Miamism Blog

You are here

Keystone Point Real Estate Market Report – November 2016

Ines Hegedus-Garcia
ines@miamism.com

Keystone Point Real Estate Market Report

There are currently 59 Keystone Point homes for sale: (compared to 56 in October)

  • Highest priced listing: $5,895,000 (open bay home with over 200′ of frontage at 12600 Biscayne Bay Dr)
  • Lowest priced listing: $459,000 for the fixer upper at 1965 Alamanda Dr.
  • Pending Sales (properties under contract): 5
  • Closed sales in November 2016: 2 (compared to 3 in October)
  • Median Sales Price in November:  $610,295

The Keystone Point homes that sold in November were the following:

  • 1970 S Hibiscus Dr - 3 bedrooms / 3 bathrooms, 3,077 SF on oversized 13,803 SF lot with 75' of canal frontage. Originally listed for $1,495,000 in April of 2016 and selling for $1,220,000 ($396/SF)
  • 12890 Ixorra Rd - 4 bedrooms / 2.5 bathrooms, 2,435 SF on 9,375 lot - dry lot (not on the water). Originally listed for $759,000 and selling for $590,000 after a few price reductions. ($242/SF)

The Average price per square foot for Keystone Point Homes on the water in November was $396 with only one sale, compared to previous months:

  • October $436
  • September $491
  • August $386
  • July – no waterfront sales
  • June – $344
  • May – $452
  • April – no sales
  • March $411
  • February $572
  • January $528
  • 2015’s average $441

The Keystone Point real estate market remains unchanged with no increase in inventory but sales remain slow.  Buyers still have no sense of urgency, but we predict that this will change once they realize prices are not going anywhere.  The market is steady and in an eerie standby status - everyone is waiting ... but no one knows what they are waiting for.

To get REAL-TIME market reports that keep you up to date on Keystone's real estate market, take a look at our North Miami, FL 33181 Market Report.

You will also be able to check other areas once you follow the link.


Recent Posts

  • Aug 17, 2017

Here's a little real estate humor necessary when you are going through the stressful process of selling your Miami home.  We first thank you for choosing us as your REALTORS and promise to remind you of these every chance we... more

Surfside Real Estate Market Report - July 2017 There are currently 47 Surfside homes for sale: (compared to 55 in June) Highest priced listing:  $5,000,000 (1332 Biscaya Dr - see below) Lowest priced listing: $565,000 $... more

You may know by know that I'm involved in leadership for The Miami Association of Realtors, the largest REALTOR association in the United States!!  We are constantly analyzing data to be able to help our clients and I'm... more

How is the Miami Shores Real Estate Market Doing? There are currently 98 homes for sale:  (compared to 94 homes last month) Highest priced listing is $6,200,000 $5,499,000 for the bay front home at 1600 NE 103 St (2-story... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.