Keystone Point Real Estate – monthly market report – July 2021
How is the Keystone Point Real Estate Market Doing?
There are currently 19 homes for sale (compared to 15 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 $998,000 for the non-waterfront home at 2035 S Hibiscus Dr with 3 bedrooms / 3 bathrooms and 8,475 SF lot ($465/SF)
- Pending Sales (Properties under contract): 12
- Median Sales Price in July: $1,815,000
- Closed Sales in July: 5(compared to 7 in June)
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What sold in Keystone Point last month?
For a list of all properties sold in July, 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 July for homes on the water was $654, compared to:
- 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
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Top 3 Sales in Keystone Point in July (by square footage)
- Fixer upper at 12885 Hickory Rd with oversized, corner lot (12,750 SF). This home has 3 bedrooms / 3 bathrooms, 2,423 SF of living space and 90′ of water frontage – selling at $823/SF **cash transaction
- Recently renovated home at 13005 Ortega Ln with 3 bedrooms / 3.5 bathrooms, 2,628 SF on 9,970 SF lot with 80′ of water frontage. Selling at $799/SF **cash transaction
- Recently renovated home at 1905 Keystone Blvd with 4 bedrooms / 2.5 bathrooms, 2,199 SF on 10,125 SF lot with 75′ of water frontage. Selling at $750/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:
- 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
- 52.1% of all purchase are cash
- 75.3% 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