Trends in Seacrest Beach

Although evaluating the real estate market is never easy, there appears to be some good news for Seacrest homeowners and those who want to buy in the area. It is no secret that home prices in Seacrest have been on the decline for several years. Today, however, prices seem to be stabilizing. From 2007 through 2010, the average price of a home in Seacrest decreased nearly thirty percent. Yet from 2010 to 2011, the price per square foot of Seacrest homes fell only four dollars, or less than two percent.

This is a negligible decrease and a key indicator that the Seacrest housing market once more includes a good balance of buyers and sellers. It is hard to imagine better news for current Seacrest residents and for those who are looking to move into Seacrest in order to enjoy the community's unique lifestyle.

Prices have now come down to the point where we are seeing more interest in Seacrest homes. The large sales volume in recent years demonstrates a strong and growing demand for homes in the community. There have been two solid years of home sales in Seacrest, with twenty-four homes sold in 2010 and twenty-one homes sold in 2011. This is likely to continue as the average price per square foot for homes in Seacrest levels off. Following a sharp rise in the number of sellers versus the number of buyers since 2008, there is now greater interest from buyers in Seacrest homes. Overall, this market trend is clearly encouraging for present and future Seacrest residents.