Sea Colony West Market Remains Firm Amid Slower Sales
After a slower start to the year, the over-all real estate market at the beach picked up nicely in the second quarter of 2019 and remained strong through the third quarter. While new contracts in Sea Colony West were down slightly in September (5 vs. 6), this follows a strong summer where sales were up 16% compared to last year.
As the chart illustrates, many year-to-date market statistics in Sea Colony West, through Q3, appear to be trending in a negative direction. This is not necessarily true. The market remains firm! Inventory is down a significant 56% is the largest contributing factor to the slow down as there are simply not enough properties available.
Leslie Kopp & Christi Arndt