Sea Colony West Values Surge in 2021, Inventory Shortages

Posted by Leslie Kopp & Christi Arndt on Thursday, January 6th, 2022 at 10:24am

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there is only 1 property for sale in Sea Colony West versus 1 at this time last year and 11 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in Sea Colony, representing the buyer, seller or both parties. Properties listed with our Sea Colony Specialists, Gail Phelan and Despina Kaneles, sold faster (7 days to contract versus 16) and our sellers realized a higher sale-to-list price when compared to the rest of the market. We are confident that we have the experience, expertise and marketing resources to achieve the best results for our clients. If you are considering a sale or looking to purchase, please give us a call.

We wish you a happy, healthy, and prosperous 2022!

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



Leave A Comment

Format example: