Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for August 2011

There are currently 37 active listings (a reduction of 15 homes for sale from June)

13 Residential sales are pending and awaiting close or lender approval (Down 2 from June)

4 Homes sold in August (much better than the zero sales from June)

In August of 2011, 4 homes were sold in Sewalls Point. Much better than the zero sales from June.  But not as good as the 8 homes that sold in July, which included 3 waterfront homes.  The inventory is down considerably which makes Sewalls Point homes of good value much more difficult to find and more attractive.  Unfortunately at this point, the economy is also a big question mark and many upscale buyers are nervous about making a move in such uncertain times, even though interest rates are at historic all-time lows.  Along with the low-interest rates, lenders have made their loan products more difficult to obtain with much more stringent standards than before.

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for June 2011

For June 2011 in Sewalls Point, Florida :

There are currently 52 active listings (a reduction of 6 homes for sale from May)

15 Residential sales are pending and awaiting close or lender approval (Up 5 from May)

In June of 2011, no homes were sold in Sewalls Point.  This unfortunate statistic is replaced by some positives as pending sales increased to 15 (by 5 from May) and the inventory has decreased by 6 to 52 active listings.  Summer sales are sluggish along with some major uncertainty for the economy that has many potential buyers waiting on the sidelines for some positive news to allay their fears.

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

For May 2011 in Sewalls Point, Florida :

There are currently 58 active listings (a reduction of two homes for sale from April)

10 Residential sales are pending and awaiting close or lender approval (An decrease of 2 from April)

4 homes closed in Sewalls Point Florida in May (down 1 from April)

Sales and pendings by numbers decreased a little from last month, but the inventory was also down for the Sewalls Point residential market in Stuart, Florida.  Of particular interest is that two of the four sales were in the $2.5 and $3.5 Million dollar range.

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for April 2011

For April 2011 in Sewalls Point, Florida :

There are currently 60 active listings (unchanged from March)

12 Residential sales are pending and awaiting close or lender approval (An decrease of 1 from March)

5 homes closed in Sewalls Point Florida in April (up from 2 in March)

This spring has shown excellent resiliency in the real estate market for Sewalls Point.  Other than a very weak February, both March and April have shown positive results with increases in both pending and closed sales.  If you look at the greater area snapshot for Martin County, it appears that this trend is continuing for all of Martin County.

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

For March 2011 in Sewalls Point, Florida :

There are currently 60 active listings (down 9 from February)

11 Residential sales are pending and awaiting close or lender approval (A decrease of 1 from February)

2 homes closed in Sewalls Point Florida in March (0 in February)

Some moderately positive signs for the Sewalls Point real estate market as two homes completed sales in March as well as continued strong pending numbers and a decrease in the existing inventory.

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for February 2011

For February 2011 in Sewalls Point, Florida :

There are currently 69 active listings (up 4 from January)

12 Residential sales are pending and awaiting close or lender approval (An increase of 3 from January)

No homes closed in Sewalls Point Florida in February (2 in January)

Unfortunately no sales of homes in Sewalls Point Florida in February, however, there are 12 pending sales that will hopefully close soon.  Inventory was also up a small number (4 homes).

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for January 2011

For January 2011 in Sewalls Point, Florida :

There are currently 65 active listings (down by two from December)

9 Residential sales are pending and awaiting close or lender approval (same as last month)

2 Homes Sold in January (down 2 from December)

Martin County residential activity has been strong, but the price premium for Sewalls Point appears to be having a damping effect on this segment of the market.  I’m anticipating a bit more activity for the spring season though.