Growing supply pushing Brickell condo sales, rents down
Written by Miami Today on March 6, 2018
As the number of condos for sale in Brickell remains high, values and rents continue to trend downward as a result of supply averages being higher than the norm, says Ron Shuffield, president of EWM Realty.
“We have definitely seen the values trending down and rents trending down in all price ranges,” Mr. Shuffield said. “In the over $1 million market we saw prices begin to trend downward in August of 2015, while in the under $1 million market and single-family homes market we’ve seen increases in value because that’s where the majority of buyers are.” …To read the full story click here