Brickell Condo Market – April 2017

As inventories continue to rise, sellers continue to reduce asking prices.  The big factor influencing the Brickell condo market is the value of the dollar vis-a-vis Latin American currencies. Key statistics as follows:

  • Buoyed by lower asking prices,  total # of units sold increased  by 17% from April 2016 to April 2017
  • Inventory rose by 6% from April 2016 to April 2017
  • Inventory rate of absorption dropped from 27.5 months worth of inventory during April 2016 to 25 months worth of inventory in April 2017