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Keystone Point Real Estate - monthly market report - May 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Keystone Point Real Estate Market Doing?

There are currently 15 homes for sale (compared to 14 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 $999,999 for the 3/3 remodeled, non-waterfront home at 2075 Hibiscus Dr with 2,003 SF on 10,300 SF lot ($499/SF)
  • Pending Sales (Properties under contract): 16
  • Median Sales Price in May: $1,610,000
  • Closed Sales in May: 7 (same as April)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

For a list of all properties sold in May, 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 May for homes on the water was $757, compared to:

  • 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 May (by square footage)

  • 2104 NE 124th St was the highest sale per square foot in Keystone in the month of May.  This canal front home with a fixed bridge sold for $1,033/SF as an **all cash transaction.  It was listed for 4 $1.55 Million and sold above asking for $1,610,000. It's a 3 bedroom / 2 bathroom home with 1,910 SF in 11,250 SF lot with 75' of water frontage.
  • 13205 Arch Creek Terrace was listed for $1.84 Million and sold for $1.85 Million ($832/SF) also as an **all cash transaction. This is a 3 bedrooms / 3 bathroom home with 2,211 SF on 9,375 SF lot with 75' of water frontage
  • 12930 Auralia Rd - a 3/2 with 2,129 SF on 9,032 SF lot with 75' of water frontage was listed in March for $1.55 Million and sold for full-price ($815/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 is $1.5 Million
  • Sweet spot in sales are homes priced between $1-2 Million
  • 46.3% of all purchase are cash
  • 73.2% of all purchases are for primary residences
  • Average discount is 7% for all purchases in the last 12 months

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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