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Keystone Point Real Estate - monthly market report -September 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 18 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 $1,200,000 for the 3/3 dry lot home at 2250 Keystone Blvd ($507/SF)
  • Pending Sales (Properties under contract): 12
  • Median Sales Price in September: $1,535,000
  • Closed Sales in September: 4 ( compared to 7 in August)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

For a list of all properties sold in September 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 September for homes on the water was $803, compared to:

  • 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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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

  • Completely remodeled home 2 houses from Biscayne Bay with 3 bedrooms / 3 bathrooms, 2,215 SF on 9,375 SF lot with 75' of water frontage, located at 2341 Keystone Blvd. Originally listed for $3.2 Million in June and cancelled, relisted for $2.69 Million and sold for $2.35 Million ($1,061/SF) **cash transaction
  • 2350 Arch Creek Dr - corporate owned selling at auction.  3 bedrooms / 3 bathrooms, 2,189 SF on 9,375 SF lot with 75' of canal frontage. Was originally listed in 2018 as a regular sale for $1.4 Million and was cancelled.  Lited at auction for $932,800 in July and sold for $1,535,000 ($701/SF) **cash transaction
  • 13240 Ortega Ln - 4 bedrooms / 3 bathrooms, 3,369 SF on 11,250 SF lot with 80' of canal frontage. Listed for $2,275,000 in May and sold for $2,182,000 ($648/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:

  • Seller's market with 3 months of inventory at current rate of sales.
  • Average Sales Price increased to $1.7 Million
  • Sweet spot in sales are homes priced above $1 Million
  • 53.2% of all purchase are cash
  • 79.4% 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 Italy

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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