I have been tracking this sale since it went pending late last year and was very curious as to what the sale price would be. The property, a 1,303 square foot 2 bedroom 2 bathroom unit on the ninth floor of Courts Brickell Key was listed as a short sale and went under contract nine days after the price was reduced to $300,000 from $349,000. To my surprise, the sale closed just two months later and at asking price.
Another interesting sale at Courts Brickell Key was that of a 1,280 square foot 2 bedroom 2 bathroom corner unit on the twenty second floor. The property, also listed as a short sale, closed last week with a sale price of $375,000; almost $50,000 below asking price. Let’s hope this is an indication that banks are becoming more efficient at handling short sales.
So far this year, there have been four sales at Courts Brickell Key with an average price per square foot of $296.62. The average price per square foot for this building in 2008 was $337.00
Looking to buy or sell a property in Brickell Key? Please contact me at 786-301-1054 or send me a note here.
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