We are three quarters of the way through the year and a look at settlements to-date in Sea Colony shows mixed results. While sales on the East are outpacing last year and single family home sales on the West are up, condo/townhome sales on the West are down 12%.
As the chart illustrates, through the end of September, 22 properties on the East settled, up from 21 during the same time last year. Meanwhile, the condo/townhome market on the West faired differently with 38 settlements to-date, down from 43 during the first 3 quarters of last year.
*This data is derived from the Sussex County MLS and may not reflect all activity in the marketplace.
It is important to note that while sales were slow early in the year, they have rebounded nicely…