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 January 2017 Sewalls Point Real Estate Snapshot, Residential Sales for January 2017   There are currently 67 active listings (Up by 5 homes since last month) 11 home sales are pending and awaiting close or lender approval (Increased by 1 home from December) 4 Homes sold in December (Decreased by 7 homes sales from December) The single family real estate market in Sewalls Point retreated dramatically after a strong December.  Inventory rose while closed sales were way off. The current absorption rate shot up to 16.8 months, in December it was 5.6 months.  Quite the see-saw ride for the Sewalls Point real estate market going back into a buyers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buy...
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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 2017 Market Report As of January 2016, there are 4 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $1,170,000 to $3,995,000.  The average listing price is $2,128,750 which equals $466.11 per square foot of living area. There are 2 High Point homes under contract and awaiting close.  The list prices were $599,900 and $1,400,000 for an average list price of $999,950 which works out to be $284.97 per sq. ft. of living area.  These two homes averaged 273 days on the market before going under contract. In the past 12 months, 8 High Point homes have sold.  Sales prices ranged from $365,000 to $2,975,000 for an average sales price of $1,402,188 which equals $333.41 per sq. ft. of living area and for ...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for December 2016   There are currently 62 active listings (Down by 12 homes since last month) 10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November) 11 Homes sold in December (Increased by 9 homes sales from November) The single family real estate market in Sewalls Point showed a surprising surge of activity for December 2016 after two pretty week months in the fall.  Pending sales remained steady and there was a strong increase in closed sales.  The inventory of available homes also declined. The current absorption rate plunged to 5.6 months, in November it was 37 months.  Into a slight sellers market for Sewalls Point.  It’s been q...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for November 2016   There are currently 74 active listings (Down by 5 homes since last month) 11 home sales are pending and awaiting close or lender approval (Increased by 1 home from October) 2 Homes sold in November (Decreased by 4 homes sales from October) The single family real estate market in Sewalls Point took a second step backward for November 2016 after improving numbers throughout the summer.  Pending sales remained steady but a considerable drop in closed sales.  At least the inventory declined slightly. The current absorption rate skyrocketed to 37 months, in October it was 13.2 months.  Hopefully we’ll see this number go down as we enter the winter season in the ne...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for October 2016   There are currently 79 active listings (Up by 10 homes since last month) 10 home sales are pending and awaiting close or lender approval (Unchanged from September) 6 Homes sold in October (Decreased by 1 home sales from September) The single family real estate market in Sewalls Point took a step back for October 2016 after improving numbers throughout the summer.  Pending and closed sales remained fairly steady but the inventory of available homes jumped up unexpectedly. The current absorption rate jumped to 13.2 months, in September it was 9.9 months.  Retreating from the improved numbers for last month.  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 September 2016 Sewalls Point Real Estate Snapshot, Residential Sales for September 2016  There are currently 69 active listings (Up by 3 homes since last month) 10 home sales are pending and awaiting close or lender approval (Decreased by 4 homes from August) 7 Homes sold in September (Increased by 1 home sales from August) The single family real estate market in Sewalls Point for September continues to improve from previous months as well as last year. Though, we also are seeing a market increase in inventory as prices continue to rise for the desirable Sewalls Point community. The current absorption rate dropped to 9.9 months, in August it was 11 months. Still a sellers market, but a large improvement from earlier summer numbers. A 6 to 7 mont...
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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 2016 Market ReportFor September 2016 there are 3 homes available for sale in the Plantation at Sewalls Point.  List prices range from $1,350,000 to $3,795,000 for an average list price of $1,525,000 which equals $445.33 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 3 sales in the Plantation at Sewalls Point.  Sales prices ranged from $975,000 to $5,450,000 for an average sales price of $2,618,333 which works out to $335.23 per sq. ft. of living area.  These homes averaged 245 days on market before going under contract and sold for an average of 89% of the final list price.The Plantation at Sewalls Point is an exclusive private community of only 21 h...
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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 September 2016 Market ReportThere are currently 2 homes for sale in Castle Hill in Sewalls Point, FL.  The listing prices are $969,000 and 999,000.  The average list price is $984,000 which equals $234.23 per sq. ft. of living area.There are currently no homes under contract, pending a sale.In the past 12 months, 2 Castle Hill homes have sold. Sale prices were $2,150,000 and $6,000,000 for an average sales price of $4,075,000 or $614.08 per sq. ft. of living area.  These homes sold in an average of 519 days on market before going under contract and for 93% of the last listed price.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 fr...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for August 2016  There are currently 66 active listings (Down by 3 homes since last month) 14 home sales are pending and awaiting close or lender approval (Increased by 3 homes from July) 6 Homes sold in August (Increased by 4 home sales from July) The single family real estate market in Sewalls Point for August rebounded from last month's slow closed sales activity. Pending sales also rose a little while the inventory of available homes for sale is up from last year but down slightly from last month. The current absorption rate dropped to 11 months, in July it was 34.5 months. Still a sellers market, but a large improvement from July's numbers. A 6 to 7 month absorption rate is c...
