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Brickell Condos: Aug. 2019

Brickell Condos: Aug. 2019

More of the Same... Summer continues to be slow in the Brickell Condo market as sales decreased by 16% from last month. On the bright side, inventory continues to decrease. Key stats as follows: Total sales decreased 39% from Aug. 2018 to Aug. 2019 Inventory decreased by 8% from Aug. 2018 to Aug....

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Key Biscayne Real Estate – August 2019

The slowdown in the Key Biscayne real estate activity continued throughout the summer as inventory remained relatively constant and sales activity dropped during August of 2019. Key Stats as follows: Total Inventory inched up by 0.5% from August 2018 to August 2019Total # of units sold dropped by...

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Key Biscayne Real Estate – July 2019

Summer real estate activity in Key Biscayne continued its doldrums as evidenced by its lackluster sales numbers. Stats as follows: Total Inventory rose by 4% from July 2018 to July 2019Total number of units sold decreased by 10% from July 2018 to July 2019Inventory absorption got worse as there...

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Brickell Condos – July 2019

If the trend of decreasing inventory continues, the investor alert alarm should be ringing loud and clear for the Brickell condo market. For more or less the last 2 years condo re-sales have been waging a losing battle with new developments. Since few developments are slated for the near future,...

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Key Biscayne Real Estate – June 2019

While summer has arrived, we continue to experience a slowdown in the area. Key stats as follows: Total Inventory remained flat from June 2018 to June 2019Total # of units sold decreased by 13% from June 2018 to June 2019The rate of absorption decreased from 14 months worth of inventory during...

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Brickell Condos – June 2019

June 2019 figures, while not exciting to the naked eye, point to a much better market during late 2019 to early 2020. Why you wonder? Inventory has been dropping steadily since October of 2018, almost 10%. Most of this can be attributed to the fact that developers have slowed down to a trickle the...

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Key Biscayne Real Estate – May 2019

We continue to see a slowdown in activity in the Key Biscayne Real Estate market. As it has been the trend lately, slowing Latin American economies and a strong dollar have been the culprits. Key stats as follows: Inventory decreased by 2.6% from May 2018 to May 2019Total number of units sold...

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Brickell Condo Markets May 2019

Maybe its my optimism but despite a drop in total number of units sold (down 6.5% from last year during the same month) , the Brickell Condo market is improving as inventory has been dropping steadily since October of 2018 (2,604 units for sale) to its lowest in 2019 so far (2,420 total units)....

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Brickell Condo Market April 2019

Improvement on the Horizon… Despite a drop in total number of sales from last year, overall activity for Condos in the Brickell area seems to be on a slow mend as inventory has reached its lowest level during the calendar year that goes from April 2018 to April 2019. In fact, inventory has been...

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