2014/2015 PRICE EVOLUTION IN BRICKELLIn Brickell the prices and the volume of sales has been more stable than in South Beach. Let's have a look at it in more details.
Indeed, last month, we were warning you about the situation in South Beach where the increase in prices has lead to a drop in sales volume. In Brickell, prices have been steadier over the past 2 years, hence a constant volume of sales despite the preconstruction inventory.
However a few high end condos did experience a drop in sales. Asia and Jade Brickell took a great hit with respectively a 62% and 33% drop in sales volume . It looks like some of the most expensive condos have reached a certain price level and the buyers are not willing on exceeding that level, hence the drop in sales.
EXCLUSIVE NEW SPOT: THE DECK AT ISLAND GARDENSIt's just been launched a week ago and I'm giving you the secret to one of Miami's new trendiest spot.The new marina lounge concept is called the Deck on Watson Island. It is the talk of the town! I went there last Saturday and even if it was pretty cold last week-end I enjoyed a lot this elegant trendy new hot spot.
The impressive deck comes with breathtaking views of the waterfront, a fancy crowd and a delicious rotating menu. Enjoy the sunset with a mojito at this new place.
Don't forget that Miami is the world's newest superyacht capital, so you might meet the elite of yachting there!
CONDO SHARK - CONDO DEALS FINDERWe had created back in 2007 a great tool called Condoshark. It's a tool that tracks financially distressed properties when the selling price has drastically dropped over the past months. We decided to design it specifically for investors, bargain seekers and real estate speculators who are prepared to react quickly as opportunities arise. Now that the market is softening again, it's time to check it out.
How does it work? It monitors all Miami condos for sale in the entire MLS database. Whenever a seller decrease drastically the price of its property it shows up in the system, Condo shark takes it into account and display the best 10 deals available in every neighborhood.
Every property displays condominium name, original listing price, current asking price, price reduction percentage, condo dimension and number of bedrooms and bathrooms. Have a look!
AUBERGEMiami welcomes Auberge to the cosmopolitan location of 1400 Biscayne. It is said to offer the ultimate luxury living experience offering unobstructed bay views. What amazes me when we visited the sales center are the prices. They start are $575/sqft and you are in the heart of Downtown Miami. These prices beat all the new development. The other great aspect is that it's a condo in a hotel so you can enjoy all the hotels services without paying for them, the maintenance fee is only $0.75/sqft.
Amenities for Auberge residents include: on site full concierge services, pre-arrival shopping, on site high-end Auberge restaurant with world renowned chefs, in-room dining, daily maid service, airport transportation, a luxurious world-class spa, a complete fitness center and yoga classes, and a breathtaking infinity roof top pool. The luxury development will have museum quality art throughout with artists such Jaume Plensa, Fernando Botero and Julio Le Parc.
Auberge Residences and Spa Miami will be a 60 story development featuring 1, 2, 3 and 4 bedrooms. Let me know if you want to visit the sales center.
CIRQUE DU SOLEIL IN TOWNRecognized over the world, Cirque du Soleil has constantly sought to evoke imagination, invoke senses and provoke emotions. Discover the highly creative and artistic shows from Cirque du Soleil presented in your city: Miami. Toruk, the first flight is a live multimedia immersive show that brings to the stage the outstanding world of James Cameron's Avatar in a unique way.
Toruk is the central character of the show, and will be brought to life as a life-sized puppet, along with Pandoran animals such as the Direhorse, the Austrapede, the Turtapede, and a Viperwolf.
Another good thing is that it will take place at the American Airlines Arena this time from March 10th to 13th. Click here to order your tickets. I have booked mine already!