Plantation at Sewalls Point September 2018 Market Report

Plantation at Sewalls Point September 2018 Market Report

For September 2018 there are two homes available for sale in the Plantation at Sewalls Point.  List prices are $1,495,000 and $1,650,000.  This is an average list price of $1,572,500 which equals $317.13 per sq. ft. of living area.

There are no homes under contract at present in the Plantation at Sewalls Point.

In the past 12 months, there have been only one sale in the Plantation at Sewalls Point.  This home sold for $1,500,000 or $312.43 per sq. ft. of living area.  This home was on the market for 399 days before going under contract.  It sold for 97% of list price.

About Plantation at Sewalls Point:

Aerial of the Plantation at Sewalls PointThe Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.  Plantation Home 4

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.Plantation Home 2

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Plantation Home 1

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Plantation at Sewalls Point September 2018 Market Report

 

Castle Hill Real Estate Market Report September 2018

Castle Hill Real Estate Market Report September 2018

There are 2 homes currently for sale in Castle Hill in Sewalls Point, FL.  These homes are listed with prices from $795,000 up to $3,200,000.  This is an average list price of $1,690,000 which works out to $351.90 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months,  only 1 Castle Hill home has sold. The sales price was $600,000 or $204.36 per sq. ft. of living area.  This home was on the market for 211 days prior to going under contract.   It sold for 96% of list price.

About Castle Hill in Sewalls Point FL:

Castle Hill in Sewalls Point

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants, and schools.

Castle Hill in Sewalls Point Castle Hill in Sewalls Point

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi-million waterfront properties high on the deep Saint Lucie River to half an acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equidistant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill in Sewalls Point Castle Hill in Sewalls Point

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Castle Hill in Sewalls Point

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Castle Hill Real Estate Market Report September 2018

Sewalls Point Single Family Market Report August 2018

Sewalls Point Single Family Market Report August 2018

Sewalls Point Real Estate Snapshot, Residential Sales for August 2018

 

There are currently 52 active listings (Up by 2 homes from last month)

Sewalls Point Single Family Market Report August 2018

12 home sales are pending and awaiting close or lender approval (Up by 6 homes from July)

Sewalls Point Single Family Market Report August 2018

3 Homes sold in August (Decreased by 6 homes sales from July)

Sewalls Point Single Family Market Report August 2018

The single-family real estate market in Sewalls Point had a weak month for closed sales but did have an improved number of pending sales.  Hopefully, this will result in greater closed sales volume in the near future.

The absorption rate shot up to 17.3 months, in July was 5.6 months.  Back into a strong buyer’s market for Sewalls Point.  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 2017, the inventory was 54 homes on the market, 6 pending sales and there were 1 closed sales.  Better activity this year with plenty of room for improvement.

Sewalls Point Single Family Market Report August 2018

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Sewalls Point Single Family Market Report August 2018

 

Sewalls Point Single Family Market Report July 2018

Sewalls Point Single Family Market Report July 2018

Sewalls Point Real Estate Snapshot, Residential Sales for July 2018

 

There are currently 50 active listings (Up by 4 homes from last month)

Sewalls Point Single Family Market Report July 2018

6 home sales are pending and awaiting close or lender approval (Down by 4 homes from June)

Sewalls Point Single Family Market Report July 2018

9 Homes sold in July (Increased by 3 homes sales from June)

Sewalls Point Single Family Market Report July 2018

The single-family real estate market in Sewalls Point had increased closed sales for the month but not as many pending sales.  his could be an indication of fewer closed sales in the coming months.

The absorption rate dipped to 5.6 months, in June was 7.7 months.  Transitioning into a seller’s market for Sewalls Point.  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 July 2017, the inventory was 43 homes on the market, 8 pending sales and there were 8 closed sales.  Better activity last year with less inventory, except for one greater closed sale for this year.

Sewalls Point Single Family Market Report July 2018

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Sewalls Point Single Family Market Report July 2018

 

Rio Vista in Sewalls Point July 2018 Market Report

Rio Vista in Sewalls Point July 2018 Market Report

As of July 2018, there is 1 Rio Vista home for sale in Sewalls Point.  This home was listed for $399,900 or $229.30 per sq. ft. of living area.

There is one home currently under contract. The list price was $429,000 or $235.71 per sq. ft. of living area.  This home was on the market for 114 days before going under contract.

In the past 12 months, 8 Rio Vista homes have sold with sales prices ranging from $365,000 up to $1,450,000 for an average sales price of $770,250 which equals $269.55 per square foot of living area.  These homes averaged 139 days on market before going under contract and sold for 96% of list price.

About Rio Vista in Sewalls Point:

Rio Vista in Sewalls Point

The Rio Vista subdivision of South Sewalls Point spans the mid portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River.  Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between.  Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015.  Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point.  The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

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Rio Vista in Sewalls Point July 2018 Market Report