Sewalls Point Single Family Market Report December 2014

Sewalls Point Single Family Market Report December 2014

Sewalls Point Real Estate Snapshot, Residential Sales for December 2014

 

There are currently 58 active listings (Up by 1 home October)

Sewalls Point Single Family Market Report December 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report December 2014

5 Homes sold in December (Decreased by 1 home from October)

Sewalls Point Single Family Market Report December 2014

The Sewalls Point single family homes market activity for December 2014 continues to struggle, though there were three luxury sales in December for the high end market.  While this is an improvement from the summer months, there’s still plenty of room for growth.  Closed sales were down by 1 home while the inventory rose bu 1 also.  Pending sales remained unchanged.

The current absorption rate is 11.6 months, in September it was 9.5 months.  Sewalls Point remains a buyers market for December.  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 December of 2013, the inventory was 43 homes on the market, 8 pending sales and there were 5 closed sales.  Identical numbers for closed and pending sales from last year, but this was with a lower number of available homes.

Sewalls Point Single Family Market Report December 2014
 

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report December 2014

 

Leave a Reply