Sewalls Point Single Family Market Report January 2019

Sewalls Point Single Family Market Report January 2019

Sewalls Point Real Estate Snapshot, Residential Sales for January 2019

There are currently 76 active listings (Up by 7 home from last month)

Sewalls Point Single Family Market Report January 2019

17 home sales are pending and awaiting close or lender approval (Up by 8 homes from December)

Sewalls Point Single Family Market Report January 2019

5 Homes sold in December (Unchanged from December)

Sewalls Point Single Family Market Report January 2019

The single-family real estate market in Sewalls Point had a large increase in inventory and with pending sales.  Hopefully, this will translate to more closed sales in the near future.

The absorption rate rose to 15.2 months, in December it was 13.4 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 2018, the inventory was 50 homes on the market, 10 pending sales and there were 6 closed sales.  Considerably greater inventory this year with fewer sales, but better-pending activity.

Sewalls Point Single Family Market Report January 2019

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Sewalls Point Single Family Market Report January 2019

 

Rio Vista in Sewalls Point January 2019 Market Report

Rio Vista in Sewalls Point January 2019 Market Report

As of January 2019, there are 2 Rio Vista homes for sale in Sewalls Point.  List prices are $619,500 and  $1,295,000.  Yhis is an average list price of $957,250 or $371.00 per sq. ft. of living area.

There are no Rio Vista subdivision homes under contract.

In the past 12 months, 5 Rio Vista homes have sold.  Sales prices ranged from $365,000 up to $1,550,000.  This works out to an average sales price of $691,780 which equals $270.80 per square foot of living area.  These homes averaged 140 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.

Click here to search for any Rio Vista homes for Sale in Sewalls Point

Click here for all Sewalls Point homes for Sale

Rio Vista in Sewalls Point January 2019 Market Report

Archipelago of Sewalls Point January 2019 Market Report

The Archipelago of Sewalls Point January 2019 Market Report

For January 2019 there are 3 homes available for purchase in the Archipelago of Sewalls Point.  The list prices range from $820,000 up to $1,595,000.  This is an average list price of $1,286,667 or $432.05 per sq. ft. of living area.

There is 1 home currently under contract.  The list price was $2,200,000 which is $737.02 per sq. ft. of living area.  This home was on the market for 167 days prior to going under contract.

In the past 12 months, there has been 1 sale in the Archipelago of Sewalls Point.  This home sold for $600,000 which equals $243.11 per sq. ft. of living area.  It was on the market for 96 days until going under contract and sold for 96% of list price.

About the Archipelago of Sewalls Point:

the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non-gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes to spectacular estate lots with magnificent views.

 the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

the Archipelago of Sewalls Point

The Archipelago of Sewalls Point January 2019 Market Report

Sewalls Point Single Family Market Report December 2018

Sewalls Point Single Family Market Report December 2018

Sewalls Point Real Estate Snapshot, Residential Sales for December 2018

 

There are currently 69 active listings (Up by 1 home from last month)

Sewalls Point Single Family Market Report December 2018

9 home sales are pending and awaiting close or lender approval (Unchanged from November)

Sewalls Point Single Family Market Report December 2018

5 Homes sold in December (Increased by 3 homes sales from November)

Sewalls Point Single Family Market Report December 2018

The single-family real estate market in Sewalls Point showed a nice little rebound in sales for December, though a little more activity would be welcome.

The absorption rate dropped to 13.4 months, in November it was 34 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 2017, the inventory was 46 homes on the market, 13 pending sales and there were 3 closed sales.  A nice little improvement of closed sales for this year, but this is with a considerably larger inventory of available homes for sale.

Sewalls Point Single Family Market Report December 2018

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Sewalls Point Single Family Market Report December 2018

 

High Point Sewalls Point January 2019 Market Report

High Point Sewalls Point January 2019 Market Report

As of January 2019, there are 6 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   List prices range from $1,295,000 up to $3,400,000.  The average listing price is $2,023,333 which equals $412.67 per square foot of living area.

There are no High Point homes currently under contract and awaiting close.

In the past 12 months, 6 High Point homes have sold.  Sales prices ranged from $600,000 up to $1,600,000.  This works out to an average sales price of $1,001,417 which equals $323.29 per sq. ft. of living area.  Sales prices averaged 96% of list price and went under contract in an average of 139 days after being listed.

About High Point in Sewalls Point FL:

High Point and High Point Isle in Sewalls Point

Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
High Point and High Point Isle in Sewalls Point

High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the Intracoastal Waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

High Point and High Point Isle in Sewalls Point

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre and greater.

High Point and High Point Isle in Sewalls Point

Home sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point and High Point Isle in Sewalls Point

There are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

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Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

High Point Sewalls Point January 2019 Market Report