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Sewalls Point Single Family Market Report April 2016

Sewalls Point Single Family Market Report April 2016

Sewalls Point Real Estate Snapshot, Residential Sales for April 2016

There are currently 68 active listings (Down by 2 homes since last month)

Sewalls Point Single Family Market Report April 2016

19 home sales are pending and awaiting close or lender approval (Increased by 5 homes from March)

Sewalls Point Single Family Market Report April 2016

3 Homes sold in April (Decreased by 3 home sales from March)

Sewalls Point Single Family Market Report April 2016

The single family real estate market in Sewalls Point showed a nice increase in pending sales for April, but unfortunately closed sales were once again less than expected.  There does seem to be very good showing activity, so I’m expecting sales to pick up as we head into the summer season.

The current absorption rate exploded to 22.7 months, in March it was 11.7 months. A very strong buyers market for Sewalls Point, and those who have dreamed of moving to Sewalls Point should consider taking advantage of this market while they can.  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 April of 2014, the inventory was 79 homes on the market, 11 pending sales and there were 6 closed sales.  The pending inventory is looking much better for this year.

Sewalls Point Single Family Market Report April 2016

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Sewalls Point Single Family Market Report April 2016

 

Sewalls Point Single Family Market Report March 2016

Sewalls Point Single Family Market Report March 2016

Sewalls Point Real Estate Snapshot, Residential Sales for March 2016

There are currently 70 active listings (Up by 14 homes since last month)

Sewalls Point Single Family Market Report March 2016

14 home sales are pending and awaiting close or lender approval (Increased by 2 homes from February)

Sewalls Point Single Family Market Report March 2016

6 Homes sold in March (No change in sales from February)

Sewalls Point Single Family Market Report March 2016

The single family real estate market in Sewalls Point had a surprising increase in inventory for March while sales remained unchanged, thus pushing the absorption rate higher.  Pending sales were up slightly.  There does seem to be increasing activity in Sewalls Point, though it does remain a slower moving market as many of the Sewalls Point properties are in the higher end range of the Martin County real estate market.

The current absorption rate rose to 11.7 months, in February it was 9.3 months. Still a great 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 March of 2014, the inventory was 72 homes on the market, 17 pending sales and there were 3 closed sales.  Better closed activity when compared to last year and the inventory is also approaching last years numbers.

Sewalls Point Single Family Market Report March 2016

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Sewalls Point Single Family Market Report March 2016

 

Sewalls Point Single Family Market Report February 2016

Sewalls Point Single Family Market Report February 2016

Sewalls Point Real Estate Snapshot, Residential Sales for February 2016

 

There are currently 56 active listings (Down by 1 homes since last month)

Sewalls Point Single Family Market Report February 2016

12 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from January)

Sewalls Point Single Family Market Report February 2016

6 Homes sold in February (Up by 2 sales from January)

Sewalls Point Single Family Market Report February 2016

The single family real estate market in Sewalls Point showed better closed numbers for February.  Though, there’s still room for improvement.  We are seeing some fairly steady sales in the higher price ranges in Sewalls Point which is a good sign.

The current absorption rate dropped to 9.3 months, in January it was 14.25 months. Still a buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 of 2014, the inventory was 68 homes on the market, 8 pending sales and there were 3 closed sales.  Much improved activity when compared to last February.

Sewalls Point Single Family Market Report February 2016

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Sewalls Point Single Family Market Report February 2016

 

Sewalls Point Single Family Market Report January 2016

Sewalls Point Single Family Market Report January 2016

Sewalls Point Real Estate Snapshot, Residential Sales for January 2016

There are currently 57 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report January 2016

15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December)

Sewalls Point Single Family Market Report January 2016

4 Homes sold in January (Up by 1 sales from December)

Sewalls Point Single Family Market Report January 2016

The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price.

The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 of 2014, the inventory was 58 homes on the market, 10 pending sales and there were 3 closed sales.  With very similar inventory, market activity is better for 2016 than for last year in Sewalls Point, but still plenty of room for improvement.

Sewalls Point Single Family Market Report January 2016

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Sewalls Point Single Family Market Report January 2016

 

Sewalls Point Single Family Market Report December 2015

Sewalls Point Single Family Market Report December 2015

Sewalls Point Real Estate Snapshot, Residential Sales for December 2015

There are currently 51 active listings (Down by 11 homes since last month)

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November)

Sewalls Point Single Family Market Report December 2015

3 Homes sold in December (Down by 5 sales from November)

Sewalls Point Single Family Market Report December 2015

The single family real estate market in Sewalls Point had a poor month for closed sales in December, though other indications of future activity look very positive.  The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive.

