Sewalls Point Single Family Market Report February 2017

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)

Sewalls Point Single Family Market Report February 2017

15 home sales are pending and awaiting close or lender approval (Increased by 4 homes from January)

Sewalls Point Single Family Market Report February 2017

5 Homes sold in January (Increased by 1 homes sales from January)

Sewalls Point Single Family Market Report February 2017

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 results to February 2016, the inventory was 56 homes on the market, 12 pending sales and there were 6 closed sales.  Better volume of sales and pendings last winter with a smaller inventory.

Sewalls Point Single Family Market Report February 2017

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Sewalls Point Single Family Market Report February 2017

 

South Sewalls Point Vacant Lot – New Price

South Sewalls Point Vacant Lot – New Price

 Sewalls Point real estate

Reduced to $195,000 this is one of the last remaining close to the Indian River lots in Sewalls Point.  Very conveniently located on the corner of South Sewalls Point Rd and Herons Nest in the Rio Vista section of Sewalls Point is one of the few remaining buildable parcels of land with potential Intracoastal Views of the wide Indian River.  This is an excellent opportunity for a dream home in a much sought after location for a great price.

Sewalls Point real estate Sewalls Point real estate

Vacant buildable lot in Sewalls Point that has been cleared and is ready for your dream home.  There is a good potential for a home with water views built in this location.  Lot is just over 1/3 of an acre and will most likely require a home to be built on pilings (flood zone).  Great location with excellent schools, close to beaches, downtown Stuart, shopping and restaurants.  There aren’t very many of these opportunities left in Sewalls Point.

Sewalls Point real estate

MLS-Search-small-e12889727557434

Search here for all Sewalls Point vacant lots for sale.

About Sewalls Point

Sewall’s Point is a charming peninsula town located on the eastern side of Martin County, Florida. Once more of a vacation town, Sewall’s Point now is home to many younger families and full-time residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise.

Sewalls Point: Ideal for Water Lovers

Sewall’s Point real estate offers wide water views of the Saint Lucie River, the Indian River, and the Intracoastal Waterway.

The tree-lined streets feature beautiful estate homes, many of which are waterfront with docks.

Look Forward to a High Quality of Life in Sewalls Point, Florida

With a population of about 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a large town, such as shopping malls, restaurants, big-name chains, three nearby medical centers and more.

  • Enjoy nearby beautiful beaches and an abundance of aquatic activities.
  • Go fishing in one of the many bodies of water surrounding Sewall’s Point.
  • Be a part of the excellent school system in Martin County.
  • Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.
  • Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.
  • Take classes at one of the seven institutions of higher educations within an hour’s drive.
  • Bring your children to the Children’s Museum of the Treasure Coast, offering 12,000 square feet of interactive exhibits.
  • Experience Indian River Park’s famous Interactive Fountain, hiking trails, and pier.
  • Attend one of the many local events held at Indian Riverside Park throughout the year such as Pet Fest and Concerts in the Park held once a month on a Sunday from January through May.

Sewalls Point is a Uniquely Charming Place to Live!

The unique charm of Sewall’s Point real estate is reflected in the variety ofhomes in Sewall’s Point. Properties to meet the needs and tastes of everyone are found in the Sewall’s Point real estate market. Whether you are looking for an upscale, multi-million-dollar estate or a more modest home, there is something special for everyone in the Sewall’s Point real estate market.

Home-Buying on the Sewalls Point Housing Market

Whatever your style, need, taste or desire in a home, we can meet your Sewall’s Point real estate needs. When you purchase or sell a home within the Sewall’s Point real estate market, we are able to provide you with the expertise you need and the service you want.

South Sewalls Point Vacant Lot – New Price

Sewalls Point Single Family Market Report January 2017

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)

Sewalls Point Single Family Market Report January 2017

11 home sales are pending and awaiting close or lender approval (Increased by 1 home from December)

Sewalls Point Single Family Market Report January 2017

4 Homes sold in December (Decreased by 7 homes sales from December)

Sewalls Point Single Family Market Report January 2017

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 buyer have an advantage.

Comparing the results to January 2016, the inventory was 57 homes on the market, 15 pending sales and there were 4 closed sales.  Identical number of closed sales while less pending and greater inventory for this year when compared with last January.

Sewalls Point Single Family Market Report January 2017

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Sewalls Point Single Family Market Report January 2017

 

January 2017 Archipelago Real Estate of Sewalls Point Market Report

Archipelago of Sewalls Point January 2017 Market Report

For January 2017 there is only 1 active listing in the Archipelago of Sewalls Point.  The list price is $2,175,000 or $569.67 per sq. ft. of living area.

There are no homes are currently under contract.

In the past 12 months, there have been 3 homes sold in the Archipelago of Sewalls Point. These homes sold for $600,000 up to $1,425,000 for an average sales price of $1,001,333 which equals $313.23 per sq. ft. of living area.  These sales averaged 88% of the list price and were on the market for an average of 521 days prior to going under contract.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

January 2017 Archipelago Real Estate of Sewalls Point Market Report

Sewalls Point Single Family Market Report December 2016

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)

Sewalls Point Single Family Market Report December 2016

10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November)

Sewalls Point Single Family Market Report December 2016

11 Homes sold in December (Increased by 9 homes sales from November)

Sewalls Point Single Family Market Report December 2016

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 quite a while for Sewalls Point to enjoy such robust activity.  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 December of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales.  Showing much better activity this year as opposed to 2015.

Sewalls Point Single Family Market Report December 2016

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Sewalls Point Single Family Market Report December 2016