Strong Market in Sea Colony Heading into Summer

Posted by Leslie Kopp & Christi Arndt on Wednesday, May 24th, 2023 at 12:00pm

Happy Spring! As we look back on the first 4 months of the year, there was certainly some slowing in sales in Sea Colony (specifically on the East) when compared to 2022. However, the good news is that there is currently a high level of activity ahead of the upcoming summer season.

As the chart illustrates, values are up on both the East and West when compared to the same time period last year. While inventory has risen slightly with 9 properties for sale, it is still far below pre-pandemic levels when it was common to have 60 to 70 properties available for sale in Sea Colony. During the month of April, we listed a number of homes that went under contract within just a few short days and the majority of these listing had multiple offers.   

As always, if we can offer you any real estate guidance, please give our Sea Colony Experts a call: Gail Phelan (302) 233-4909 and Chris Housman (302) 853-0192.

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

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