Brickell real estate trends have shifted back to new construction rekindling demand for prime Brickell and Downtown Miami Luxury Real Estate.

A lot of attention has been given to the new condo boom within the Brickell and Downtown Miami urban cores. If there was ever any doubt of Brickell's incredible untapped value, let it be removed by the ever resilient Miami real estate market. Our clients have been invested into these markets for many years and it's gratifying to see Brickell and other communities continue to mature.

But what about the resale market? You know, the buildings that were built in the last cycle and those prior to that. How have they fared in this new resurgence? Are they losing value? Are real estate resale inventories skyrocketing or plummeting because of shifting demands for new real estate developments?

We took a small sample of the zip code 33131 (Green Shaded Area on above map image) which is again near the epicenter of the latest Brickell Real Estate boom. In our sample we looked at a years worth of closings (April 2013 - April 2014) to see how the resale market has fared. In this sample we only looked at condominiums and no other property types for re-sale in the area.

Are Brickell Real Estate Trends Positive?

The short answer is yes. The chart below (Click to enlarge), gives a few hints. The first takeaway is that resale condo prices per square foot in the 33131 zip code and Brickell Avenue area have continued a steady rise up until March of this year as noted by the blue moving average line on the chart. The green line at the bottom of the chart shows how each successive months resale inventory in the Brickell Condo market has continued to shrink.

Could new construction hurt the Brickell resale market?

Short answer: Maybe...It could be argued that the there is a potential dip in resale values coming as a result of all these new developments hitting a critical mass. I am inclined to not totally agree with this notion. The cost of new construction, land, amenities and the purchasing models being used by most real estate developers today, places the cost of these projects into a different economic bracket altogether. Also, within this specific zip code there has been no major spike in inventory as we have seen in a few other places just north of Downtown Miami.

In addition, there is some seasonality to take into account and also the fact that short sales and bank owned properties are still a very real part of the resale landscape. Thankfully, Short Sales and REO's are becoming a smaller part of the Brickell real estate market but they can still have an impact on the moving average.

Overall, Brickell Real Estate trends are positive for the condo resale market and have been growing in value at a steady rate. With a continued easing on condo lending and the entrance of more lenders, we expect the market to remain stable.

One of the original buildings of Brickell Key Island. Brickell Key One condominium located at 520 Brickell Key Blvd on Brickell Key Island was built in 1982. With a total of 316 units and 22 stories Brickell Key One has spacious amenities and interiors built around unique polynesian interior styling and lots of amenities.

Located on the East side of Brickell Key Island, Brickell Key One has fantastic views of the bay, surrounding islands, city and everything in between.

Brickell Key One has excellent amenities: Concierge, Pool, Gym, community room, 24 hour security, valet parking, tennis (Hartru and Synthetic Grass and sand). 

Below, you will find a complete list of all currently available real estate for sale and for rent at Brickell Key One Brickell Key Miami.

Despite what might seem like an older building, Brickell Key One Brickell Key Miami Condos offers Luxurious living on exclusive Brickell Key island in the heart of Miami.

520 Brickell Key Dr Miami Fl 33131 Active Real Estate Listings For Sale And Rent

Brickell Key II at 540 Brickell Key Drive, Miami, Fl 33131. All real estate listings are updated daily. 

Brickell Key II on Brickell Key Island, was built in 1991. It is located next door to Brickell Key I which is it's sister building and architecturally similar. Brickell Key II is best known for being a very social and friendly building that is well maintained. The building is currently completing a major renovation of it's exterior including new railings, painting and structural improvements. Like many building on the island, Brickell Key II has 24 hour manned security with cameras both in the building and the parking garage. It is a very safe building. One other advantage to the building is ample parking should you need an extra space. The free-form pool is one of the largest on the island. The full gym overlooks the pool and gardens. There is a Tiki hut that can be rented for events as well as two barbecue stands for outdoor get togethers. Brickell Key II is situated on Claughton island that is a 40 acre enclave of exclusive condominiums, offices and the Mandarin Oriental Hotel & Spa. Just minutes away by foot is all that Brickell Avenue has to offer making this the perfect balance between urban living and a resort-like island lifestyle.

Here are a list of amenities and features for Brickell Key II:

• Built in 1991
• 18 floors
• 24 hour security
• All windows and doors have hurricane shutters
• views to Biscayne Bay, Virginia Key, Downtown Miami, Fisher Island, the Port of Miami and beyond.
• Studio apartments to 3 bedroom homes ranging in size from 360 to over 2700 sq. ft.
• Pet Friendly building (owners only)
• On site management (managementoffice@bk2condo.com or 305-381-7777)
• Pool, spa, gym, sauna, tennis courts, racquet ball, onsite food store, children's play room and community room.
• Assigned parking and ample additional parking available upon request.

Brickell Key II is a great place to call home and very competitively priced. To learn more about the area please call us at 305-349-3643 or via email at info@www.emh3.com.

540 Brickell Key Dr Miami Fl 33131 Real Estate for Sale: