell. Call Brickell.com at 305-379-0203.

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