As Brickell’s luxury sector of the market continues to scrabble around for buyers, Bristol Tower continues to thrive over its neighboring competitors. Since its inception in 1993 and its recent renovation just a few years back, the development’s premise of stylish life on the water has struck a chord among buyers looking to live in this part of Downtown Miami. The prolific success doesn’t surprise me after years of working in the area. Everything from the amenities (which there’s plenty of) to the security to the amazing water views is there in one spot, a natural convenience buyers are willing to pay for.
In addition to the product itself, the location is hard to beat. Nestled in the southern end of Brickell Avenue, Bristol Tower’s setting is quieter and more peaceful than the northern end of the renowned thoroughfare. Nevertheless, it’s still close enough to enjoy the urban lifestyle of Brickell and the excitement that comes with it. Everything from shopping destinations like Brickell City Centre to dining and entertainment options such as the newly opened SLS Brickell is just moments away.
In other words, I humbly believe that this is a must see for anyone looking to buy a waterfront condo in Downtown Miami.
With all said and done, let’s talk numbers. Please see my latest market update below, which features the current stats in the building.
Bristol Tower Market Update | Q1 2017
Home For Sale in February 2017: 14 units as of 2/13/17 – Click here to view them
Starter Unit: #504 | 2/2 | 1,230 SF | $495,000
Top Of The Market Unit: #2902 | 3/4/1 | 2,285 SF | $2,450,000
Closed Sales (Last 90 Days): 3 – Click here to view them
Average Sold Price Per SF: $631/SF
Months Of Inventory | Absorption Rate
Months of Inventory based on Closed Sales: 6.5
Absorption Rate based on Closed Sales: 15.4
Average Days On Market | Selling/List Price Ratio
Average Days on Market in January 2017: 105
Sold/List Price % in January 2017: 93%
Please contact me directly at 305-305-3885 or send me a message here if you’re interested in buying or selling in Bristol Tower.
We are dedicated to providing the best information about Brickell Real Estate. Call us today at 305-305-3885or send us a message here if you’re interested in buying or selling in the area. Our local knowledge of the market, combined with our experience will enable us to provide you with the best possible results