More great news for investors, and for people who are still making the decision to become an owner in Miami: 2010 had a great sales performance, with 62% more condos sold thru January and September than in the same period in 2009. This means that only in the first nine months of the year, 2010 exceeded 2009 sales, with 2,754 condos in Brickell, Downtown Miami and Brickell Key areas sold, in comparison with the 1,714 that did so past year. (In the picture, the Marina Blue condo, a 58-story new condo, finished in 2008, starting at $200,000!)

This great gain shows the kind of impact that foreign buyers have had in our market. It is worthy to highlight that the 62% jump happened only for Brickell and downtown condos, due to the enormous interest that this urban spots caught worldwide. New condos built from 2003 in this area are highly appealing, with state-of-the-art features and great amenities surrounding them at a small walking distance.

This kind of demand behavior over waterfront condos in Miami didn’t happen the same for other traditionally appealing areas like South Beach and Miami Beach. These areas take a bet more on the prices than on the amount of units sold. In some ultra luxurious condos like the Apogee or the W South Beach, per square foot prices haven’t fell below $1,000, a spectacular price considering current market conditions.

Tags: Brickell Condos, Brickell Key Condos, Condos for sale in Miami, Downtown Miami Condos, Marina Blue Condo, New Condos for Sale, Waterfront Condos

This entry was posted on Friday, January 7th, 2011 at 1:15 pm and is filed under Downtown/Brickell, Miami Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.