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Keystone Point Real Estate - monthly market report - July 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Keystone Point Real Estate Market Doing?

There are currently 19 homes for sale (compared to 15 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 $998,000 for the non-waterfront home at 2035 S Hibiscus Dr with 3 bedrooms / 3 bathrooms and 8,475 SF lot ($465/SF)
  • Pending Sales (Properties under contract): 12
  • Median Sales Price in July: $1,815,000
  • Closed Sales in July: 5(compared to 7 in June)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

For a list of all properties sold in July, 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 July for homes on the water was $654, compared to:

  • 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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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

  • Fixer upper at 12885 Hickory Rd with oversized, corner lot (12,750 SF).  This home has 3 bedrooms / 3 bathrooms, 2,423 SF of living space and 90' of water frontage - selling at $823/SF **cash transaction
  • Recently renovated home at 13005 Ortega Ln with 3 bedrooms / 3.5 bathrooms, 2,628 SF on 9,970 SF lot with 80' of water frontage. Selling at $799/SF **cash transaction
  • Recently renovated home at 1905 Keystone Blvd with 4 bedrooms / 2.5 bathrooms, 2,199 SF on 10,125 SF lot with 75' of water frontage.  Selling at $750/SF **cash transaction

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:

  • Seller's market with 3 months of inventory at current rate of sales.
  • Average Sales Price increased to $1.6 Million
  • Sweet spot in sales are homes priced between $1-2 Million
  • 52.1% of all purchase are cash
  • 75.3% 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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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