View of Downtown Miami

Market Stat Monday: Almost $50 Million In Contracts Signed Post-Irma

October 2, 2017

view of Downtown Miami skyline day

It has been a few weeks now since the skies have cleared in Greater Downtown Miami after Hurricane Irma’s brush, and despite a little bit of flooding and debris, we were very lucky. Now that cleanup is under way, how have the condo sales fared?

Not too bad, if I must say. Despite having only two functional weeks in September, nearly $50 million in resale contracts were signed on 79 total units.

The least expensive listing to find a buyer was at the Loft II Downtown, where a 770 square foot one bedroom was listed for $175,000. Of the 79 units that went to contract, 50 of them were listed for under $500,000. We will find out the final sales prices once they close.

In the luxury segment, there were a total of 6 properties listed over $1 million that found buyers. Among them was the crown jewel penthouse #1 at Asia on Brickell Key. With nearly 5,000 interior square feet through three levels including a dramatic rooftop terrace with a private pool, the sellers had asked $8.5 million, or $1,715/square foot.

Comparing September of 2017 to September of 2016, you will see that 2016 brought both a higher number of transactions as well as a higher volume of listings sold, but not enough to make it an overall better month considering that September 2017 was short due to people being distracted by the hurricane and Hurricane Matthew didn’t brush South Florida until October of last year. September of 2016 brought just over $60 million of listings sold, with 119 total transactions.

To celebrate the end of a successful yet stressful September, let’s check out some photos of that Asia Penthouse!

Asia Brickell Key Penthouse

Asia at Brickell Key

Asia at Brickell Key

Asia at Brickell Key Penthouse Elevator Lobby

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse Kitchen

Asia at Brickell Key Penthouse Kitchen

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse Master Bath

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse

Asia at Brickell Key Penthouse Rooftop

Asia at Brickell Key Penthouse Rooftop

Asia at Brickell Key Penthouse Rooftop Pool

Asia at Brickell Key Penthouse Rooftop

 

 

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