Sewalls Point Single Family Market Report July 2017

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)

Sewalls Point Single Family Market Report July 2017

8 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from June)

Sewalls Point Single Family Market Report July 2017

8 Homes sold in June (Decreased by 8 homes sales from June)

Sewalls Point Single Family Market Report July 2017

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 neither the seller nor buyer have an advantage.

Comparing the results to July 2016, the inventory was 69 homes on the market, 11 pending sales and there were 2 closed sales.  Considerably better sales activity this year and with reduced inventory.

Sewalls Point Single Family Market Report July 2017

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Sewalls Point Single Family Market Report July 2017

 

Rio Vista in Sewalls Point July 2017 Market Report

Rio Vista in Sewalls Point July 2017 Market Report

As 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 sales price ratio.

About Rio Vista in Sewalls Point:

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.  Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between.  Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015.  Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point.  The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

Click here to search for any Rio Vista homes for Sale in Sewalls Point

Click here for all Sewalls Point homes for Sale

Rio Vista in Sewalls Point July 2017 Market Report

July 2017 Archipelago Real Estate of Sewalls Point Market Report

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:

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

July 2017 Archipelago Real Estate of Sewalls Point Market Report

Sewalls Point Single Family Market Report June 2017

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)

Sewalls Point Single Family Market Report June 2017

14 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from May)

Sewalls Point Single Family Market Report June 2017

16 Homes sold in May (Increased by 7 homes sales from May)

Sewalls Point Single Family Market Report June 2017

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 market where neither the seller nor buyer have an advantage.

Comparing the results to June 2016, the inventory was 76 homes on the market, 5 pending sales and there were 10 closed sales.  Considerably better activity this year and with reduced inventory.

Sewalls Point Single Family Market Report June 2017

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Sewalls Point Single Family Market Report June 2017

 

Sewalls Point Single Family Market Report May 2017

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)

Sewalls Point Single Family Market Report May 2017

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

Sewalls Point Single Family Market Report May 2017

9 Homes sold in April (Increased by 2 homes sales from April)

Sewalls Point Single Family Market Report May 2017

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 buyer have an advantage.

Comparing the results to May 2016, the inventory was 70 homes on the market, 11 pending sales and there were 9 closed sales.  Identical number of closed sales as last year, but a significant increase in pending sales and on a reduced inventory.

Sewalls Point Single Family Market Report May 2017

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Sewalls Point Single Family Market Report May 2017