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

Keystone Point Real Estate – monthly market report – May 2021

How is the Keystone Point Real Estate Market Doing?

There are currently 15 homes for sale (compared to 14 last 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 $999,999 for the 3/3 remodeled, non-waterfront home at 2075 Hibiscus Dr with 2,003 SF on 10,300 SF lot ($499/SF)
  • Pending Sales (Properties under contract): 16
  • Median Sales Price in May: $1,610,000
  • Closed Sales in May: 7 (same as April)

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What sold in Keystone Point last month?

For a list of all properties sold in May, 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 May for homes on the water was $757, compared to:

  • 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 May (by square footage)

  • 2104 NE 124th St was the highest sale per square foot in Keystone in the month of May.  This canal front home with a fixed bridge sold for $1,033/SF as an **all cash transaction.  It was listed for 4 $1.55 Million and sold above asking for $1,610,000. It’s a 3 bedroom / 2 bathroom home with 1,910 SF in 11,250 SF lot with 75′ of water frontage.
  • 13205 Arch Creek Terrace was listed for $1.84 Million and sold for $1.85 Million ($832/SF) also as an **all cash transaction. This is a 3 bedrooms / 3 bathroom home with 2,211 SF on 9,375 SF lot with 75′ of water frontage
  • 12930 Auralia Rd – a 3/2 with 2,129 SF on 9,032 SF lot with 75′ of water frontage was listed in March for $1.55 Million and sold for full-price ($815/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 is $1.5 Million
  • Sweet spot in sales are homes priced between $1-2 Million
  • 46.3% of all purchase are cash
  • 73.2% of all purchases are for primary residences
  • Average discount is 7% for all purchases in the last 12 months

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