Keystone Point Real Estate – monthly market report -September 2021
How is the Keystone Point Real Estate Market Doing?
There are currently 19 homes for sale (compared to 18 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 $1,200,000 for the 3/3 dry lot home at 2250 Keystone Blvd ($507/SF)
- Pending Sales (Properties under contract): 12
- Median Sales Price in September: $1,535,000
- Closed Sales in September: 4 ( compared to 7 in August)
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What sold in Keystone Point last month?
For a list of all properties sold in September 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 September for homes on the water was $803, compared to:
- 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 September (by square footage)
- Completely remodeled home 2 houses from Biscayne Bay with 3 bedrooms / 3 bathrooms, 2,215 SF on 9,375 SF lot with 75′ of water frontage, located at 2341 Keystone Blvd. Originally listed for $3.2 Million in June and cancelled, relisted for $2.69 Million and sold for $2.35 Million ($1,061/SF) **cash transaction
- 2350 Arch Creek Dr – corporate owned selling at auction. 3 bedrooms / 3 bathrooms, 2,189 SF on 9,375 SF lot with 75′ of canal frontage. Was originally listed in 2018 as a regular sale for $1.4 Million and was cancelled. Lited at auction for $932,800 in July and sold for $1,535,000 ($701/SF) **cash transaction
- 13240 Ortega Ln – 4 bedrooms / 3 bathrooms, 3,369 SF on 11,250 SF lot with 80′ of canal frontage. Listed for $2,275,000 in May and sold for $2,182,000 ($648/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:
- 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 above $1 Million
- 53.2% of all purchase are cash
- 79.4% 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