Summer Buyer Activity Remains Strong in Sea Colony

Real estate activity in Sea Colony has remained strong when compared to last year.   After a firm Spring market that was fueled by increased inventory and more buying options, we experienced a nice flurry of activity in June and July. During those 2 months, 15 properties went under contract in Sea
Colony (versus 10 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 156% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 12 days as the median days-to-contract.

So far this year, our Sea Colony Specialists have participated in nearly 30% of property sales in Sea Colony. If we can offer you real estate guidance, please don't hesitate to call.

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

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