Sewalls Point Single Family Market Report July 2014

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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 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

 

 Search below for Sewalls Point Florida Real Estate for Sale

 

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Sewalls Point Single Family Market Report July 2014

 

 

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Groups:
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Tags:
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Rainmaker
1,729,603
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Gabe ....great report ....I hope you received a lot of calls from this one today!

Aug 14, 2014 05:46 AM #1
Ambassador
1,553,556
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Hi Gabe Sanders   Your Sewalls Point market report speaks volumes about your area market knowledge

Aug 14, 2014 10:16 AM #2
Rainmaker
504,738
Teral McDowell
Referral Patners LLC - Murphy, TX

hi Gabe, it looks like your market is staying steady for the most part. I do like your graph. I don't think I've seen one reflecting the individual homes quite like you did. It's a great perspective on the sold properties for July. 

Aug 14, 2014 12:31 PM #3
Rainmaker
1,570,791
David Saks
(retired) - Memphis, TN

Rockin' in Sewell's Point, Gabe. Hope you have a terrific day.

Aug 14, 2014 10:25 PM #4
Rainmaker
4,798,170
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 an commenting on my Sewalls Point market report.

Aug 15, 2014 09:36 PM #5
Rainmaker
5,621,404
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home buyers and home sellers will be in good hands when they use your professional services.

Enjoy the weekend!

Aug 15, 2014 10:23 PM #6
Rainmaker
4,798,170
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.

Feb 12, 2016 05:14 AM #7
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Feb 12, 2016 05:15 AM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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