Sewalls Point, FL Real Estate News

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report February 2018 Sewalls Point Real Estate Snapshot, Residential Sales for February 2018   There are currently 50 active listings (No change in active listings from last month) 11 home sales are pending and awaiting close or lender approval (Increased by 1 homes from January) 3 Homes sold in June (Decreased by 3 homes sales from January) The single-family real estate market in Sewalls Point had weaker sales results as compared to both last month and last year.  The inventory of available homes continues to be an issue being at very low levels. The absorption rate jumped to 16.7 months, in January was 8.3 months.  Going back towards a stronger buyer’s market for Sewalls Point single-family homes.  A 6 to 7-month absorption rate is considered a balan...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Rio Vista in Sewalls Point January 2018 Market ReportAs of January 2018, there are 3 Rio Vista homes for sale in Sewalls Point.  List prices range from $375,000 up to $1,550,000 for an average list price of $906,967 which works out to $320.59 per sq. ft. of living area.There are currently no homes under contract.In the past 12 months, 9 Rio Vista homes have sold with sales prices ranging from $360,000 up to $1,247,000 for an average sales price of $651,889 which equals $253.02 per square foot of living area.  These homes averaged 84 days on market before going under contract and sold for 96% of list price.About Rio Vista in Sewalls Point:The Rio Vista subdivision of South Sewalls Point spans the mid-portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River.  ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report January 2018 Sewalls Point Real Estate Snapshot, Residential Sales for January 2018   There are currently 50 active listings (Up by 4 homes from last month) 10 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from December) 6 Homes sold in June (Increased by 3 homes sales from December) The single-family real estate market in Sewalls Point rebounded some from a weak December.  The inventory of available homes continues to be an issue being at very low levels. The absorption rate dropped to 8.3 months, in December was 15.3 months.  Still, a buyer’s market for Sewalls Point single-family homes, though trending in the right direction.  A 6 to 7-month absorption rate is considered a balanced market where neither the...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
High Point Sewalls Point January 2018 Market Report As of January 2016, there are 5 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $699,000 to $3,795,000.  The average listing price is $1,694,978 which equals $406.02 per square foot of living area. There is 1 High Point home under contract and awaiting close.  The list price was $1,475,000 or $473.97 per sq. ft. of living area.  This home was on the market for 2 days before going under contract. In the past 12 months, 5 High Point homes have sold.  Sales prices ranged from $720,000 up to $1,800,000 for an average sales price of $1,313,200 which equals $382.20 per sq. ft. of living area and for an average sale price of 91% of the last listed price.  These homes were on the ma...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report December 2017 Sewalls Point Real Estate Snapshot, Residential Sales for December 2017   There are currently 46 active listings (Down by 1 homes from last month) 13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November) 3 Homes sold in June (Decreased by 7 homes sales from November) The single-family real estate market in Sewalls Point had a weak month for closed sales, but did show an increase inpending sales.  The inventory of available homes is now down to historically low numbers. The absorption rate jumped to 15.3 months, in November was 4.7 months.  Back into a buyer’s market for Sewalls Point single family homes after only a single month in a seller’s market.  A 6 to 7-month absorption rate is con...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report November 2017 Sewalls Point Real Estate Snapshot, Residential Sales for November 2017   There are currently 47 active listings (Up by 6 homes from last month) 9 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from October) 10 Homes sold in June (Increased by 9 homes sales from October) The single-family real estate market in Sewalls Point continues to have less inventory of available homes for sale.  Pending sales dropped for last month while closed sales were impressive.  A good showing for Sewalls Point for November 2017. The absorption rate dropped to 4.7 months, in October was 41 months.  Into a seller’s market for Sewalls Point single family homes for the first time in many years.  A 6 to 7-month absorptio...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report October 2017 Sewalls Point Real Estate Snapshot, Residential Sales for October 2017   There are currently 41 active listings (Down by 2 homes from last month) 15 home sales are pending and awaiting close or lender approval (Increased by 11 homes from September) 1 Homes sold in June (Decreased by 3 homes sales from September) The single family real estate market in Sewalls Point continues to have less inventory of available homes.  