March has arrived and we are looking forward to longer light filled days ahead! Sea Colony has had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts doubled when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 117%.   Properties that are priced appropriately continue to sell very quickly and the median sale price of properties settled in January and February was up 4% when compared to the same months in 2023.

If you are considering buying or selling,

Dreaming of summer? Introducing 105 Georgetowne House in the highly sought after community of Sea Colony East. This beach front, 1st floor, 3 bedroom, 2 bath condominium offers fabulous ocean views up and down the coastline and a walk out balcony that is just steps to the sandy shores of the Atlantic. A coastal, contemporary interior design welcomes you with hardwood laminate flooring in living areas and bedrooms, beautifully upgraded open kitchen with white glass front cabinetry, beveled granite countertops, lovely surround backsplash, stainless Frigidaire appliances and deep undermounted sink. White dining farm table seats 8 for family and friends to dine on local coastal cuisine and then retreat to newly furnished and beachy appointed living area