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

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report August 2015

 

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