July 2015 Archipelago Real Estate of Sewalls Point Market Update

07.09.15 by

July 2015 Archipelago Real Estate of Sewalls Point Market Update

For July of 2015 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,550,000 and $1,995,000 for an average list price of $1,772,500 or $540.84 per sq. ft.

There are no homes are currently under contract.

In the past 12 months, there have been no homes sold in the Archipelago of Sewalls Point. The last sale was just outside a year on 4/30/2014 which was a $735,000 sale price.

Aerial of 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.

 View of the Archipelago of Sewalls Point

View of 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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July 2015 Archipelago Real Estate of Sewalls Point Market Update

Few Sewalls Point Listings Will Top This One!

07.01.15 by

Few Sewalls Point Listings Will Top This One!

Côte d’Azur

LE PLAN DE LA TOUR – VILLA FOR SALE

Putting together a Sewalls Point listing is serious business. It has to be brief, to-the-point, and at the same time, engaging. The photos and language of a Sewalls Point listing is the tip of the marketing spear: if it’s dull, and just a repetition of the specifics that are enumerated in the columns of numbers that follow, it’s less likely to get more than a glance from potential buyers.

At the same time, every Stuart listing has to be fastidiously accurate. If it exaggerates or mischaracterizes a property’s features, it will waste time and effort by creating traffic from prospects who were never going to be interested in the first place. They’ll be rightly annoyed. A well-crafted listing for a Sewalls Point home will highlight the distinctive features that make it stand out from the crowd. It will attract qualified buyers who will want to investigate further.

As a matter of course, we in the real estate profession check out lots of listings from many other areas. It’s part of the job, keeping abreast of what is new elsewhere—comparing how others in other areas meet the challenges of language and imagery. Of course, after years of experience, you encounter few surprises.

But last week there was news of a listing unlike any other. I’m not sure that the details and language are going to be useful for describing many Stuart properties, since this detailed a foreign estate (on the Côte d’Azur) being put on the market by “a talented artist and musician.” The asking price is $25+ million, so it’s also a bit pricey for most buyers. But as an attention-getter, this listing ranks right up there at the top.

First off, the talented artist and musician is Johnny Depp, whose comings and goings generate headlines at all times. The listing language, in fact, is most precisely quoted by the Australian Domain real estate site—rather than a French source. The Australian public has been keeping track of Depp because of his continuing brush with authorities there over alleged dog-smuggling activities (his Yorkies, Pistol and Boo, are now safely out of the country). Domain tells us that the estate consists of “more than a dozen buildings, including a main house, several guest cottages, a chapel, a bar & restaurant, a workshop/garage, a staff house and much more.”

Students of listing lingo might decide that this descriptor belongs in the ‘subtly understated’ category, particularly when the “much more” is teased out: the estate, it turns out, is actually a small Provençal village. More than a decade ago, Depp bought an entire early-19th-century village. It may have been a bit run down—but it did include its own church (the actor turned it into a guest cottage, with the confessional becoming a wardrobe). Depp took on the project as a sort of extreme DIY project. The restaurant became his dining room. He brought in a covered wagon for another guesthouse (it’s unclear how that worked out).

Not every Sewalls Point listing rates being quoted in a feature story in The Wall Street Journal, but this one surely did. “A wine cave in the main house has a Pirates of the Caribbean motif,” according to the Journal (as one reader commented, “Go get’m Sparrow!”).

You don’t have to have a French village, though, if you are thinking of adding your own estate to this summer’s Stuart listings. Just give me a call!

Few Sewalls Point Listings Will Top This One!

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

06.21.15 by

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

 Sewalls Point Real Estate

When it comes to boosting your Sewalls Point home’s value, the question arises about which of the possible improvements that you might undertake would wind up paying for themselves. At first blush, you might think this should be a cut-and-dried analysis­—that is, any improvements that don’t at least add their own cost to the asking price should be disqualified.

But that would be to discount the fact that a property’s improved condition can speed its sale. When a few improvements might change the overall impression from ‘fixer-upper’ to ‘move-in-ready,’ true value is added. Too many days on market can wind up being costly to the seller, not only because of the inconvenience factor, but because interested buyers may assume a deeply discounted offer will have a better chance of being accepted.

