Sea Colony East Market Surge in 2020, Sharp Decline in Inventory

Posted by Leslie Kopp & Christi Arndt on Friday, January 1st, 2021 at 10:16am

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 67%, year-over-year! There are currently 6 properties for sale in Sea Colony East versus 18 at this time last year.

We feel very fortunate to have participated in 33% of sales in Sea Colony East during 2020, representing the buyer, seller or both parties. We are extremely grateful for your continued loyalty and wish you and yours a happy, healthy, and prosperous 2021!

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