keystone-point-real-estate-monthly-market-report-march-2021

Keystone Point Real Estate – monthly market report – October 2021

How is the Keystone Point Real Estate Market Doing?

There are currently 19 homes for sale (same as last month):

  • Highest priced listing $7.35M for the open bay home at 13255 Biscayne Bay Drive with 102′ of water frontage, 4 bedrooms / 3.5 bathrooms, 5,000+ square footage and chance to buy adjacent property as well ($1,458/SF)
  • Lowest priced listing $1,599,900 for the dry lot 3/2 at 2140 Alamanda Dr on a 9,375 SF lot.
  • Pending Sales (Properties under contract): 15
  • Median Sales Price in October: $1,800,000
  • Closed Sales in October: 3 ( compared to 4 in September)

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What sold in Keystone Point last month?

For a list of all properties sold in October please email us at Keystone@miamism.com

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What is the average price per square foot in Keystone Point?

The average sold price per square foot in Keystone Point in September for homes on the water was $860, compared to:

  • September’s average $803
  • August’s average $765/SF
  • July’s average $654/SF
  • June’s average $829/SF
  • May’s average $757/SF
  • April’s average $687/SF
  • March’s average $604/SF
  • February’s average $563/SF
  • January’s average $542/SF
  • 2020’s average of $522/SF

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Top and only 3 Sales in Keystone Point in October (by square footage)

  • Bay front home at 13155 Biscayne Bay Dr with 6 bedrooms / 6 bathrooms, 5,956 SF on 15,270 SF lot with 101′ of open bay water frontage. This home was listed for $6.9 Million in April, decreased to $5.95 M in June and sold for $5.6M ($940/SF) **cash transaction
  • Corner waterfront home at 12901 Oleander Rd with 4 bedrooms / 3 bathrooms, 10,425 SF with 205′ of water frontage. Listed for $1.95 M in May and sold for $1.8 M ($779/SF) **cash transaction
  • Dry lot home at 1960 Keystone Blvd with 2 bedrooms / 2 bathrooms, 2,071 SF on 8,400 SF lot. Listed in September for $989,000 and sold for $994,000 ($480/SF) **cash transaction

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Keystone Point Deep Market Stats

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Some key points you should know:

  • Seller’s market with 4 months of inventory at current rate of sales.
  • Average Sales Price increased to $1.6 Million
  • Sweet spot in sales are homes priced above $1 Million
  • 55.2% of all purchase are cash
  • 80.6% of all purchases are for primary residences
  • Average discount is 7% for all purchases in the last 12 months
  • Buyers are not just local and from other US states but also from Italy

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