In any case, especially when the budget for improvements is especially tight, there are some cheap fixes that can be counted as especially likely to recoup their cost. Here are three that Stuart sellers can consider:

Let There Be Light

Nothing torpedoes a Sewalls Point home’s marketability like the impression that it’s a creaky old relic. We’re not talking about homes that merit ‘antique’ status, which is a plus, but those with rooms that seem gloomy: the opposite of those with bright, airy spaces that convey a cheerful feeling. Because rebuilding a room to actually expand its physical dimensions is expensive, one solution is to create an improved atmosphere with light: adding or replacing light fixtures.

To maximize your bang for the buck, consider adding a showpiece fixture or two—perhaps a chandelier or pair of wall sconces—in key locations. The kitchen, dining room, and entryway/foyer are all great choices for a hanging light fixtures. Buyers often tend to focus on those areas, and respond well when they are transformed into warm and inviting spaces.

Seed Your Way to Curb Appeal

It’s a truism that curb appeal is vital, but when time and budget make it impractical to deal with a full front yard do-over, one of the least costly improvements that immediately boosts eye-appeal is to put the lawn in top condition with a quick reseed. Brown patches and bare spots are a sure way to kill a lawn’s visual appeal, and even otherwise-healthy areas can get a boost from thicker growth. A variety of easy-to-use products are available that allow you to simply sprinkle an all-in-one mixture of fertilizer and seeds that will take root and grow quickly. Take a pass over the lawn now, and with consistent watering, by summer the entire yard can look terrific!

Update Vintage Plumbing

While appearance matters, buyers are still going to be very interested in the “guts” of the home. If you’re dealing with an older Sewalls Point house, it’s likely that the plumbing has seen better days. Fortunately, replacing or upgrading pipes doesn’t have to be as expensive and disruptive a project as used to be the case. Modern technology allows new plastic piping to be snaked between the walls through a few small holes. Amazingly, today’s plumbers can sometimes even avoid installing new pipes by lining existing pipes with self-expanding vinyl bladders that seal leaks and protect water quality.

I’m always happy to provide a no-obligation consultation to discuss which budget-wise improvements have a track record of adding appeal to Stuart home buyers. Why not give me a call?

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

Sewalls Point Single Family Market Report May 2015

06.10.15 by

Sewalls Point Single Family Market Report May 2015

Sewalls Point Real Estate Snapshot, Residential Sales for May 2015

 

There are currently 69 active listings (Decreased by 10 homes since last month)

Sewalls Point Single Family Market Report May 2015

12 home sales are pending and awaiting close or lender approval (Up by 1 homes from April)

Sewalls Point Single Family Market Report May 2015

3 Homes sold in May (Decreased by 3 homes from April)

Sewalls Point Single Family Market Report May 2015

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth.  The inventory declined for the month and there are some good pending numbers, but closed sales were off for May.

The current absorption rate increased to 23 months, in April it was 13.2 months. Lots of room for improvement.  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 May of 2014, the inventory was 58 homes on the market, 14 pending sales and there were 5 closed sales.  Better activity for Sewalls Point last year.

Sewalls Point Single Family Market Report May 2015

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Sewalls Point Single Family Market Report May 2015

 

South Sewalls Point Pool Home Sold

05.29.15 by

South Sewalls Point Pool Home Sold

Another Stuart FL sale from the Gabe Sanders BlueWater Realty Team.  This home on 11 Lantana Lane was a bank owned foreclosure which closed for a sales price of $420,000.

South Sewalls Point Pool Home

Magnificent 2 story home with 3 bedroom, 3 baths, and ceramic tile flooring. A large open pool adjacent to a covered patio with a very private fenced back yard with a playhouse and Tiki Shack. Enter this home through a decorative circular drive to your open front foyer and entrance. The living room enjoys wonderful views of the yard and has a fireplace. The master bedroom has two closets one cedar lined along with an over sized master bathroom.

South Sewalls Point Pool Home South Sewalls Point Pool Home

Sewalls Point is an upscale and unique peninsula town located on the eastern side of Martin County, Florida.  Sewalls Point is home to many younger families, professionals and some seasonal residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise.  Sewalls Point waterfront real estate offers wide water views of the Saint Lucie River on the west side and the Indian River (the Intracoastal Waterway) on the east side. Beautiful tree-lined streets feature estate homes, many of which are wide waterfront estates with quick access to the Atlantic Ocean.  With a population of just over 2,000 residents, Sewalls Point boasts a high quality of life with small-town character, while offering the amenities of a much larger town, with its own City Hall and Police Force.

