Slower Start, Inventory Limited in Ocean View
Last month we reported that the exceptionally wet and cold winter weather was not ideal for prospective buyers to visit the beach. A look back at the first quarter shows us that total sales in Ocean View were off by more than 30% when compared to a very strong start in 2018. On a positive note, the sale-to-list price ratio increased and
properties that were sold went under contract at relatively the same pace as last year.
It is important to note that for quite some time, the number of properties actively for sale in Ocean View has been well below the 10 year average of 334 listings (single family home and condo/townhomes combined). There are currently
210 properties for sale – limited inventory continues to be a factor!
We are proud to share that we worked with more buyers in Ocean View during the first quarter than any other agent or group. If you are considering a sale, please give us a call to discuss how our exceptional marketing and experience will get you the best results.
Leslie Kopp & Christi Arndt