Sewalls Point Residential Market Report July 2012

Sewalls Point Real Estate Snapshot, Residential Sales for July 2012

There are currently 56 active listings (a decrease of 9 homes for sale from April)

[singlepic id=2563 w=600 h=600 float=center]

[singlepic id=2564 w=600 h=600 float=center]

14 Residential sales are pending and awaiting close or lender approval (A decrease of 4 from April)

[singlepic id=2565 w=600 h=600 float=center]

5 Homes sold in April (Down 1 from April)

[singlepic id=2566 w=600 h=600 float=center]

[singlepic id=2567 w=600 h=600 float=center]

[singlepic id=2568 w=600 h=600 float=center]

[singlepic id=2569 w=600 h=600 float=center]

The Sewalls Point market report for July 2012 remained pretty static compared to last months numbers with the exception of one less home for sale.  Whether this is a sign of the sold listings or sellers waiting for the season to sell, remains to be seen.   One high end home sold for $2,900,000 last month and the other four sales ranged from the 300’s to the 500’s price range.  Both pending and sold numbers remain unchanged from June.

Comparing the results to July of 2011, the inventory slightly higher this year as there were 52 homes on the market last year, pending sales were 15, and no homes sold.  Considerably better numbers this year as the Sewalls Point real estate market is showing signs of a rebound.