Sewalls Point Single Family Market Report March 2019

Sewalls Point Single Family Market Report March 2019

Sewalls Point Real Estate Snapshot, Residential Sales for March 2019

There are currently 72 active listings (Down by 8 homes from last month)

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

7 Homes sold in February (Increased by 2 homes from February)

The single-family real estate market in Sewalls Point is had better activity than last month but still in a buyers market for March 2019.

The absorption rate dropped to 10.3 months, in February it was 16.0 months.  Remaining in a buyers market for Sewalls Point FL but heading towards a balanced 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 March 2018, the inventory was 66 homes on the market, 21 pending sales and there were 9 closed sales.  Stronger closed and pending activity last year with less inventory.

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

Sewalls Point Florida Real Estate presented by
the Gabe Sanders real estate team

Sewalls Point Single Family Market Report March 2019

 

Sewalls Landing April 2019 Market Report

Sewalls Landing April 2019 Market Report

For April 2019, there are 2 homes available for sale in Sewalls Landing, List prices are $735,000 and $750,000 for an average list price of $742,500 or $191.74 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 $640,000 up to $1,150,000 for an average sales price of $813,300 which equals $230.14 per sq. ft. of living area. These sales averaged 94% of list price and the homes averaged going under contract after being on the market for 212 days.

About Sewalls Landing:

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 FL
This 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 generously sized lots from just under a 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.

 

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Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

Sewalls Landing April 2019 Market Report

Castle Hill Real Estate Market Report March 2019

Castle Hill Real Estate Market Report March 2019

There is only 1 home currently for sale in Castle Hill in Sewalls Point, FL.  This home is listed for $2,950,000 or $524.72 per sq. ft. of living area.

There are no 2 homes currently under contract.  List prices were $1,035,000 and $1,295,000.  This is an average list price of $1,165,000 which equals $242.94 per sq. ft. of living area.  These homes were on the market for an average of 72 days before going under contract.

In the past 12 months,  3 Castle Hill homes have sold.  Sales prices ranged from $600,000 up to $975,000.  This equals an average sales price of $805,000 which is $233.51 per sq. ft. of living area.  These homes were on the market for an average of 182 days prior to going under contract and sold for an average of 93% of list price.

About Castle Hill in Sewalls Point FL:

Castle Hill in Sewalls Point

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.

Castle Hill in Sewalls Point Castle Hill in Sewalls Point

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 an 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 equidistant 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 in Sewalls Point Castle Hill in Sewalls Point

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.

Castle Hill in Sewalls Point

Here are the currently available homes for sale in Castle Hill

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Castle Hill Real Estate Market Report March 2019

Sewalls Point Single Family Market Report February 2019

Sewalls Point Single Family Market Report February 2019

Sewalls Point Real Estate Snapshot, Residential Sales for February 2019

There are currently 80 active listings (Up by 4 homes from last month)

Sewalls Point Single Family Market Report February 2019

10 home sales are pending and awaiting close or lender approval (Down by 7 homes from January)

Sewalls Point Single Family Market Report February 2019

5 Homes sold in January (Unchanged from January)

Sewalls Point Single Family Market Report February 2019

The single-family real estate market in Sewalls Point is carrying a large inventory of homes with not a lot of activity.  This may be a very good time for buyers looking in the Sewalls Point single family home market.

The absorption rate rose to 16.0 months, in January it was 15.2 months.  Remaining in a strong 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 February 2018, the inventory was 50 homes on the market, 11 pending sales and there were 3 closed sales.  Considerably greater inventory this year with slightly better sales numbers.

Sewalls Point Single Family Market Report February 2019

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Sewalls Point Single Family Market Report February 2019

 

Sewalls Point Single Family Market Report January 2019

Sewalls Point Single Family Market Report January 2019

Sewalls Point Real Estate Snapshot, Residential Sales for January 2019

There are currently 76 active listings (Up by 7 home from last month)

Sewalls Point Single Family Market Report January 2019

17 home sales are pending and awaiting close or lender approval (Up by 8 homes from December)

Sewalls Point Single Family Market Report January 2019

5 Homes sold in December (Unchanged from December)

Sewalls Point Single Family Market Report January 2019

The single-family real estate market in Sewalls Point had a large increase in inventory and with pending sales.  Hopefully, this will translate to more closed sales in the near future.

The absorption rate rose to 15.2 months, in December it was 13.4 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 2018, the inventory was 50 homes on the market, 10 pending sales and there were 6 closed sales.  Considerably greater inventory this year with fewer sales, but better-pending activity.

Sewalls Point Single Family Market Report January 2019

 Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report January 2019