keystone-point-real-estate-market-report-april-2016

Keystone Point Real Estate Market Report – April 2016

 

Keystone Point Real Estate Market Report

There are currently 48 Keystone Point homes for sale: (compared to 45 in March)

  • Highest priced listing: $5,290,000 (open bay Mediterranean estate located at 12485 Keystone Island Dr)
  • Lowest priced listing: $495,000 – 2/3 with 1,412 sq.ft. at 1965 Alamanda Dr
  • Pending Sales (properties under contract): 6
  • Closed sales in April 2016: 0 (compared to 1 in March)
  • Median Sales Price in April (no sales)

There were no sales reported in Keystone Point for the month of April, but this doesn’t mean much, since there have already been 3 sales in May.  Financed deals are taking longer because of the new lending guidelines that started back in October of 2015.  We have noticed that instead of making lenders more diligent, the opposite is actually happening.  Many lenders are taking their time to underwrite loans and are asking for indefinite extensions – this will soon blow up and cause for more strict guidelines to be set in place.  Closings that used to take 30 days to close, are taking 45-60 days.  Keep this in mind because it makes cash deals so much more enticing, with 30 days to close or less. We have no data for the average price per square foot for Keystone Point Homes in April, but averages in previous months are as follows:

Call us if you are thinking about buying or selling in Keystone or know of someone that can benefit from an Architecture REALTOR – we’ll be happy to provide a no obligation consultation. Call us Today for a listing appointment! If you are interested in getting a list of all properties currently for sale in Keystone Point, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at Keystone@miamism.com

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