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Sewalls Point Single Family Market Report May 2016

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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 May 2016
Sewalls Point Real Estate Snapshot, Residential Sales for May 2016  

There are currently 70 active listings (Up by 2 homes since last month)

Sewalls Point Single Family Market Report May 2016

11 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from April)

Sewalls Point Single Family Market Report May 2016

9 Homes sold in May (Increased by 6 home sales from April)

Sewalls Point Single Family Market Report May 2016

The single family real estate market in Sewalls Point for May had a good month for closed sales and has come close to a balanced market. Unfortunately, a drop in pending sales may signal a potentially weaker upcoming summer.

The current absorption rate dipped to 7.8 months, in April it was 22.7 months. A very good step in the right direction and heading towards a balanced 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 May of 2014, the inventory was 69 homes on the market, 12 pending sales and there were 3 closed sales. Considerably greater sold homes for this year when compared to 2015. Mostly good news for Sewalls Point for a change.

Sewalls Point Single Family Market Report May 2016

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Sewalls Point Single Family Market Report May 2016

 

Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Well written market report Gabe Sanders .  Here's hoping the sales don't dip and Sewalls Point real estate remains as a balanced market.

Jun 20, 2016 04:24 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Sewalls Point FL homeowners looking to find out market value of their home would be wise to contact Gabe Sanders. As always, very detailed market report to help buyers as well as sellers. 

Jun 20, 2016 04:27 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Gabe, Absorption rate at 7.8 months from the previous high of over 22 months is certainly moving in the correct direction. good report and analysis of the Sewall's Point market. 

Jun 20, 2016 05:27 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gabe the market report contains a lot of info that can be quickly seen in the layout it is in.

Jun 20, 2016 06:58 AM
Yolanda Cordova-Gilbert
Richmond, TX

Gabe,

 I remember that $6.1 home from previous reports obviously not moving fast! Another good market report on Sewall's Point Market!

Jun 20, 2016 09:09 AM
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super report to share with the buyers and sellers that need to know more!

Jun 20, 2016 10:10 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Market time has a direct corralation to the price from what I see.   But still much shorter these days.

Jun 20, 2016 10:18 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Gabe Sanders , Great Market report for Sewalls Point.  Keep up the nice work!

Jun 20, 2016 11:46 AM
Roy Kelley
Retired - Gaithersburg, MD

Home sellers will be in very good hands when they select you as their listing agent.

Jun 20, 2016 09:46 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Gabe Sanders Thank you for taking the time to share this.  I find this type of information very informative and helpful for your intended audience.  I hope you have a wonderful week ahead.  Best wishes!

Jun 20, 2016 10:31 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.

Jun 20, 2016 11:26 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You are always on top of the market and are ready to give the facts on the Sewall Point real estate market. Good job.

Jun 20, 2016 11:29 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 reading, here’s a link for more information about Sewalls Point FL real estate.

Sep 04, 2016 12:02 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Sep 04, 2016 12:03 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments, always appreciated.

Sep 04, 2016 12:03 AM