The current absorption rate climbed to 17 months, in November it was 7.8 months. a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 of 2014, the inventory was 57 homes on the market, 8 pending sales and there were 18 closed sales.  Considerably better closed activity last year for the Sewalls Point single family home market, though pending sales look better this year.

Sewalls Point Single Family Market Report December 2015

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Sewalls Point Single Family Market Report December 2015

 

January 2016 Market Report High Point Sewalls Point

January 2016 Market Report High Point Sewalls Point

As of January 2016, there are 7 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $619,000 to $4,700,000.  The average listing price is 1,948,142 which equals $457.31 per square foot of living area.

There are no High Point homes under contract and awaiting close.

In the past 12 months, 5 High Point homes have sold.  Sales prices ranged from $509,000 to $3,350,000 for an average sales price of $1,752,800 which equals 419.39 per sq. ft. of living area and for an average sale price of 91% of the last listed price.  These homes were on the market for an average of 171 days prior to accepting an offer.

High Point in Sewalls Point, Florida


Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.

High Point in Sewalls Point, Florida
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

High Point in Sewalls Point, Florida

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

High Point in Sewalls Point, FloridaHome sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point in Sewalls Point, FloridaThere are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

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Sewalls Point  Real Estate is presented by:

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January 2016 Market Report High Point Sewalls Point

Sewalls Point Single Family Market Report November 2015

Sewalls Point Single Family Market Report November 2015

Sewalls Point Real Estate Snapshot, Residential Sales for November 2015

 

There are currently 51 active listings (Down by 11 homes since last month)

Sewalls Point Single Family Market Report November 2015

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from October)

Sewalls Point Single Family Market Report November 2015

3 Homes sold in November (Down by 5 sales from October)

Sewalls Point Single Family Market Report November 2015

The single family real estate market in Sewalls Point had a poor month for closed sales in November, though other indications of future activity look very positive.  The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive.

The current absorption rate climbed to 17 months, in October it was 7.8 months. a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 November of 2014, the inventory was 57 homes on the market, 8 pending sales and there were 18 closed sales.  Considerably better closed activity last year for the Sewalls Point single family home market, though pending sales look better this year.

Sewalls Point Single Family Market Report November 2015

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Sewalls Point Single Family Market Report November 2015

 

Sewalls Point Single Family Market Report October 2015

Sewalls Point Single Family Market Report October 2015

Sewalls Point Real Estate Snapshot, Residential Sales for October 2015

 

There are currently 62 active listings (Up by 8 homes since last month)

Sewalls Point Single Family Market Report October 2015

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

Sewalls Point Single Family Market Report October 2015

8 Homes sold in October (Up by 3 sales from September)

Sewalls Point Single Family Market Report October 2015

The single family real estate market in Sewalls Point has shown some steady improvement in the past three months and if this trend continues we may very well find this market to be in balance fairly soon.

The current absorption rate dropped to 7.8 months, in September it was 10.8 months. Still a buyers market for Sewalls Point but has been improving steadily for the past three 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 October of 2014, the inventory was 45 homes on the market, 8 pending sales and there were 2 closed sales.  Considerably better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report October 2015

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Sewalls Point Single Family Market Report October 2015

 

Sewalls Point Single Family Market Report September 2015

Sewalls Point Single Family Market Report September 2015

Sewalls Point Real Estate Snapshot, Residential Sales for September 2015

 

There are currently 54 active listings (Down by 5 homes since last month)

Sewalls Point Single Family Market Report September 2015

15 home sales are pending and awaiting close or lender approval (Decreased by 1 homes from August)

Sewalls Point Single Family Market Report September 2015

5 Homes sold in September (Up by two sales from August)

Sewalls Point Single Family Market Report September 2015

The single family real estate market in Sewalls point continues to struggle, though there was some improvement for this month as compared to the last few reporting periods.  Sales appear to be picking up in Sewalls Point and at a good price point for both buyers and sellers.

The current absorption rate dropped to 10.8 months, in August it was 19.7 months. Still a buyers market for Sewalls Point. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 September of 2014, the inventory was 45 homes on the market, 7 pending sales and there were no closed sales.  Better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report September 2015

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Sewalls Point Single Family Market Report September 2015

 

Sewalls Point Single Family Market Report August 2015

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

 

There are currently 59 active listings (Up by 1 homes since last month)

Sewalls Point Single Family Market Report August 2015

16 home sales are pending and awaiting close or lender approval (Increased by 4 homes from July)

Sewalls Point Single Family Market Report August 2015

3 Homes sold in August (Down by two sales from July)

Sewalls Point Single Family Market Report August 2015

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season.  Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales.  Considerably greater sales activity last year with less inventory.

