We are now into the month of March and are looking forward to the longer, light filled days ahead! Looking back on the first two months of 2022, real estate activity was extremely competitive with the continuation of deficient inventory and we experienced multiple offers in many situations. Real estate values are still on the rise. We have said this many times before: it is hard to predict how long this environment will last!
As the chart illustrates, total sales in Ocean View were up 6% when compared to the same time last year as inventory remains at record lows. Meanwhile, sales volume in dollars (based on list price) was up even more at 23% ! Properties continued to sell very quickly. The average sales price for properties settled in January and
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