South Sewalls Point Pool Home South Sewalls Point Pool Home

Sewalls Point is very well situated only minutes from the beaches of South Hutchinson Island and also close to shopping malls, restaurants, big-name chains, three nearby medical centers and more.  Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.  Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.

South Sewalls Point Pool Home South Sewalls Point Pool Home

 South Sewalls Point Carousel of Homes

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South Sewalls Point Pool Home Sold


Sewalls Point Single Family Market Report April 2015

05.13.15 by

Sewalls Point Single Family Market Report April 2015

Sewalls Point Real Estate Snapshot, Residential Sales for April 2015

 

There are currently 79 active listings (Increased by 7 homes since last month)

Sewalls Point Single Family Market Report April 2015

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

Sewalls Point Single Family Market Report April 2015

6 Homes sold in April (Increased by 3 homes from March)

Sewalls Point Single Family Market Report April 2015

The Sewalls Point single family homes market activity remains challenging for sellers.  Though buyers have some excellent choices and opportunities at the present time.  Closed sales doubled from last month, though the inventory is quite high and pending sales decreased.

The current absorption rate dropped to 13.2 months, in March it was 24 months. Much improved from last month, but still a buyer’s 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 April of 2014, the inventory was 58 homes on the market, 13 pending sales and there were 5 closed sales.  Other than 1 additional closed sale this year, last years activity was better when considering the lower inventory.

Sewalls Point Single Family Market Report April 2015

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Sewalls Point Single Family Market Report April 2015

 

Sewalls Point Single Family Market Report March 2015

04.08.15 by

Sewalls Point Single Family Market Report March 2015

Sewalls Point Real Estate Snapshot, Residential Sales for March 2015

 

There are currently 72 active listings (Increased by 4 homes since last month)

Sewalls Point Single Family Market Report March 2015

17 home sales are pending and awaiting close or lender approval (Up by 9 homes from February)

Sewalls Point Single Family Market Report March 2015

3 Homes sold in March (Unchanged from February)

Sewalls Point Single Family Market Report March 2015

The Sewalls Point single family homes market activity continues to have some difficulties, though there is some glimmer of better activity to come with a large increase in pending sales for this month.  Closed sales remained unchanged and the inventory was up by four homes.

The current absorption rate rose to 24 months, in February it was 22.7 months.  Sewalls Point single family home sales remain in an extreme buyers market for March.  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 March of 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Very similar sales activity as compared to last year, but with greater inventory this year.

Sewalls Point Single Family Market Report March 2015

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Sewalls Point Single Family Market Report March 2015

 

Sewalls Landing April 2015 Market Update

04.03.15 by

Sewalls Landing April 2015 Market Update

As of April 2015, there are three homes available for sale in Sewalls Landing with prices from $515,000 to $819,000 for an average price per sq. ft. of $249.41

There are two homes under contract which have not yet closed.  List prices were $425,000 and $515,000 for an average list price of $206.34 per sq. ft. of living area.

In the past 12 months, 4 Sewalls Landing homes have sold.  Sales prices ranged from $435,000 to $572,000 for an average sales price of $482,500 which equals $214.45 per sq. ft. of living area. These sales averaged for 94% of list price.

There were no short sales or foreclosures (distressed sales) in any Sewalls Landing transactions this year.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.
Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Landing April 2015 Market Update

Sewalls Point Single Family Market Report February 2015

03.09.15 by

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

8 home sales are pending and awaiting close or lender approval (Down by two homes from January)

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  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 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

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Sewalls Point Single Family Market Report February 2015

 

Sewalls Point Single Family Market Report January 2015

02.09.15 by

Sewalls Point Single Family Market Report January 2015

Sewalls Point Real Estate Snapshot, Residential Sales for January 2015

 

There are currently 58 active listings (No change since last month)

Sewalls Point Single Family Market Report January 2015

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

Sewalls Point Single Family Market Report January 2015

3 Homes sold in January (Decreased by 2 home from December)

Sewalls Point Single Family Market Report January 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory remains at a good level and pending sales were up a bit for January, but only three sales for last month.

The current absorption rate is 19.3 months, in December it was 11.6 months.  Sewalls Point single family home sales remain in a pretty extreme buyers market for January.  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 January of 2013, the inventory was 54 homes on the market, 4 pending sales and there were 12 closed sales.  Considerably better activity for the start of 2014 as compared to this year.