Sewalls Point Single Family Market Report August 2015

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Sewalls Point Single Family Market Report August 2015

 

Plantation at Sewalls Point September 2015 Market Report

Plantation at Sewalls Point September 2015 Market Report

In September of 2015 there are 4 homes listed in the Plantation at Sewalls Point.  List prices range from $1,050,000 to $6,500,000 for an average list price of $3,233,750 which equals $399.51 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 no sales in the 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

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Plantation at Sewalls Point September 2015 Market Report

 

Sewalls Point Single Family Market Report July 2015

Sewalls Point Single Family Market Report July 2015

Sewalls Point Real Estate Snapshot, Residential Sales for July 2015

 

There are currently 58 active listings (Decreased by 3 homes since last month)

Sewalls Point Single Family Market Report July 2015

12 home sales are pending and awaiting close or lender approval (Down by 3 homes from June)

Sewalls Point Single Family Market Report July 2015

5 Homes sold in July (Up by two sales from June)

Sewalls Point Single Family Market Report July 2015

The Sewalls Point single family homes market continues to face some challenging volume of sales, though there were some excellent closings on the higher end of the market for June.  Also, a nice decrease in inventory will bring back some activity for the near future to Sewalls Point.

The current absorption rate dropped to 11.6 months, in June it was 20.3 months. Still plenty of room for improvement.  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 2014, the inventory was 48 homes on the market, 13 pending sales and there were 5 closed sales.  Other than a larger inventory, last years sales activity is almost identical to this year.

Sewalls Point Single Family Market Report July 2015

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Sewalls Point Single Family Market Report July 2015

 

Sewalls Point Single Family Market Report June 2015

Sewalls Point Single Family Market Report June 2015

Sewalls Point Real Estate Snapshot, Residential Sales for June 2015

 

There are currently 61 active listings (Decreased by 8 homes since last month)

Sewalls Point Single Family Market Report June 2015

15 home sales are pending and awaiting close or lender approval (Up by 3 homes from May)

Sewalls Point Single Family Market Report June 2015

3 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2015

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth.  There is some good news with the increased pending activity which will hopefully translate to more closed sales in the near future.

The current absorption rate decreased slightly to 20.3 months, in May it was 23 months. Lots of room for improvement.  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 2014, the inventory was 53 homes on the market, 11 pending sales and there were 5 closed sales.  We have better pending activity this year, though not as good with closed activity.

Sewalls Point Single Family Market Report June 2015

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Sewalls Point Single Family Market Report June 2015

 

Sewalls Point Single Family Market Report May 2015

Sewalls Point Single Family Market Report May 2015

Sewalls Point Real Estate Snapshot, Residential Sales for May 2015

 

There are currently 69 active listings (Decreased by 10 homes since last month)

Sewalls Point Single Family Market Report May 2015

12 home sales are pending and awaiting close or lender approval (Up by 1 homes from April)

Sewalls Point Single Family Market Report May 2015

3 Homes sold in May (Decreased by 3 homes from April)

Sewalls Point Single Family Market Report May 2015

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth.  The inventory declined for the month and there are some good pending numbers, but closed sales were off for May.

The current absorption rate increased to 23 months, in April it was 13.2 months. Lots of room for improvement.  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 2014, the inventory was 58 homes on the market, 14 pending sales and there were 5 closed sales.  Better activity for Sewalls Point last year.

Sewalls Point Single Family Market Report May 2015

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Sewalls Point Single Family Market Report May 2015

 

Sewalls Point Single Family Market Report April 2015

Sewalls Point Single Family Market Report April 2015

Sewalls Point Real Estate Snapshot, Residential Sales for April 2015

 

There are currently 79 active listings (Increased by 7 homes since last month)

Sewalls Point Single Family Market Report April 2015

11 home sales are pending and awaiting close or lender approval (Down by 6 homes from March)

Sewalls Point Single Family Market Report April 2015

6 Homes sold in April (Increased by 3 homes from March)

Sewalls Point Single Family Market Report April 2015

The Sewalls Point single family homes market activity remains challenging for sellers.  Though buyers have some excellent choices and opportunities at the present time.  Closed sales doubled from last month, though the inventory is quite high and pending sales decreased.

