Sewalls Point Single Family Market Report February 2016

Sewalls Point Single Family Market Report February 2016

Sewalls Point Real Estate Snapshot, Residential Sales for February 2016

 

There are currently 56 active listings (Down by 1 homes since last month)

Sewalls Point Single Family Market Report February 2016

12 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from January)

Sewalls Point Single Family Market Report February 2016

6 Homes sold in February (Up by 2 sales from January)

Sewalls Point Single Family Market Report February 2016

The single family real estate market in Sewalls Point showed better closed numbers for February.  Though, there’s still room for improvement.  We are seeing some fairly steady sales in the higher price ranges in Sewalls Point which is a good sign.

The current absorption rate dropped to 9.3 months, in January it was 14.25 months. Still a buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 February of 2014, the inventory was 68 homes on the market, 8 pending sales and there were 3 closed sales.  Much improved activity when compared to last February.

Sewalls Point Single Family Market Report February 2016

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report February 2016

 

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