Sewalls Point, FL Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Sewall's Point FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Rio Vista in Sewalls Point January 2019 Market ReportAs of January 2019, there are 2 Rio Vista homes for sale in Sewalls Point.  List prices are $619,500 and  $1,295,000.  This is an average list price of $957,250 or $371.00 per sq. ft. of living area.There are no Rio Vista subdivision homes under contract.In the past 12 months, 5 Rio Vista homes have sold.  Sales prices ranged from $365,000 up to $1,550,000.  This works out to an average sales price of $691,780 which equals $270.80 per square foot of living area.  These homes averaged 140 days on market before going under contract and sold for 96% of list price.About Rio Vista in Sewalls Point:The Rio Vista subdivision of South Sewalls Point spans the mid-portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie R...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
The Archipelago of Sewalls Point January 2019 Market Report For January 2019 there are 3 homes available for purchase in the Archipelago of Sewalls Point.  The list prices range from $820,000 up to $1,595,000.  This is an average list price of $1,286,667 or $432.05 per sq. ft. of living area. There is 1 home currently under contract.  The list price was $2,200,000 which is $737.02 per sq. ft. of living area.  This home was on the market for 167 days prior to going under contract. In the past 12 months, there has been 1 sale in the Archipelago of Sewalls Point.  This home sold for $600,000 which equals $243.11 per sq. ft. of living area.  It was on the market for 96 days until going under contract and sold for 96% of list price. About the Archipelago of Sewalls Point: Located in the pre...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report January 2019 SEWALLS POINT Real Estate Snapshot, Residential Sales for January 2019 There are currently 76 active listings (Up by 7 home from last month) 17 home sales are pending and awaiting close or lender approval (Up by 8 homes from December) 5 Homes sold in December (Unchanged from December) The single-family real estate market in Sewalls Point had a large increase in inventory and with pending sales.  Hopefully, this will translate to more closed sales in the near future. The absorption rate rose to 15.2 months, in December it was 13.4 months.  Still a buyers market for Sewalls Point but trending in the right direction.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Co...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
High Point Sewalls Point January 2019 Market Report As of January 2019, there are 6 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   List prices range from $1,295,000 up to $3,400,000.  The average listing price is $2,023,333 which equals $412.67 per square foot of living area. There are no High Point homes currently under contract and awaiting close. In the past 12 months, 6 High Point homes have sold.  Sales prices ranged from $600,000 up to $1,600,000.  This works out to an average sales price of $1,001,417 which equals $323.29 per sq. ft. of living area.  Sales prices averaged 96% of list price and went under contract in an average of 139 days after being listed. About High Point in Sewalls Point FL: Located on the southern tip of Sewalls Point, Hi...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report December 2018 Sewalls Point Real Estate Snapshot, Residential Sales for December 2018   There are currently 69 active listings (Up by 1 home from last month) 9 home sales are pending and awaiting close or lender approval (Unchanged from November) 5 Homes sold in December (Increased by 3 homes sales from November) The single-family real estate market in Sewalls Point showed a nice little rebound in sales for December, though a little more activity would be welcome. The absorption rate dropped to 13.4 months, in November it was 34 months.  Still a buyers market for Sewalls Point but trending in the right direction.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparing the re...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report November 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for November 2018   There are currently 68 active listings (Up by 11 homes from last month) 9 home sales are pending and awaiting close or lender approval (Up by 3 homes from October) 2 Homes sold in November (Decreased by 5 homes sales from October) The single-family real estate market in Sewalls Point has continued to increase the number of homes for sale  (inventory).  And sales were down for the month, though pending sales improved. The absorption rate jumped to 34 months, in October it was 8.1 months.  An extreme buyers market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparing t...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report October 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for October 2018   There are currently 57 active listings (Up by 6 homes from last month) 6 home sales are pending and awaiting close or lender approval (Down by 2 homes from September) 7 Homes sold in October (Decreased by 1 home sales from September) The single-family real estate market in Sewalls Point has been showing increases in inventory.  Sales were off slightly from last month and pending sales were down as well. The absorption rate rose to 8.1 months, in September it was 6.4 months.  Back into a buyers market for Sewalls Point.  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 O...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report September 2018 Sewalls Point Real Estate Snapshot, Residential Sales for September 2018   There are currently 51 active listings (Down by 1 home from last month) 8 home sales are pending and awaiting close or lender approval (Down by 4 homes from August) 8 Homes sold in September (Increased by 5 homes sales from August) The single-family real estate market in Sewalls Point had a strong month for closed sales but did have a drop in the number of pending sales.  Pretty good rebound after a very slow August. The absorption rate plunged to 6.4 months, in August was 17.3 months.  Back into a balanced market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparin...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Plantation at Sewalls Point September 2018 Market ReportFor September 2018 there are two homes available for sale in the Plantation at Sewalls Point.  List prices are $1,495,000 and $1,650,000.  This is an average list price of $1,572,500 which equals $317.13 per sq. ft. of living area.There are no homes under contract at present in the Plantation at Sewalls Point.In the past 12 months, there has been only one sale in the Plantation at Sewalls Point.  This home sold for $1,500,000 or $312.43 per sq. ft. of living area.  This home was on the market for 399 days before going under contract.  It sold for 97% of list price.About 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 lot...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Castle Hill Real Estate Market Report September 2018There are 2 homes currently for sale in Castle Hill in Sewalls Point, FL.  These homes are listed with prices from $795,000 up to $3,200,000.  This is an average list price of $1,690,000 which works out to $351.90 per sq. ft. of living area.There are no homes currently under contract.In the past 12 months,  only 1 Castle Hill home has sold. The sales price was $600,000 or $204.36 per sq. ft. of living area.  This home was on the market for 211 days prior to going under contract.   It sold for 96% of list price.About Castle Hill in Sewalls Point FL:Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.This community sits in an unparalleled location only minutes from beaches and equidista...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report August 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for August 2018   There are currently 52 active listings (Up by 2 homes from last month) 12 home sales are pending and awaiting close or lender approval (Up by 6 homes from July) 3 Homes sold in August (Decreased by 6 homes sales from July) The single-family real estate market in Sewalls Point had a weak month for closed sales but did have an improved number of pending sales.  Hopefully, this will result in greater closed sales volume in the near future. The absorption rate shot up to 17.3 months, in July was 5.6 months.  Back into a strong buyer’s market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an a...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point FL TestimonialThese buyers were a long time in the making in Sewalls Point FL: My wife and I found Gabe to be very patient, thorough, well organized and extremely interested in pleasing us. We would highly recommend Gabe! He worked with us for many years until he located the perfect house for us, then arranged a house inspector, lawyer, storage facility and mover as we are Canadians and were not available for the closing. Gabe was!  John H.
