Sewalls Point Single Family Market Report September 2017

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)

Sewalls Point Single Family Market Report September 2017

4 home sales are pending and awaiting close or lender approval (Decreased by 2 homes from August)

Sewalls Point Single Family Market Report September 2017

4 Homes sold in June (Increased by 3 homes sales from August)

Sewalls Point Single Family Market Report September 2017

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 nearly as extreme as the previous month.  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 September 2016, the inventory was 69 homes on the market, 10 pending sales and there were 7 closed sales.  Considerably better sales activity last year.

Sewalls Point Single Family Market Report September 2017

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Sewalls Point Single Family Market Report September 2017

 

Plantation at Sewalls Point September 2017 Market Report

Plantation at Sewalls Point September 2017 Market Report

For 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:

Aerial of the Plantation at Sewalls PointThe Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.  Plantation Home 4

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.Plantation Home 2

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Plantation Home 1

Entrance

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Plantation at Sewalls Point September 2017 Market Report

 

Castle Hill Real Estate Market Report September 2017

Castle Hill Real Estate Market Report September 2017

There 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 Gate

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 the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants and schools.

Water views

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi million waterfront properties high on the deep Saint Lucie River to half acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equi-distant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill Home

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Here are the currently available homes for sale in Castle Hill

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Castle Hill Real Estate Market Report September 2017

Sewalls Point Single Family Market Report August 2017

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)

Sewalls Point Single Family Market Report August 2017

6 home sales are pending and awaiting close or lender approval (Decreased by 2 homes from June)

Sewalls Point Single Family Market Report August 2017

1 Homes sold in June (Decreased by 7 homes sales from June)

Sewalls Point Single Family Market Report August 2017

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 market where neither the seller nor buyer have an advantage.

Comparing the results to August 2016, the inventory was 66 homes on the market, 14 pending sales and there were 6 closed sales.  Considerably better sales activity this year and with reduced inventory.

Sewalls Point Single Family Market Report August 2017

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Sewalls Point Single Family Market Report August 2017

 

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