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Keystone Point Real Estate - monthly market report - June 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Keystone Point Real Estate Market Doing?

There are currently 15 homes for sale (same as last month):

  • Highest priced listing $7.5 Million - for the open bay property being marketed for lot value with 17,896 SF and 118' of open bay water frontage (next door property being sold at the same time for opportunity to buy 220' of bay frontage and 33,166 SF) - ($1,629/SF)
  • Lowest priced listing $980,000 for the updated dry lot home at 1955 Alamanda Dr with 4 bedrooms / 3 bathrooms, 1,665 SF on 8,400 SF lot.
  • Pending Sales (Properties under contract): 15
  • Median Sales Price in June: $1,750,000
  • Closed Sales in June: 7 (same as May)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

For a list of all properties sold in June, 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 June for homes on the water was $829, compared to:

  • 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 June (by square footage)

  • 2020 New Construction at 2080 S Hibiscus Dr - 7 bedrooms / 7.5 bathrooms, 7,497 SF on 10,848 SF lot with 115' of water frontage. This home was listed for $7,495,000 and sold for $7.45 Million ($994/SF) **cash transaction
  • 2125 Arch Creek Dr - updated home with 3 bedrooms / 2 bathrooms, 1,602 SF on 9,375 SF lot with 75' of water frontage. Listed for $1,499,000 in April and sold for $1,560,000 ($974/SF)
  • 2055 Ixora Rd - 3 bedrooms / 2 bathrooms, 1,771 SF on 8,550 SF lot with 75' of water frontage. Listed for $1,485,000 I May and sold for $1,485,000 ($839/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
  • 47.3% of all purchase are cash
  • 75.4% 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 France and Italy

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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