Keystone Point Real Estate – monthly market report – November 2021
How is the Keystone Point Real Estate Market Doing?
There are currently 14 homes for sale (compared to 19 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 $1,250,000 for the 3/3 non-waterfront home at 12620 Ixora Rd ($809/SF)
- Pending Sales (Properties under contract): 15
- Median Sales Price in November: $1,351,000
- Closed Sales in November: 6 ( compared to 3 in October)
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What sold in Keystone Point last month?
For a list of all properties sold in November 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 November for homes on the water was $529, compared to:
- October’s average $860
- September’s average $803
- August’s average $765/SF
- July’s average $654/SF
- 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 November (by square footage)
- Non-waterfront home at 1865 Alamanda Dr. This 2 bedrooms / 1 bathroom home with 956 SF and 9,300 SF lot was listed for $700,000 on 11/6 and sold for full price less than a month later ($732/SF) *cash transaction
- Non-waterfront home at 2250 Keystone Blvd with 3 bedrooms / 3 bathrooms, 2,369 SF on 14,491 SF lot. It was listed for $1.2 Million in October and sold for $1,351,000 ($570/SF)
- New construction at 13385 Ortega Lane with 5,291 SF, 5 bedrooms / 5 bathrooms, 9,375 SF lot with 75′ of water frontage. Listed December of 2020 for $2.79 Million and selling for $2,806,659 ($530/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 $1.7 Million
- Sweet spot in sales are homes priced between $1-2 Million
- 57.7% of all purchase are cash
- 77.4% of all purchases are for primary residences
- Average discount is 7% for all purchases in the last 12 months
- Buyers are from the US (no foreign national sales recorded) **local market