Sewalls Point Single Family Market Report January 2015

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Sewalls Point Single Family Market Report January 2015

 

Sewalls Point Single Family Market Report December 2014

01.10.15 by

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
 

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Sewalls Point Single Family Market Report December 2014

 

January 2015 Market Update High Point Sewalls Point

01.03.15 by

January 2015 Market Update High Point Sewalls Point

As of January 2015, there are 3 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $1,199,000 to $2,495,000.  The average listing price is 1,848,000 which equals $526.00 per square foot of living area.  There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close.  The list price is $3,900,000 or $739,20 per sq. ft. of living area.

In the past 12 months, 7 High Point homes have sold.  Sales prices ranged from $375,000 to $2,600,000 for an average sales price of $1,076,714 which equals 284.34 per sq. ft. of living area and an 87% list to sales ratio.  Of these sales, one was a short sale.

High Point in Sewalls Point, Florida


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 in Sewalls Point, Florida
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 in Sewalls Point, Florida

 

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.

High Point in Sewalls Point, FloridaHome 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 in Sewalls Point, FloridaThere 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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January 2015 Market Update High Point Sewalls Point

Sewalls Point Single Family Market Report November 2014

12.09.14 by

Sewalls Point Single Family Market Report November 2014

Sewalls Point Real Estate Snapshot, Residential Sales for November 2014

 

There are currently 57 active listings (Up by 12 homes October)

Sewalls Point Single Family Market Report November 2014

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

Sewalls Point Single Family Market Report November 2014

6 Homes sold in November (Increased by 4 homes from October)

Sewalls Point Single Family Market Report November 2014

 

The Sewalls Point single family homes market activity for November 2014 finally had a nice little increase in closed sales after a pretty dismal summer.  While this is an improvement, it’s still no very good.  Inventory rose for the month while pending sales remained unchanged.

The current absorption rate is 9.5 months, in September it was 22.5 months.  Sewalls Point remains a buyers market for November.  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 November of 2013, the inventory was 46 homes on the market, 7 pending sales and there were 1 closed sales.  Somewhat better results for 2014.  Though there is still plenty of room for improvement.

Sewalls Point Single Family Market Report November 2014
 

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Sewalls Point Single Family Market Report November 2014

 

Sewalls Point Single Family Market Report October 2014

11.13.14 by

Sewalls Point Single Family Market Report October 2014

Sewalls Point Real Estate Snapshot, Residential Sales for October 2014

 

There are currently 45 active listings (Unchanged from September)

Sewalls Point Single Family Market Report October 2014

 

8 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

Sewalls Point Single Family Market Report October 2014

 

2 Homes sold in October (Increased by 2 homes from September)

Sewalls Point Single Family Market Report October 2014

 

The Sewalls Point single family homes market activity for October 2014 had two closed sales after nothing last month.  While this is an improvement, it’s still no very good.  Inventory was steady and pending sales rose by 1 home.

The current absorption rate is 22.5 months, in August it was 5.6 months.  This is an extreme buyers market for October.  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 October of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 5 closed sales.  Better closed activity last year, though with similar pending activity, we may see some improvement in the coming months.

Sewalls Point Single Family Market Report October 2014 

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Sewalls Point Single Family Market Report October 2014

 

Sewalls Point Single Family Market Report September 2014

10.07.14 by

Sewalls Point Single Family Market Report September 2014

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

There are currently 45 active listings (Up by 4 homes from August)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

 7 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from last month)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

No Homes sold in September (Decreased by 7 homes from August)

 

 After a fairly positive August for the Sewalls Point single family homes market activity, September 2014 is the first month in quite some time with no closed sales on record.  September is also the first month in five months with an increase in inventory.  Pending sales remain fairly weak as well as the Sewalls Point residential real estate market could definitely use some improvement.

With zero sales, no absorption rate can be calculated.  Though in August it was 5.6 months.  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 September of 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales.  Very similar activity as compared to last year, with the exception of the zero sales activity.

