As has been the case in recent months, the majority of real estate transactions taking place in Brickell Key continue to involve distressed properties. Each sale, including short sales and foreclosures, sets a precedent for the next and puts downward pressure on prices. Average prices per square foot continue to fall and at best remain constant with those observed in 2008.
Three Tequesta Point / 848 Brickell Key Drive # 2002 / 2 Bedrooms 2 Baths / List Price: $575,000 / Sale Price: $500,000 / Price per square foot: $347.22 / Closing Date: 01-20-09
Courts Brickell Key / 801 Brickell Key Boulevard # 1101 / 2 Bedrooms 2 Baths 1 Half Bath / List Price: $515,000 / Sale Price: $432,000 / Price per square foot: $337.50 / Closing Date: 11-09-09 / Short Sale
Carbonell Condo / 901 Brickell Key Boulevard # 2502 / 1 Bedroom 1 Bath / List Price: $325,000 / Sale Price: $325,000 / Price per square foot: $302.04 / Closing Date: 01-23-09 / Foreclosure
Isola Condo / 770 Claughton Island Drive #1015 / 2 Bedrooms 2 Baths / List Price: 275,000 / Sale Price: $286,000 / Price per square foot: $268.54 / Closing Date: 01-08-09 / Short Sale
Isola Condo / 770 Claughton Island Drive #406 / 2 Bedrooms 2 Baths / List Price: 238,918 / Sale Price: $215,919/ Price per square foot: $229.70 / Closing Date: 01-16-09 / Short Sale
Courvoisier Courts / 701 Brickell Key Boulevard #1108 / 1 Bedroom 1 Bathroom / List Price: $219,900 / Sale Price: $210,000 / Price per square foot: $260.55 / Closing Date: 01-09-09 / Foreclosure
Isola Condo / 770 Claughton Island Drive #1715 / 2 Bedrooms 2 Baths / List Price: 197,900 / Sale Price: $215,300 / Price per square foot: $202.16 / Closing Date: 01-07-09 / Foreclosure
Isola Condo / 770 Claughton Island Drive 2108 / 1 Bedroom 1 Bath / List Price: 150,000 / Sale Price: $150,000 / Price per square foot: $223.55 / Closing Date: 01-09-09 / Foreclosure
You may also be interested in Brickell Key Real Estate: 2008 In Review
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