The current absorption rate dropped to 13.2 months, in March it was 24 months. Much improved from last month, but still a buyer’s 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 April of 2014, the inventory was 58 homes on the market, 13 pending sales and there were 5 closed sales.  Other than 1 additional closed sale this year, last years activity was better when considering the lower inventory.

Sewalls Point Single Family Market Report April 2015

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Sewalls Point Single Family Market Report April 2015

 

Sewalls Point Single Family Market Report March 2015

Sewalls Point Single Family Market Report March 2015

Sewalls Point Real Estate Snapshot, Residential Sales for March 2015

 

There are currently 72 active listings (Increased by 4 homes since last month)

Sewalls Point Single Family Market Report March 2015

17 home sales are pending and awaiting close or lender approval (Up by 9 homes from February)

Sewalls Point Single Family Market Report March 2015

3 Homes sold in March (Unchanged from February)

Sewalls Point Single Family Market Report March 2015

The Sewalls Point single family homes market activity continues to have some difficulties, though there is some glimmer of better activity to come with a large increase in pending sales for this month.  Closed sales remained unchanged and the inventory was up by four homes.

The current absorption rate rose to 24 months, in February it was 22.7 months.  Sewalls Point single family home sales remain in an extreme buyers market for March.  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 of 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Very similar sales activity as compared to last year, but with greater inventory this year.

Sewalls Point Single Family Market Report March 2015

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Sewalls Point Single Family Market Report March 2015

 

Sewalls Point Single Family Market Report February 2015

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

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

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  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 of 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

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Sewalls Point Single Family Market Report February 2015

 

Sewalls Point Single Family Market Report January 2015

Sewalls Point Single Family Market Report January 2015

Sewalls Point Real Estate Snapshot, Residential Sales for January 2015

 

There are currently 58 active listings (No change since last month)

Sewalls Point Single Family Market Report January 2015

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

Sewalls Point Single Family Market Report January 2015

3 Homes sold in January (Decreased by 2 home from December)

Sewalls Point Single Family Market Report January 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory remains at a good level and pending sales were up a bit for January, but only three sales for last month.

The current absorption rate is 19.3 months, in December it was 11.6 months.  Sewalls Point single family home sales remain in a pretty extreme buyers market for January.  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 of 2013, the inventory was 54 homes on the market, 4 pending sales and there were 12 closed sales.  Considerably better activity for the start of 2014 as compared to this year.

Sewalls Point Single Family Market Report January 2015

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Sewalls Point Single Family Market Report January 2015

 

Sewalls Point Single Family Market Report December 2014

Sewalls Point Single Family Market Report December 2014

Sewalls Point Real Estate Snapshot, Residential Sales for December 2014

 

There are currently 58 active listings (Up by 1 home October)

Sewalls Point Single Family Market Report December 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report December 2014

5 Homes sold in December (Decreased by 1 home from October)

Sewalls Point Single Family Market Report December 2014

The Sewalls Point single family homes market activity for December 2014 continues to struggle, though there were three luxury sales in December for the high end market.  While this is an improvement from the summer months, there’s still plenty of room for growth.  Closed sales were down by 1 home while the inventory rose bu 1 also.  Pending sales remained unchanged.

The current absorption rate is 11.6 months, in September it was 9.5 months.  Sewalls Point remains a buyers market for December.  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 of 2013, the inventory was 43 homes on the market, 8 pending sales and there were 5 closed sales.  Identical numbers for closed and pending sales from last year, but this was with a lower number of available homes.

Sewalls Point Single Family Market Report December 2014
 

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Sewalls Point Single Family Market Report December 2014

 

Sewalls Point Single Family Market Report November 2014

Sewalls Point Single Family Market Report November 2014

Sewalls Point Real Estate Snapshot, Residential Sales for November 2014

 

There are currently 57 active listings (Up by 12 homes October)

Sewalls Point Single Family Market Report November 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report November 2014

6 Homes sold in November (Increased by 4 homes from October)

Sewalls Point Single Family Market Report November 2014

 

The Sewalls Point single family homes market activity for November 2014 finally had a nice little increase in closed sales after a pretty dismal summer.  While this is an improvement, it’s still no very good.  Inventory rose for the month while pending sales remained unchanged.

The current absorption rate is 9.5 months, in September it was 22.5 months.  Sewalls Point remains a buyers market for November.  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 November of 2013, the inventory was 46 homes on the market, 7 pending sales and there were 1 closed sales.  Somewhat better results for 2014.  Though there is still plenty of room for improvement.

Sewalls Point Single Family Market Report November 2014
 

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Sewalls Point Single Family Market Report November 2014