 

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Sewalls Point Single Family Market Report September 2014

 

Sewalls Point Single Family Market Report August 2014

09.11.14 by

Sewalls Point Single Family Market Report August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

 

There are currently 41 active listings (Down by 7 homes from July)

Sewalls Point Single Family Market Report August 2014

 

8 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from last month)

Sewalls Point Single Family Market Report August 2014

7 Homes sold in August (Increased by 2 homes from July)

Sewalls Point Single Family Market Report August 2014

 The Sewalls Point single family homes market activity for August 2014 had a nice increase in closed sales for the month.  Unfortunately pending sales were off which is an indication of possible slower activity in the near future. Also, somewhat troubling is the decrease in inventory, now down for four months in a row.

The absorption rate is currently 5.6 months, considerably improved over last months 9.6 and now Sewalls Point is in a sellers 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 2013, the inventory was 46 homes on the market, 6 pending sales and there were 7 closed sales.  Similar numbers to last year, but with less inventory.

Sewalls Point Single Family Market Report August 2014

Sewalls Point, FL Real Estate

 

Sewalls Point Florida Real Estate presented by:
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Sewalls Point Single Family Market Report August 2014

 

September 2014 Market Update for Castle Hill Sewalls Point

09.06.14 by

September 2014 Market Update for Castle Hill Sewalls Point

There are currently two homes for sale in Castle Hill.  The listing prices are $639,900 and 2,450,000.  This averages to  $416.80 per sq. ft. of living area.

There are currently no homes under contract, pending a sale.

In the past 12 months, there have been no sales in Castle Hill.  

Castle Hill Gate

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewall’s 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.

Water views

Residents of Castle Hill enjoy the good life with low HOA fees 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 acre and larger dry home fronts with homes now starting in the high $400,000’s.

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

Castle Hill Home

Here are the currently available homes for sale in Castle Hill

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September 2014 Market Update for Castle Hill Sewalls Point

Plantation at Sewalls Point September 2014 Market Update

09.05.14 by

Plantation at Sewalls Point September 2014 Market Update

In September of 2014 there is one waterfront home listed in the Plantation at Sewalls Point.  The list price is $1,695,000 which equals $952.25 per square foot 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 no sales in the Plantation at Sewalls Point.

Aerial of the Plantation at Sewalls Point

 

The 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

Entrance

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Plantation at Sewalls Point September 2014 Market Update

 

Sewalls Point Single Family Market Report July 2014

08.11.14 by

Sewalls Point Single Family Market Report July 2014

Sewalls Point Real Estate Snapshot, Residential Sales for July 2014

 

There are currently 48 active listings (Down by 5 homes from June)

Sewalls Point Single Family Market Report July 2014

13 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from last month)

Sewalls Point Single Family Market Report July 2014

 

5 Homes sold in July (Unchanged from June)

Sewalls Point Single Family Market Report July 2014

 

The Sewalls Point single family homes market activity for July 2014 had the same number of closed sales as in June (and May).  The pending numbers rose slightly, while the available inventory is down for the third month in a row.  Activity for the Sewalls Point market has increased, though the decrease in inventory could be troubling for future sales.

The absorption rate is currently 9.6 months better than last months 10.6 but still of room for improvement. It’s not unusual to see a somewhat higher absorption rate for Sewalls Point as we are dealing with generally higher valued properties that can take a bit longer to sell on average.  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 of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 3 closed sales.  Much better results for July of 2014.

Sewalls Point Single Family Market Report July 2014

 

 

Sewalls Point, FL Real Estate

Rental Properties

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Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Sewalls Point Single Family Market Report July 2014

 

Sewalls Point Single Family Market Report June 2014

07.09.14 by

Sewalls Point Single Family Market Report June 2014

Sewalls Point Real Estate Snapshot, Residential Sales for June 2014

 

There are currently 53 active listings (Down by 5 homes from May)

Sewalls Point Single Family Market Report June 2014

11 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from last month)

Sewalls Point Single Family Market Report June 2014

5 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2014

The Sewalls Point single family homes market activity for June 2014 had the same number of closed sales as in May.  Both the inventory and pending sales declined for June.  Whether this means decreased activity for the future or not remains to be seen, but it appears to be the case.

The absorption rate is currently 10.6 months better than last months 11.6 but still of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 5 months now, as activity for this community has slowed this year.  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 June of 2013, the inventory was 52 homes on the market, 10 pending sales and there were 8 closed sales.  Better closed activity in 2013.  Other parameters are mostly unchanged.

Sewalls Point Single Family Market Report June 2014

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Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report June 2014