keystone point real estate stats by miamism

Keystone Point Real Estate Trends Report: Comprehensive October 2024 Analysis

How is the Keystone Point Real Estate Market Doing?

There are currently 41 homes for sale (compared to 27 a year ago):

  • Highest priced listing is $15.8 Million for the 6 bedroom / 8 bathroom / 2 half bath home at 13390 Biscayne Bay Dr.  This 2023 new construction home has 14,258 Sq.Ft. of living space, sites on 14,258 Sq.Ft. lot with 163′ of water frontage and 70′ glass pool. ($1,108/Sq.Ft.)
  • Lowest priced listing is $1,250,000 for the 3 bedroom / 2 bathroom dry-lot mid-century modern at 1965 Alamanda Dr with 1,654 Sq.Ft. of living space on a 8,400 Sq.Ft. lot ($756/Sq.Ft.)
  • Pending Sales (Properties under contract): 4
  • Median Sales Price in October: $2,250,000 (compared to $4,382,479 in October of 2023)
  • Closed Sales in October: 4 (compared to 1 in October of 2023)

What is the average price per square foot in Keystone Point?

The average sold price per square foot in Keystone Point in October for homes on the water was $1,164 compared to $670 in October of last year. Previous averages as follows:

    • September’s average $960
    • August’s average $1,062
    • July’s average $934
    • June’s average $1,179
    • May’s average $1,140
    • April’s average $966
    • March’s average $1,413 (one sale)
    • February’s average $1,259 (one sale)
    • January’s average $1,483 (one sale)
    • 2023’s average of $1,008/SF

 

Keystone Point Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Keystone Point.

Keystone Point, Florida - North Miami Real Estate stats

  • Buyer’s market with 13 months of inventory at the current rate of sales
  • Average discount is 10%
  • Average sales price is $2.8 Million
  • 63.9% of all deals are CASH transactions
  • 88.9% of all owners are primary owners (live at the property)
  • 8.3% of all sales have seller contributions and they average $84,000

DOWNLOAD KEYSTONE POINT MARKET REPORT

Let’s TAlk DATA in Keystone Point

Let’s break down the latest real estate trends in a way that makes sense. Closed sales are averaging $3.5 million, but the homes still on the market are asking for more—around $5.3 million. Buyers have been negotiating, too, snagging an average 10% discount from the asking price.

In the last year, 24 homes sold while 29 are currently up for grabs. When it comes to price per square foot, sold properties averaged $1,065, compared to the $1,382 being asked by active listings.

Timing-wise, sold homes were on the market for about 139 days, while the ones still listed have been available for around 99 days so far. Altogether, the market saw $84.1 million in sales. With a total of 815 households in this market, there’s definitely a lot to keep an eye on!

We prepare a Keystone Point Real Estate market report on a monthly basis and publish it on the third week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe any time