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By Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist
(Keller Williams Advantage III Realty in Lake Nona)
Castle Hill is a quaint community located in Sewalls Point in Stuart, Fl. housing just over 40 homes. Castle Hill is located close to the Jensen Beach and Stuart Causeway leading one to Floridas beautiful beaches. Enjoy the low HOA fees, waterfront living, or homes on acreage. Contact us for homes for sale in Castle Hill or to sell your Castle Hill Home 772-834-0099 or www.searchforsouthfloridahome.com Search Here to find Your Castle Hill, Sewalls Point Property.
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for July 2016  There are currently 69 active listings (Down by 7 homes since last month) 11 home sales are pending and awaiting close or lender approval (Increased by 6 homes from June) 2 Homes sold in July (Decreased by 17 home sales from June) The single family real estate market in Sewalls Point for July showed a big decrease in closed sales for July. Pending sales look good, however, and I expect these sales figures to improve in the coming months. The inventory of available homes is up from last year but down from last month. The current absorption rate exploded to 34.5 months, in June it was 7.6 months. An unfortunate slowdown for Sewall's point, but possibly an opportunity fo...
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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)
July 2016 Archipelago Real Estate of Sewalls Point Market Report For July of 2016 there are three active listings on the market in the Archipelago of Sewalls Point. Listing prices range from a low of $899,000 up to $2,175,000 for an average list price of $1,524,667 or $458.39 per sq. ft. of living area. As of July 13, 2016 these listings have averaged 191 days on the market. There are no homes are currently under contract. In the past 12 months, there have been one home sold in the Archipelago of Sewalls Point. This home sold for $979,000 or $289.05 per sq. ft. of living area. This sale was at 100% of the listing price and was on the market for only 5 days prior to accepting this full price offer. Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated ...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for June 2016  There are currently 76 active listings (Up by 6 homes since last month) 5 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from May) 19 Homes sold in June (Increased by 1 home sales from May) The single family real estate market in Sewalls Point for June continued with good closed activity. Unfortunately pending sales are down which could indicate slower closed activity for the coming months. The current absorption rate dipped to 7.6 months, in May it was 7.8 months. Continuing in a positive direction for Sewall's Point FL.. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advan...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for April 2016  There are currently 68 active listings (Down by 2 homes since last month) 19 home sales are pending and awaiting close or lender approval (Increased by 5 homes from March) 3 Homes sold in April (Decreased by 3 home sales from March) The single family real estate market in Sewalls Point showed a nice increase in pending sales for April, but unfortunately closed sales were once again less than expected.  There does seem to be very good showing activity, so I'm expecting sales to pick up as we head into the summer season. The current absorption rate exploded to 22.7 months, in March it was 11.7 months. A very strong buyers market for Sewalls Point, and those who have d...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for March 2016  There are currently 70 active listings (Up by 14 homes since last month) 14 home sales are pending and awaiting close or lender approval (Increased by 2 homes from February) 6 Homes sold in March (No change in sales from February) The single family real estate market in Sewalls Point had a surprising increase in inventory for March while sales remained unchanged, thus pushing the absorption rate higher.  Pending sales were up slightly.  There does seem to be increasing activity in Sewalls Point, though it does remain a slower moving market as many of the Sewalls Point properties are in the higher end range of the Martin County real estate market. The current absorpt...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for February 2016  There are currently 56 active listings (Down by 1 homes since last month)   12 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from January) 6 Homes sold in February (Up by 2 sales from January) The single family real estate market in Sewalls Point showed better closed numbers for February. Though, there's still room for improvement. We are seeing some fairly steady sales in the higher price ranges in Sewalls Point which is a good sign. The current absorption rate dropped to 9.3 months, in January it was 14.25 months. Still a buyers market for Sewalls Point. Though, if the trend for improving sales continue, this may soon com...
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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 2016 Sewalls Point Real Estate Snapshot, Residential Sales for January 2016  There are currently 57 active listings (Up by 6 homes since last month) 15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December) 4 Homes sold in January (Up by 1 sales from December) The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price. The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point. Though, if the trend...
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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 2015 Sewalls Point Real Estate Snapshot, Residential Sales for December 2015  There are currently 51 active listings (Down by 11 homes since last month) 13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November) 3 Homes sold in December (Down by 5 sales from November) The single family real estate market in Sewalls Point had a poor month for closed sales in December, though other indications of future activity look very positive. The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive. The current absorption rate climbed to 17 months, in November it was 7.8 months. a strong buyers market for Sewalls Point. Though, if the trend for i...
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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)
January 2016 Market Report High Point Sewalls PointAs of January 2016, there are 7 homes available for sale on High Point and High Point Isle in Sewalls Point, FL. Listing prices range from $619,000 to $4,700,000. The average listing price is 1,948,142 which equals $457.31 per square foot of living area. There are no High Point homes under contract and awaiting close. In the past 12 months, 5 High Point homes have sold. Sales prices ranged from $509,000 to $3,350,000 for an average sales price of $1,752,800 which equals 419.39 per sq. ft. of living area and for an average sale price of 91% of the last listed price. These homes were on the market for an average of 171 days prior to accepting an offer. Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oa...
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