Celebrating 35 Years in Real Estate, August Sales Slower in Sea Colony

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 my 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, Gail Phelan, Chris Housman, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

After a flurry of activity in July, the beach real estate market slowed some in August when compared to the last year. During the month, 7 properties went under contract in Sea Colony. This compares to 9 during the same month last year. As the chart illustrates, sales year-to-date are up and the median sale price is up for both the East and West. Competition is greater for sellers as inventory has more than doubled 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 call our Sea Colony Experts:

Gail Phelan                        Chris Housman
(302) 233-4909              (302) 853-0192

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