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

Keystone Point Real Estate – monthly market report – March 2021

How is the Keystone Point Real Estate Market Doing?

There are currently 13 homes for sale (same as previous 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 $1.499 Million – 3/2 renovated home with 1,799 SF on 9,375 SF lot with 75′ of water frontage ($833/SF)
  • Pending Sales (Properties under contract): 22
  • Median Sales Price in March: $1,450,000
  • Closed Sales in March: 8 (compared to 6 in February)

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What sold in Keystone Point last month?

For a list of all properties sold in March, 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 March for homes on the water was $604, compared to:

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

  • Fixer upper at 12710 Hickory Rd with 3 bedrooms / 3 bathrooms, 2,226 SF on 9,579 SF lot with 75′ of water frontage. This home was purchased for $900,000 in August of 2020, listed for $1,499,000 in November and sold for $1,450,000 ($809/SF)
  • Unique property with recessed boat slip at 2170 NE 124th St with 2 bedrooms / 3 bathrooms, 1,795 SF on 11,250 SF lot with 75′ of water frontage (fixed bridge to bay).  This home was purchased for $820,000 in February of 2019, listed for $1,025,000 in March and sold for full price (731/SF) **cash transaction
  • Handyman special at 2025 Arch Creek Dr with 3 bedrooms / 2 bathrooms, 2,541 SF on 9,375 SF lot with 75′ of water frontage. Listed for $1,150,000 in March and selling for full price ($542/SF)

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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
  • 45.8% of all purchase are cash
  • 69.4% of all purchases are for primary residences
  • A third of buyers are from Argentina, the rest are local and other U.S. areas

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We have buyers actively looking in Keystone Point right now.  If you are considering selling your home, please contact us ASAP!

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