Pending sales rose sharply for last month while closed sales were off.  Most likely a result of Hurricane Irma from the previous month that closed the real estate business for a few weeks. The absorption rate shot up to 41 months, in September was 10.8 months.  An extreme buyer’s market for Sewalls Point single family ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report September 2017 Sewalls Point Real Estate Snapshot, Residential Sales for September 2017   There are currently 43 active listings (Down by 11 homes from last month) 4 home sales are pending and awaiting close or lender approval (Decreased by 2 homes from August) 4 Homes sold in June (Increased by 3 homes sales from August) The single family real estate market in Sewalls Point had a large drop of inventory for September.  Sales increased from last month but pending sales were off.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month. The absorption rate dropped to 10.8  months, in August was 54 months.  Still a buyers’ market for Sewalls Point single family homes but not ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Plantation at Sewalls Point September 2017 Market ReportFor September 2017 there are 3 homes available for sale in the Plantation at Sewalls Point.  List prices range from $1,600,000 up to $3,795,000 for an average list price of $2,363,333 which equals $362.31 per sq. ft. of living area.There are no homes under contract at present in the Plantation at Sewalls Point.In the past 12 months, there have been 2 sales in the Plantation at Sewalls Point.  Sales prices were $1,100,000 and $1,615,000 for an average sales price of $1,357,500 which works out to $551.59 per sq. ft. of living area.  These homes averaged 144 days on market before going under contract and sold for an average of 97% of the final list price.About Plantation at Sewalls Point:The Plantation at Sewalls Point is an exclusive...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Castle Hill Real Estate Market Report September 2017There is currently 1 home for sale in Castle Hill in Sewalls Point, FL.  This home is listed for $650,000 which is $221.39 per sq. ft. of living area.There are currently no homes under contract, pending a sale.In the past 12 months, 3 Castle Hill homes have sold. Sale prices ranged from $860,000 up to $910,000 for an average sales price of $880,000 or $217.41 per sq. ft. of living area.  These homes sold in an average of 130 days on market before going under contract and for 96% of the list price.About Castle Hill in Sewalls Point FL:Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.This community sits in an unparalleled location only minutes from beaches and equidistant from both t...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report August 2017 Sewalls Point Real Estate Snapshot, Residential Sales for August 2017   There are currently 54 active listings (Up by 11 homes from last month) 6 home sales are pending and awaiting close or lender approval (Decreased by 2 homes from June) 1 Homes sold in June (Decreased by 7 homes sales from June) The single family real estate market in Sewalls Point had very weak closed sales for August and the pending (future0 sales activity is also not very impressive.  The inventory is down from last year as well. The absorption rate balooned to 54  months, in June it was 3.6 months.  An extreme buyers’ market for Sewalls Point single family homes after two earlier good months for sellers.  A 6 to 7 month absorption rate is considered a balanced...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report July 2017 Sewalls Point Real Estate Snapshot, Residential Sales for July 2017   There are currently 43 active listings (Down by 14 homes from last month) 8 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from June) 8 Homes sold in June (Decreased by 8 homes sales from June) The single family real estate market in Sewalls Point continues with strong activity for July.  Sales were off from last month but remain quite good with a much smaller inventory of available homes. The absorption rate plunged to 5.4 months, in June it was 3.6 months.  Holding on to a sellers’ market for Sewalls Point single family homes for the second month in a row.  A 6 to 7 month absorption rate is considered a balanced market where neit...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Rio Vista in Sewalls Point July 2017 Market ReportAs of July 2017, there are 5 Rio Vista homes for sale in Sewalls Point.  List prices range from $419,000 up to $799,000 for an average list price of $580,600 which works out to $238.95 per sq. ft. of living area.There are 3 homes under contract awaiting the completion of their sales.  List prices ranged from $429,000 to $1,295,000 for an average list price of  $927,667 or $293.82 per sq. ft of living area.  These homes averaged 89 days on the market before going under contract.In the past 12 months, 5 homes have sold in Rio Vista with sales prices ranging from $360,000 up to $675,000 for an average sales price of $577,000 which equals $268.03 per square foot of living area.  