Sewalls Point Single Family Market Report August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

There are currently 41 active listings (Down by 7 homes from July)

8 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from last month)

7 Homes sold in August (Increased by 2 homes from July)

 The Sewalls Point single family homes market activity for August 2014 had a nice increase in closed sales for the month.  Unfortunately pending sales were off which is an indication of possible slower activity in the near future. Also, somewhat troubling is the decrease in inventory, now down for four months in a row.

The absorption rate is currently 5.6 months, considerably improved over last months 9.6 and now Sewalls Point is in a sellers 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 2013, the inventory was 46 homes on the market, 6 pending sales and there were 7 closed sales.  Similar numbers to last year, but with less inventory.

Sewalls Point, FL Real Estate

Rental Properties

• Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000

Vacant Land Properties

• 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

• 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