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Sewalls Point Single Family Market Report August 2015

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

 

There are currently 59 active listings (Up by 1 homes since last month)

Sewalls Point Single Family Market Report August 2015

16 home sales are pending and awaiting close or lender approval (Increased by 4 homes from July)

Sewalls Point Single Family Market Report August 2015

3 Homes sold in August (Down by two sales from July)

Sewalls Point Single Family Market Report August 2015

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season.  Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales.  Considerably greater sales activity last year with less inventory.

Sewalls Point Single Family Market Report August 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

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Sewalls Point Single Family Market Report August 2015

 

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Gabe. You sure do have your hand on the pulse of this market, lots of important information for anyone considering buying or selling.

Make it a great weekend!

Sep 18, 2015 07:57 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Gabe.  Holy crap 19.7 months.  That is awful.  What is happening that nobody is buying in that market?

Sep 18, 2015 08:47 PM
Gabe Sanders

Folks who are selling in Sewalls Point feel that there is a large premium associated with this wonderful town.  Unfortunately, at this time those that are buying don't seem to feel the same way.

Sep 18, 2015 10:28 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in  the area will appreciate this information.

Sep 18, 2015 09:51 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Gabe Sanders,

Well researched presentation. I'm sure those interested in buying or selling will take note of your knowledge of the area. I am surprised like Conrad Allen  of the 19.7 months absorption rate! It is really a buyers market!!!

Sep 18, 2015 09:52 PM
Raymond E. Camp
Ontario, NY

Good morning Gabe,

With the price range the days on market look like we have here; just a lower price point.

Make yourself a great day.

Sep 18, 2015 09:57 PM
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

We just keep rising in all the figures.

Sep 18, 2015 10:08 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Buyers can still have a great time in the sunshine in Florida at great prices !

Sep 18, 2015 10:58 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Gabe: Very good preview of the Sewalls Point real estate market. Local consumers are fortunate to have you and your BlueWater Realty Team looking out for their best interest.

Sep 18, 2015 11:55 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

This is exactly what it means that real estate is LOCAL! Sewalls is just emerging from lower prices while some of your other Subdivisions yu report on are soaring in a Seller's Market. This is why you work with a REALTOR(r) who knows their market, like YOU!

Sep 19, 2015 12:31 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Gabe- good market update for Sewall's Point and it looks to me that buyers interested in this area should contact you now. 

Sep 19, 2015 03:28 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Gabe -- it will be nice to see those "pending" sales move into the SOLD category.  Nice overview of the single family home segment of the Sewalls Point real estate market.  

Sep 19, 2015 03:48 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, what a great time for a buyer to snag some deals in Sewells Point, and give Gabe a call to assist you! 

Sep 19, 2015 03:57 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gabe

The August 2015 single home real estate market report for Sewalls Point, Florida showed the market is steady and moving moving forward.

Good luck and success.

Lou Ludwig

Sep 19, 2015 12:48 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for stopping by.  I appreciate your comments for my Sewalls Point market report.

Sep 19, 2015 09:27 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

It seems like the more expensive properties have higher days on the market here in SE Oklahoma.  Do you find that to be true in Martin County Florida?

Sep 20, 2015 12:16 AM
Gabe Sanders

Yes, Judi K Barrett same situation here as there is not as large a pool of luxury buyers as there is for the less expensive market.

Sep 20, 2015 12:49 AM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local market reports.

Sep 20, 2015 11:15 PM