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)

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

3 Homes sold in February (Unchanged from January)

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.

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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)

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

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

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.

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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)

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

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

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.

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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)

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

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

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.

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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)

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

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

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.

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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)

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

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 August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

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

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

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

 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, FL Real Estate

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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)

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

5 Homes sold in July (Unchanged from June)

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, FL Real Estate

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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)

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

5 Homes sold in June (Unchanged from May)

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.

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Sewalls Point Single Family Market Report May 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

There are currently 58 active listings (Unchanged from April)

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

5 Homes sold in April (Unchanged from April)

The Sewalls Point single family homes market activity for May 2014 is basically unchanged from April with the exception of one additional pending sale.   Activity is slow, but steady.  Sewalls point is a desirable location for families and it will be interesting to see if we have increased activity prior to the next school year.

The absorption rate is currently 11.6 months unchanged from last month and with plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 4 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 May of 2013, the inventory was 58 homes on the market, 17 pending sales and there were 7 closed sales.  Better activity, if only slightly, last year.

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Sewalls Point Homes for Sale and Sold Report April 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

There are currently 58 active listings (an decrease of 3 home for sale from March)

 13 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from last month)

5 Homes sold in March (Up by 1 homes from March)

The Sewalls Point market activity for April 2014 continues to show some slow movement.   Closed sales were up by 1 home from last month, but unfortunately pending sales (a sign of future activity) were off.  The inventory also decreased fro April.

The absorption rate is currently 11.6 months compared to last months 15.3 months, a nice improvement, but still plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 3 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 April 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Basically very similar to last spring’s activity.

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Sewalls Point Homes for Sale and Sold Report March 2014

Sewalls Point Real Estate Snapshot, Residential Sales for March 2014

There are currently 61 active listings (an increase of 1 home for sale from February)

 17 Residential sales are pending and awaiting close or lender approval (Up by 6 homes from last month)

4 Homes sold in February (Up by 3 homes from February)

After a very slow February, the Sewalls Point market activity for March 2014 is showing some good improvement.   While we had only 4 closed sales, it’s still much better than the single closed sale for February. Additionally, with 17 pending sales, it appears that closed sales should do much better in the coming months.  Active inventory rose by only 1 home.

The absorption rate is currently 15.3 months compared to last months 60 months, a nice improvement, but still plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 2 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 March 2013, the inventory was 57 homes on the market, 15 pending sales and there were 5 closed sales.  Marginally better activity last year.

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Sewalls Point Homes for Sale and Sold Report February 2014

Sewalls Point Real Estate Snapshot, Residential Sales for February 2014

There are currently 60 active listings (an increase of 6 homes for sale from January)

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

1 Homes sold in January (Down by 8 homes from January)

A difficult month for closed sales for the Sewalls Point market activity for February 2014.   Only 1 closed sales for February, even though this sale was at a nice price point, this is not a good number.  Inventory rose again for the second month in a row.  And, a glimmer of good news as pending sales rose from last month indicating a good sign pf more closed sales coming in the future.

The absorption rate shot up to 60 months compared to last months 6 months.  Not a good rate for sellers.  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 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  As in many of our other areas, we are continuing to see increased inventory.  Unfortunately, the market activity has decreased from February of 2013.

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