Celebrating 35 Years in Real Estate, August Sales Slower in Ocean View

Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me personally as it marks 35 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, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

The real estate market in Ocean View remained firm in August. During the month, 27 properties went under contract. This compares to 29 during the same month last year. As the chart illustrates, sales year-to-date are down 12% and the median sale price is up 2%. Competition is greater for sellers as inventory is up 9% year-over-year. 

If you are considering a future purchase or sale, it is never too early to have a conversation. We are always here to help, please give us a call (302) 541-5207.

*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the market.