keystone-point-real-estate-monthly-market-report-jan-2021

Keystone Point Real Estate – monthly market report – Jan 2021

How is the Keystone Point Real Estate Market Doing?

There are currently 15 homes for sale:

  • 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 $614,900 – dry lot home at 1945 Alamanda Dr with 3 bedrooms / 3 bathrooms, 1,849 SF on 8,400 SF lot. ($333/SF)
  • Pending Sales (Properties under contract): 14
  • Median Sales Price in January: $1,640,000
  • Closed Sales in January: 4

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What sold in Keystone Point last month?

For a list of all properties sold in January, please email us at Keystone@miamism.com

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What is the average price per square foot in Keystone Point?

The average sold price per square foot in Keystone Point in January for homes on the water was $542, compared to:

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

  • Beautifully remodeled 1955 home at 2085 Ixora Rd, with 4 bedrooms / 4 bathrooms, 2,666 SF on 8,550 SF lot with 75′ of water frontage. This home was listed for $1.445 Million in October of 2020 and sold for full-price at highest price per square foot in January ($623/SF)
  • Big Pie shaped lot at 12940 Coronado Ter with 220′ of water frontage, 14,792 SF lot.  Home has 5 bedrooms / 4 bathrooms and 3,588 SF.  Listed for $1,810,000 in December and sold for $1,660,000 ($520SF) **cash transaction
  • 60’s home with 3 bedrooms / 2 bathrooms, 2,391 SF on 9,375 SF lot with 75′ of water frontage. Listed for $1,150,000 in March of 2020 and sold for $985,000 ($515/SF) **cash transaction

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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:

  • Hot Seller’s market with 3 months of inventory at current rate of sales.
  • Average Sales Price is $1.4 Million
  • Sweet spot in sales are homes priced between $1-2 Million
  • 50% of all purchase are cash
  • 65.9% of all purchases are for primary residences

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