Sewalls Point Market Report – Residential, October 2011
Sewalls Point Real Estate Snapshot, Residential Sales for October 2011
There are currently 43 active listings (a decrease of 10 homes for sale from September)
14 Residential sales are pending and awaiting close or lender approval (Up 5 from September)
Only 1 Home sold in October (Down 3 from September)
In October of 2011, only 1 home was sold in Sewalls Point, Florida. This home was a waterfront home on North Sewalls Point and sold for 94% of the listing price. Buyers were represented by our office. The inventory for Sewalls Point declined for October as we had an increase in pending sales to 14 homes and a number of sellers have allowed their homes to go off the market.
Lower inventory and hope for more future sales is a good signs as we enter the winter season and next year. As the holidays approach we may have some softening of the market as both buyers and sellers tend to be more occupied with family and the distractions of the season.
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Sewalls Point Market Report – Residential, October 2011
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