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Keystone Point Real Estate - monthly market report - Feb 2021

How is the Keystone Point Real Estate Market Doing?

There are currently 13 homes for sale (compared to 15 last month):

  • Highest priced listing $8.9 Million - brand new construction at 2213 Keystone Blvd, with 350' of water frontage, 22,967 SF lot - 5 bedrooms / 6 bathrooms, 6,259 SF ($1422/SF)
  • Lowest priced listing $1.1 Million for the fixer upper at 2040 S. Hibiscus Dr with 3 bedrooms / 4 bathrooms, 2.932 SF on 8,475 SF lot with 75' of water frontage ($375/SF)
  • Pending Sales (Properties under contract): 18
  • Median Sales Price in February: $1,465,000
  • Closed Sales in February: 6 (compared to 4 in January)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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

The average sold price per square foot in Keystone Point in February for homes on the water was $563, compared to:

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top 3 Sales in Keystone Point in February (by square footage)

  • Remodeled home at 13055 Arch Creek Ter with 4 bedrooms / 3 bathrooms, 2,699 SF on 9,375 SF lot with 75' of water frontage. Originally listed in December of 2020 for $1,579,000, increased the same day to $1,679,000 and sold for $1.6 Million ($680/SF)
  • Updated home at 2055 Arch Creek Dr with 3 bedrooms / 3 bathrooms, 2,079 SF on 9,375 SF lot with 75' of water frontage. Listed for $1,595,000 in October, lowered to $1,495,000 and selling for $1.4 Million ($673/SF) **cash transaction
  • Beautifully remodeled 1950 home at 1975 Keystone Blvd with 4 bedrooms / 2.5 bathrooms, 2,504 SF on 10,125 SF lot with 75' of water frontage. Listed for $1,495,000 in December and selling for $1,465,000 ($579/SF)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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:

  • Hot Seller's market with 3 months of inventory at current rate of sales.
  • Average Sales Price is $1.3 Million
  • Sweet spot in sales are homes priced between $1-2 Million
  • 45.3% of all purchase are cash
  • 74.1% of all purchases are for primary residences
  • Buyers are from the U.S. and Argentina

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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