Sea Colony West Slower Start in 2019
After a year of exceptional real estate sales for Sea Colony West in 2018, the first two months of 2019 have slowed considerably. Much of the available inventory was sold last year resulting in less options for buyers and a slower pace.
As the chart illustrates, most key market statistics are down compared to the first two months of last year while average prices are holding steady. It’s a little early to tell, but the late Easter holiday coupled with the cold and wet winter weather this year might be factors contributing to the slower activity. We could be positioned for a nice market correction in the coming months, and we will monitor that closely.
On a more positive note, the overall Bethany Beach real estate market remains strong, and our group has noticed a distinct increase in activity over the last few weeks. With the summer season nearing and limited inventory in many phases, it is an opportune time to buy or sell. If you are considering a future sale or looking to purchase, please call our Sea Colony experts Gail Phelan 302-233-4909 and Despina Kaneles 302-236-2428 to
strategize about how to maximize your results in these current market conditions.
Leslie Kopp & Christi Arndt