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report July 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for July 2018   There are currently 50 active listings (Up by 4 homes from last month) 6 home sales are pending and awaiting close or lender approval (Down by 4 homes from June) 9 Homes sold in July (Increased by 3 homes sales from June) The single-family real estate market in Sewalls Point had increased closed sales for the month but not as many pending sales.  his could be an indication of fewer closed sales in the coming months. The absorption rate dipped to 5.6 months, in June was 7.7 months.  Transitioning into a seller’s market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. Comparing the ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Rio Vista in Sewalls Point July 2018 Market ReportAs of July 2018, there is 1 Rio Vista home for sale in Sewalls Point.  This home was listed for $399,900 or $229.30 per sq. ft. of living area.There is one home currently under contract. The list price was $429,000 or $235.71 per sq. ft. of living area.  This home was on the market for 114 days before going under contract.In the past 12 months, 8 Rio Vista homes have sold with sales prices ranging from $365,000 up to $1,450,000 for an average sales price of $770,250 which equals $269.55 per square foot of living area.  These homes averaged 139 days on market before going under contract and sold for 96% of list price.About Rio Vista in Sewalls Point:The Rio Vista subdivision of South Sewalls Point spans the mid-portion of the South Sewall...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Archipelago of Sewalls Point July 2018 Market Report For July 2018 there are 3 homes available for purchase in the Archipelago of Sewalls Point.  The list prices range from $795,000 up to $1,695,000 for an average list price of $1,161,667 or $353.28 per sq. ft. of living area. There are no homes are currently under contract. In the past 12 months, there also have been no sales in 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 ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report June 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for June 2018   There are currently 46 active listings (Down by 5 homes from last month) 10 home sales are pending and awaiting close or lender approval (Down by 2 homes from May) 67 Homes sold in June (Decreased by 1 homes sales from May) The single-family real estate market in Sewalls Point retreated for the second month in a row.  The inventory of active listings was down as was pending and closed sales. The absorption rate rose to 7.7 months, in May was 7.3 months.  Remaining in a buyer’s market for Sewalls Point.  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 2017, the inventory...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report May 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for May 2018   There are currently 51 active listings (Up by 1 homes from last month) 12 home sales are pending and awaiting close or lender approval (Unchanged from April) 7 Homes sold in June (Decreased by 3 homes sales from April) The single-family real estate market in Sewalls Point retreated a bit for May.  Sales were down while pending sales remained unchanged on just a little higher inventory. The absorption rate jumped up to 7.3 months, in April was 5 months.  Back into a buyer’s market in Sewalls Point.  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 2017, the inventory was 6...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report April 2018 Sewalls Point Real Estate Snapshot, Residential Sales for April 2018   There are currently 50 active listings (Up by 2 homes from last month) 12 home sales are pending and awaiting close or lender approval (Decreased by 4 homes from March) 10 Homes sold in June (Increased by 6 homes sales from March) The single-family real estate market in Sewalls Point had excellent sales activity for April.  Unfortunately, pending sales were off, so I’m not sure how long this good activity will last. The absorption rate plunged to 5 months, in March was 12 months.  Transitioning into a seller’s market in Sewalls Point for the first time in quite a while.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buy...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report March 2018 Sewalls Point Real Estate Snapshot, Residential Sales for March 2018   There are currently 48 active listings (Down by 2 homes from last month) 16 home sales are pending and awaiting close or lender approval (Increased by 5 homes from February) 4 Homes sold in June (Increased by 1 homes sales from February) The single-family real estate market in Sewalls Point showed increased activity when compared to last month but still has much room for improvement.  The inventory of available homes is now very low and affecting sales activity. The absorption rate fell to 12 months, in February was 16.7 months.  Remaining in a buyer’s market for Sewalls Point single-family homes.  A 6 to 7-month absorption rate is considered a balanced market wher...
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