Sewalls Point Single Family Market Report March 2017

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)

Sewalls Point Single Family Market Report March 2017

21 home sales are pending and awaiting close or lender approval (Increased by 6 homes from February)

Sewalls Point Single Family Market Report March 2017

9 Homes sold in February (Increased by 4 homes sales from February)

Sewalls Point Single Family Market Report March 2017

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 where neither the seller nor buyer have an advantage.

Comparing the results to March 2016, the inventory was 70 homes on the market, 14 pending sales and there were 6 closed sales.  Considerably better activity this year.

Sewalls Point Single Family Market Report March 2017

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Sewalls Point Single Family Market Report March 2017

 

Sewalls Landing April 2017 Market Report

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.

Sewalls Landing Jensen Beach FL

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 landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.

Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

Sewalls Landing April 2017 Market Report

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

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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