The average days on market was only 13 days with a 97% list to ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Archipelago of Sewalls Point July 2017 Market Report For July 2017 there are 2 active listings in the Archipelago of Sewalls Point.  The list prices are $1,049,000 and  $1,995,000 for an average list price of $1,522,000 or $416.12 per sq. ft. of living area. There are no homes are currently under contract. In the past 12 months, there have been 2 homes sold in the Archipelago of Sewalls Point. These homes sold for $600,000 and $1,425,000 for an average sales price of $1,012,500 which equals $325.32 per sq. ft. of living area.  These sales averaged 82% of the list price and were on the market for an average of 780 days prior to going under contract. About the Archipelago of Sewalls Point: Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non-gated neighborho...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report June 2017 Sewalls Point Real Estate Snapshot, Residential Sales for June 2017   There are currently 57 active listings (Down by 3 homes from last month) 14 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from May) 16 Homes sold in May (Increased by 7 homes sales from May) The single family real estate market in Sewalls Point contined to show very positive results for June.  Sales were the best in a number of years and while the pending numbers were down for the month, they still are quite good. The absorption rate plunged to 3.6 months, in May it was 6.7 months.  For the first time in years, a strong sellers market for Sewalls Point single family homes.  A 6 to 7 month absorption rate is considered a balanced m...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report May 2017 Sewalls Point Real Estate Snapshot, Residential Sales for May 2017   There are currently 60 active listings (Down by 5 homes from last month) 22 home sales are pending and awaiting close or lender approval (Increased by 4 homes from April) 9 Homes sold in April (Increased by 2 homes sales from April) The single family real estate market in Sewalls Point showed some very positive results for May.  The strong pending numbers should also result in good sales numbers for the coming months. The absorption rate dropped to 6.7 months, in April it was 9.3 months.  Into a balanced market after many, many months of a buyers’ market for Sewalls Point.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buye...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report April 2017 Sewalls Point Real Estate Snapshot, Residential Sales for April 2017   There are currently 65 active listings (Down by 1 home from last month) 18 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from March) 7 Homes sold in March (Decreased by 2 homes sales from March) The single family real estate market in Sewalls Point retreated slightly after a strong March.  Still, better activity than last year, but it could be stronger. The absorption rate rose to 9.3 months, in March it was 7.3 months.  Still a strong buyers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparing the results to April 2016, the inventory was 68 home...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Landing April 2017 Market Report As of April 2017, there are 3 homes available for sale in Sewalls Landing, List prices range from $595,000 up to $629,000 for an average list price of $612,667 or $214.66 per sq. ft. of living area. There are no homes currently under contract in Sewalls Landing. In the past 12 months, 3 Sewalls Landing homes have sold.  Sales prices ranged from a low of $375,000 up to $836,250 for an average sales price of $606,750 which equals $219.64 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 196 days on market. About Sewalls Landing: Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report March 2017 Sewalls Point Real Estate Snapshot, Residential Sales for March 2017   There are currently 66 active listings (Down by 1 home from last month) 21 home sales are pending and awaiting close or lender approval (Increased by 6 homes from February) 9 Homes sold in February (Increased by 4 homes sales from February) The single family real estate market in Sewalls Point showed one of the best months in quite some time with increases in closed sales as well as homes under contract. The absorption stayed at 7.3 months, in February it was 16.8 months.  Still a buyers’ market but getting close to a balanced one.  One of the better months in some time for Sewalls Point real estate.  A 6 to 7 month absorption rate is considered a balanced market w...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report February 2017 Sewalls Point Real Estate Snapshot, Residential Sales for February 2017   There are currently 67 active listings (Unchanged from last month) 15 home sales are pending and awaiting close or lender approval (Increased by 4 homes from January) 5 Homes sold in January (Increased by 1 homes sales from January) The single family real estate market in Sewalls Point continues to show somewhat weaker activity though I’m seeing quite a bit of curent activity and the March report may show improvements. The absorption stayed at 16.8 months, in January it was also 16.8 months.  A strong buyers’ market once again.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparing the r...
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