Delaware Beach Real Estate Blog - seacolonymarketupdate

Sea Colony Real Estate Market Shifts in a Positive Direction

The summer season is well underway, and we’ve enjoyed seeing so many homeowners and vacationers return to the area over the past few weeks!

May was a good month for real estate sales, with 8 properties going under contract in Sea Colony—up from 5 in May of 2024. As the chart illustrates, year-to-date, both the number of properties under contract and total sales volume are down considerably. For well over a year now, we’ve been noting an upward trend in inventory, but we are starting to feel some stabilization. So far this year, properties are taking about two weeks longer to go under contract compared to the same time last year.

With the busy summer season now upon us, it is a great time to look at property for sale in Sea Colony as a buyer and…

349 Views, 0 Comments

Spring Market Softer for Sea Colony

Happy Spring! As we look back on the first 4 months of the year, there was some slowing of activity in Sea Colony (especially on the West) when compared to 2024. As the chart illustrates, the number of properties sold was down 23% on the East and 63% on the West when compared to 2024. Sales volume was down 36%. Properties took about 4 weeks longer to sell as the median days to contract was 23 through April, compared to 8 days last year.

The median sale price increased on the East and stayed relatively flat on the West when compared to the same time period last year. While inventory has risen some with 22 properties currently 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…

331 Views, 0 Comments

Sea Colony Active Inventory & Median Sale Price

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

During the first quarter of 2025, the Sea Colony real estate market was softer when compared to 2024. Total sales were down 52% (11 vs 23) during the first quarter. Inventory is growing and properties took nearly 2 months longer, on average, to go under contract when compared to the same time last year. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss the market…

628 Views, 0 Comments

Slower Start to 2025 for Sea Colony

March has arrived and after a winter with multiple snowstorms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Sea Colony had a slower start to the year for real estate activity. Through the first two months of 2025, properties took about a week longer to sell and new contracts were down 38% when compared to last year. Sales volume in dollars (based on list price) was down less, at 23% and the average sale price for properties settled in January and February was up 20% when compared to 2024.

As always, if we can help you with your real estate goals or needs, please reach out to our Sea Colony Experts:

Gail Phelan               Chris Housman
(302) 233-4909          (302) 853-0192

651 Views, 0 Comments