Real Estate Sales Data For Brickell Key. A Full Market Report for the Island.

Gross rental yield

Twelve months of the median rent divided by the median sale price for the same kind of unit in this area.

It is a quick, before-expenses gauge of rental returns. HOA fees, taxes, insurance, vacancy and maintenance all reduce the actual return.

Median sale price

Half of the condos that closed in the period sold for more than this, and half for less.

We use the median rather than the average so that a few very expensive sales don't distort the picture. The change chip compares it with the 12 months before.

Median price per square foot

Each sale price divided by the unit's living area, then the middle value of all those sales.

It lets you compare units of different sizes. View, floor height, condition and building amenities all push it up or down.

Closed sales

The number of condo sales that closed, meaning the deal was completed and recorded as sold in the MLS.

More closings than a year ago usually signals stronger buyer demand; fewer can mean buyers are waiting or inventory is thin.

Median days on market

For units that sold, the typical number of days between the listing going live and the seller accepting an offer.

Longer times usually mean buyers have more choice and more room to negotiate. Shorter times point to a faster, more competitive market.

Months of supply

How long it would take to sell every unit currently listed if sales continued at the past year's pace: active listings divided by average monthly sales.

As a rule of thumb, under 4 months tends to favor sellers, 4 to 7 months is balanced, and over 7 months gives buyers more leverage.

Sale-to-list ratio

The final sale price as a share of the last asking price, averaged across sales.

A ratio of 97% means units typically sold for about 3% below their final asking price. Above 100% means buyers paid more than asking.

Sold vs. original asking price

The final sale price as a share of the price the unit first came on the market at, averaged across sales.

It includes every price cut along the way plus the final negotiation, so it shows the full distance between what sellers first asked and what buyers paid. 90% means units sold about 10% below their first asking price.

Sales with price cuts

The share of sold units whose asking price was lowered at least once before they sold. The chip shows the typical size of that cut.

A high share means sellers often start above what the market will pay and have to come down.

Asking price per sq ft now

The median asking price per square foot of units for sale today, compared with the median price per square foot of units that actually sold in the last 12 months.

This is the gap between what sellers want and what buyers have been paying. A wide gap usually means listings sit longer and prices come down.

Gross rental yield

Twelve months of the median rent divided by the median sale price for the same kind of unit in this area.

It is a quick, before-expenses gauge of rental returns. HOA fees, taxes, insurance, vacancy and maintenance all reduce the actual return.

Median sale price

Half of the condos that closed in the period sold for more than this, and half for less.

We use the median rather than the average so that a few very expensive sales don't distort the picture. The change chip compares it with the 12 months before.

Median price per square foot

Each sale price divided by the unit's living area, then the middle value of all those sales.

It lets you compare units of different sizes. View, floor height, condition and building amenities all push it up or down.

Closed sales

The number of condo sales that closed, meaning the deal was completed and recorded as sold in the MLS.

More closings than a year ago usually signals stronger buyer demand; fewer can mean buyers are waiting or inventory is thin.

Median days on market

For units that sold, the typical number of days between the listing going live and the seller accepting an offer.

Longer times usually mean buyers have more choice and more room to negotiate. Shorter times point to a faster, more competitive market.

Months of supply

How long it would take to sell every unit currently listed if sales continued at the past year's pace: active listings divided by average monthly sales.

As a rule of thumb, under 4 months tends to favor sellers, 4 to 7 months is balanced, and over 7 months gives buyers more leverage.

Sale-to-list ratio

The final sale price as a share of the last asking price, averaged across sales.

A ratio of 97% means units typically sold for about 3% below their final asking price. Above 100% means buyers paid more than asking.

Sold vs. original asking price

The final sale price as a share of the price the unit first came on the market at, averaged across sales.

It includes every price cut along the way plus the final negotiation, so it shows the full distance between what sellers first asked and what buyers paid. 90% means units sold about 10% below their first asking price.

Sales with price cuts

The share of sold units whose asking price was lowered at least once before they sold. The chip shows the typical size of that cut.

A high share means sellers often start above what the market will pay and have to come down.

Asking price per sq ft now

The median asking price per square foot of units for sale today, compared with the median price per square foot of units that actually sold in the last 12 months.

This is the gap between what sellers want and what buyers have been paying. A wide gap usually means listings sit longer and prices come down.

Gross rental yield

Twelve months of the median rent divided by the median sale price for the same kind of unit in this area.

It is a quick, before-expenses gauge of rental returns. HOA fees, taxes, insurance, vacancy and maintenance all reduce the actual return.

Median sale price

Half of the condos that closed in the period sold for more than this, and half for less.

We use the median rather than the average so that a few very expensive sales don't distort the picture. The change chip compares it with the 12 months before.

Median price per square foot

Each sale price divided by the unit's living area, then the middle value of all those sales.

It lets you compare units of different sizes. View, floor height, condition and building amenities all push it up or down.

Closed sales

The number of condo sales that closed, meaning the deal was completed and recorded as sold in the MLS.

More closings than a year ago usually signals stronger buyer demand; fewer can mean buyers are waiting or inventory is thin.

Median days on market

For units that sold, the typical number of days between the listing going live and the seller accepting an offer.

Longer times usually mean buyers have more choice and more room to negotiate. Shorter times point to a faster, more competitive market.

