Sewalls Point Single Family Market Report September 2014

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

There are currently 45 active listings (Up by 4 homes from August)

 7 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from last month)

No Homes sold in September (Decreased by 7 homes from August)

 After a fairly positive August for the Sewalls Point single family homes market activity, September 2014 is the first month in quite some time with no closed sales on record.  September is also the first month in five months with an increase in inventory.  Pending sales remain fairly weak as well as the Sewalls Point residential real estate market could definitely use some improvement.

With zero sales, no absorption rate can be calculated.  Though in August it was 5.6 months.  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 of 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales.  Very similar activity as compared to last year, with the exception of the zero sales activity.

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Sewalls Point Single Family Market Report August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

There are currently 41 active listings (Down by 7 homes from July)

8 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from last month)

7 Homes sold in August (Increased by 2 homes from July)

 The Sewalls Point single family homes market activity for August 2014 had a nice increase in closed sales for the month.  Unfortunately pending sales were off which is an indication of possible slower activity in the near future. Also, somewhat troubling is the decrease in inventory, now down for four months in a row.

The absorption rate is currently 5.6 months, considerably improved over last months 9.6 and now Sewalls Point is in a sellers 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 August of 2013, the inventory was 46 homes on the market, 6 pending sales and there were 7 closed sales.  Similar numbers to last year, but with less inventory.

Sewalls Point, FL Real Estate

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Residential Properties

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Sewalls Point Single Family Market Report July 2014

Sewalls Point Real Estate Snapshot, Residential Sales for July 2014

There are currently 48 active listings (Down by 5 homes from June)

13 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from last month)

5 Homes sold in July (Unchanged from June)

The Sewalls Point single family homes market activity for July 2014 had the same number of closed sales as in June (and May).  The pending numbers rose slightly, while the available inventory is down for the third month in a row.  Activity for the Sewalls Point market has increased, though the decrease in inventory could be troubling for future sales.

The absorption rate is currently 9.6 months better than last months 10.6 but still of room for improvement. It’s not unusual to see a somewhat higher absorption rate for Sewalls Point as we are dealing with generally higher valued properties that can take a bit longer to sell on average.  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 of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 3 closed sales.  Much better results for July of 2014.

Sewalls Point, FL Real Estate

Rental Properties

• Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000

Vacant Land Properties

• Vacant Land Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
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• Residential Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
• Residential Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
• Residential Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
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Sewalls Point Single Family Market Report June 2014

Sewalls Point Real Estate Snapshot, Residential Sales for June 2014

There are currently 53 active listings (Down by 5 homes from May)

11 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from last month)

5 Homes sold in June (Unchanged from May)

The Sewalls Point single family homes market activity for June 2014 had the same number of closed sales as in May.  Both the inventory and pending sales declined for June.  Whether this means decreased activity for the future or not remains to be seen, but it appears to be the case.

The absorption rate is currently 10.6 months better than last months 11.6 but still of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 5 months now, as activity for this community has slowed this year.  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 of 2013, the inventory was 52 homes on the market, 10 pending sales and there were 8 closed sales.  Better closed activity in 2013.  Other parameters are mostly unchanged.

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Sewalls Point Single Family Market Report May 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

There are currently 58 active listings (Unchanged from April)

14 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

5 Homes sold in April (Unchanged from April)

The Sewalls Point single family homes market activity for May 2014 is basically unchanged from April with the exception of one additional pending sale.   Activity is slow, but steady.  Sewalls point is a desirable location for families and it will be interesting to see if we have increased activity prior to the next school year.

The absorption rate is currently 11.6 months unchanged from last month and with plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 4 months now, as activity for this community has slowed this year.  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 of 2013, the inventory was 58 homes on the market, 17 pending sales and there were 7 closed sales.  Better activity, if only slightly, last year.

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