Sewalls Point Market Report – Residential, September 2011
Sewalls Point Real Estate Snapshot, Residential Sales for September 2011
There are currently 53 active listings (an increase of 16 homes for sale from August)
9 Residential sales are pending and awaiting close or lender approval (Down 4 from August)
4 Homes sold in September (unchanged from August)
In September of 2011, 4 homes were sold in Sewalls Point. No change from August. This includes one $4,000,000 plus, sale for a beautiful waterfront home. September showed a marked increase in inventory which turned around a long trend of decreasing inventory. The extra supply will have a negative effect on this local hypermarket and will most likely depress prices for the coming months, unless there is enough demand to reduce the inventory. As our winter season approaches, we may very well have more increased inventory as the season for snowbirds (seasonal residents) and retirees becomes more active.
This increase in inventory is also attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons. Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.
However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades. There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.
This will be an interesting season to watch!
Search here for Sewalls Point Florida Real Estate for Sale
Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team
Sewalls Point, FL Real Estate
Rental Properties
Vacant Land Properties
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- Vacant Land Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
Residential Properties
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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
- Residential Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $3,500,000 – $4,000,000
For more information, visit our website or call us at (772) 888-2885.
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