Market Trends: 5/20/2012
Brickell
Market Snapshot
Total Properties Listed:
1,088
Month-Over-Month Change: -2.6%
Average List Price:
$694,257
Month-Over-Month Change: -1.59%
Median List Price:
$420,000
Month-Over-Month Change: -1.18%
Typical Property
Condo
1.87 Bedrooms
2.03 Baths
$694,257 Average List Price
$432/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$320,056
2 Bedrooms:
$618,289
3 Bedrooms:
$1,197,956
4 Bedrooms:
$2,191,515
5 Bedrooms:
$3,501,555
Top 5 Most Viewed Properties
Brickell, FL Real Estate:
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Brickell Real Estate
About Brickell
Brickell is Miami and South Florida's major financial district. It lies south of the Miami River, extending south to SW 26th Road (the Rickenbacker Causeway), and is mostly mixed financial and residential north of Broadway (SW 15th Road), and mostly residential south of Broadway. The area of Brickell south of Broadway is mainly low and mid-rise residential buildings west of Brickell Avenue and high-rise residential to the east of Brickell Avenue.
With rapid urbanization over the decades, very little remains of the original character of Brickell. Brickell was originally platted for mansions and large homes by Mary Brickell, which thus led to the name "Millionaire's Row." With the growth of the city, especially in the 1970s onwards, Brickell's character began to change with the construction of high-rise office towers along Brickell Avenue, and high-rise residential towers in lower Brickell, south of SE 15th Road (Broadway). A commercial boom in the 1980s, brought mass construction of office towers to Brickell, and subsequent construction, would further change the neighborhood into the dense, urban, residential and commercial neighborhood it is today.
Brickell is also a dense, high-rise residential neighborhood with many upscale, luxury condominium and apartment towers. Referred to as the "Manhattan of the South, Brickell is home to the largest concentration of international banks in the United States, mostly along Brickell Avenue, Brickell's main north-south avenue and along Miami Avenue, home to many popular Miami restaurants, shops and places of entertainment. A few hundred feet east of the northeastern side of Brickell is Brickell Key, a gated island of upscale, high-rise residential and hotel towers. As of 2009, over 190,000 office employees work in Downtown and Brickell.
Today, the Brickell and Downtown Miami neighborhoods are the fastest-growing neighborhoods in Miami, growing from 40,000 residents in 2000 to 71,000 in 2010. Brickell is served by the Miami Metrorail at the Brickell station and by 5 stations of the Metromover's Brickell Loop. Recent construction in Brickell has also enlarged the urban core of Brickell from Brickell Avenue west to the Metrorail line, with new office and residential towers, such as Axis at Brickell Village. As of 2010, 31,759 residents live in Brickell, among them, famous celebrities such as José José, Luis Miguel, Clinton Portis, Jennifer Lopez and Marc Anthony.