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Keystone Point Real Estate - monthly market report - October 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Keystone Point Real Estate Market Doing?

There are currently 19 homes for sale (same as 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 $1,599,900 for the dry lot 3/2 at 2140 Alamanda Dr on a 9,375 SF lot.
  • Pending Sales (Properties under contract): 15
  • Median Sales Price in October: $1,800,000
  • Closed Sales in October: 3 ( compared to 4 in September)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Keystone Point last month?

For a list of all properties sold in October please email us at Keystone@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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 $860, compared to:

  • 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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top and only 3 Sales in Keystone Point in October (by square footage)

  • Bay front home at 13155 Biscayne Bay Dr with 6 bedrooms / 6 bathrooms, 5,956 SF on 15,270 SF lot with 101' of open bay water frontage. This home was listed for $6.9 Million in April, decreased to $5.95 M in June and sold for $5.6M ($940/SF) **cash transaction
  • Corner waterfront home at 12901 Oleander Rd with 4 bedrooms / 3 bathrooms, 10,425 SF with 205' of water frontage. Listed for $1.95 M in May and sold for $1.8 M ($779/SF) **cash transaction
  • Dry lot home at 1960 Keystone Blvd with 2 bedrooms / 2 bathrooms, 2,071 SF on 8,400 SF lot. Listed in September for $989,000 and sold for $994,000 ($480/SF) **cash transaction

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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 4 months of inventory at current rate of sales.
  • Average Sales Price increased to $1.6 Million
  • Sweet spot in sales are homes priced above $1 Million
  • 55.2% of all purchase are cash
  • 80.6% 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

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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