Bayside Real Estate Market Remains Firm

Posted by Leslie Kopp & Christi Arndt on Monday, September 11th, 2023 at 10:22am

For most of the year, we have communicated that resales have slowed some in Bayside when compared to the same time period last year and this trend continued in August with 5 sales versus 7 during the same month in 2022.

Bayside Real Estate Market Update
As the chart illustrates, sales in Bayside are down 11% year-to-date while the continuation of limited inventory has kept the median sales price stable. Properties tend to sell in just under 3 weeks with 20 days being the median amount of time to go under contract. There is no question that sales would be much higher if there was more inventory and we would classify the market as firm.      

On a personal note, September is a special month for me. This month marks 34 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, Kiki Hargrove, Wayne Lyons, and the group, we look forward to continuing to offer you a high level of guidance and expertise in real estate well into the future!

As always, please call our Bayside Experts, Kiki Hargrove (302) 569-2959 or Wayne Lyons (302) 858-7347 if you are considering a sale or need guidance in this market.

*Data was derived from the Sussex County MLS. Includes resale properties sold in Bayside. Does not include new construction. May not reflect all activity in the market.

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