Months of supply

How long it would take to sell every unit currently listed if sales continued at the past year's pace: active listings divided by average monthly sales.

As a rule of thumb, under 4 months tends to favor sellers, 4 to 7 months is balanced, and over 7 months gives buyers more leverage.

Sale-to-list ratio

The final sale price as a share of the last asking price, averaged across sales.

A ratio of 97% means units typically sold for about 3% below their final asking price. Above 100% means buyers paid more than asking.

Sold vs. original asking price

The final sale price as a share of the price the unit first came on the market at, averaged across sales.

It includes every price cut along the way plus the final negotiation, so it shows the full distance between what sellers first asked and what buyers paid. 90% means units sold about 10% below their first asking price.

Sales with price cuts

The share of sold units whose asking price was lowered at least once before they sold. The chip shows the typical size of that cut.

A high share means sellers often start above what the market will pay and have to come down.

Asking price per sq ft now

The median asking price per square foot of units for sale today, compared with the median price per square foot of units that actually sold in the last 12 months.

This is the gap between what sellers want and what buyers have been paying. A wide gap usually means listings sit longer and prices come down.

Gross rental yield

Twelve months of the median rent divided by the median sale price for the same kind of unit in this area.

It is a quick, before-expenses gauge of rental returns. HOA fees, taxes, insurance, vacancy and maintenance all reduce the actual return.

Median sale price

Half of the condos that closed in the period sold for more than this, and half for less.

We use the median rather than the average so that a few very expensive sales don't distort the picture. The change chip compares it with the 12 months before.

Median price per square foot

Each sale price divided by the unit's living area, then the middle value of all those sales.

It lets you compare units of different sizes. View, floor height, condition and building amenities all push it up or down.

Closed sales

The number of condo sales that closed, meaning the deal was completed and recorded as sold in the MLS.

More closings than a year ago usually signals stronger buyer demand; fewer can mean buyers are waiting or inventory is thin.

Median days on market

For units that sold, the typical number of days between the listing going live and the seller accepting an offer.

Longer times usually mean buyers have more choice and more room to negotiate. Shorter times point to a faster, more competitive market.

Months of supply

How long it would take to sell every unit currently listed if sales continued at the past year's pace: active listings divided by average monthly sales.

As a rule of thumb, under 4 months tends to favor sellers, 4 to 7 months is balanced, and over 7 months gives buyers more leverage.

Sale-to-list ratio

The final sale price as a share of the last asking price, averaged across sales.

A ratio of 97% means units typically sold for about 3% below their final asking price. Above 100% means buyers paid more than asking.

Sold vs. original asking price

The final sale price as a share of the price the unit first came on the market at, averaged across sales.

It includes every price cut along the way plus the final negotiation, so it shows the full distance between what sellers first asked and what buyers paid. 90% means units sold about 10% below their first asking price.

Sales with price cuts

The share of sold units whose asking price was lowered at least once before they sold. The chip shows the typical size of that cut.

A high share means sellers often start above what the market will pay and have to come down.

Asking price per sq ft now

The median asking price per square foot of units for sale today, compared with the median price per square foot of units that actually sold in the last 12 months.

This is the gap between what sellers want and what buyers have been paying. A wide gap usually means listings sit longer and prices come down.

Gross rental yield

Twelve months of the median rent divided by the median sale price for the same kind of unit in this area.

It is a quick, before-expenses gauge of rental returns. HOA fees, taxes, insurance, vacancy and maintenance all reduce the actual return.

Median sale price

Half of the condos that closed in the period sold for more than this, and half for less.

We use the median rather than the average so that a few very expensive sales don't distort the picture. The change chip compares it with the 12 months before.

Median price per square foot

Each sale price divided by the unit's living area, then the middle value of all those sales.

It lets you compare units of different sizes. View, floor height, condition and building amenities all push it up or down.

Closed sales

The number of condo sales that closed, meaning the deal was completed and recorded as sold in the MLS.

More closings than a year ago usually signals stronger buyer demand; fewer can mean buyers are waiting or inventory is thin.

Median days on market

For units that sold, the typical number of days between the listing going live and the seller accepting an offer.

Longer times usually mean buyers have more choice and more room to negotiate. Shorter times point to a faster, more competitive market.

Months of supply

How long it would take to sell every unit currently listed if sales continued at the past year's pace: active listings divided by average monthly sales.

As a rule of thumb, under 4 months tends to favor sellers, 4 to 7 months is balanced, and over 7 months gives buyers more leverage.

Sale-to-list ratio

The final sale price as a share of the last asking price, averaged across sales.

A ratio of 97% means units typically sold for about 3% below their final asking price. Above 100% means buyers paid more than asking.

Sold vs. original asking price

The final sale price as a share of the price the unit first came on the market at, averaged across sales.

It includes every price cut along the way plus the final negotiation, so it shows the full distance between what sellers first asked and what buyers paid. 90% means units sold about 10% below their first asking price.

Sales with price cuts

The share of sold units whose asking price was lowered at least once before they sold. The chip shows the typical size of that cut.

A high share means sellers often start above what the market will pay and have to come down.

Asking price per sq ft now

The median asking price per square foot of units for sale today, compared with the median price per square foot of units that actually sold in the last 12 months.

This is the gap between what sellers want and what buyers have been paying. A wide gap usually means listings sit longer and prices come down.