High Demand, Deficient Inventory & Rise in Ocean View Values

Posted by Leslie Kopp & Christi Arndt on Friday, March 11th, 2022 at 3:20pm

We are now into the month of March and are looking forward to the longer, light filled days ahead! Looking back on the first two months of 2022, real estate activity was extremely competitive with the continuation of deficient inventory and we experienced multiple offers in many situations. Real estate values are still on the rise. We have said this many times before: it is hard to predict how long this environment will last!

As the chart illustrates, total sales in Ocean View were up 6% when compared to the same time last year as inventory remains at record lows. Meanwhile, sales volume in dollars (based on list price) was up even more at 23% ! Properties continued to sell very quickly. The average sales price for properties settled in January and February was up 23% when compared to the same months in 2021.

Spring is upon us and right now is an opportune time to list your property or begin your search for a new home. Please give us a call to strategize about how to maximize your results in 2022 (302) 541-5207



Leave A Comment

Format example: yourwebsitename.com