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The Sand Section has proven to be HOT HOT HOT in 2021 with the largest year-over-year gain I’ve ever seen: 29%. Now, this doesn’t really mean that all homes appreciated 29% over that year, and it also reflects an increase of higher-priced sales that have pushed the number up.
One thing for sure, though, is that the Sand Section has continued to grow in popularity for both full-time home ownership and the growing second-home market. There are very few beach communities in the country that offer perfect weather, a great hometown feel, and quick access to a world-class metropolitan area, as well as an international airport. I expect this trend to continue in the new year until we see an increase of inventory or increase in mortgage interest rates.
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*Based on Chauner, Bailey. “How to Win a Real Estate Bidding War.” Redfin, 22 Nov. 2019 | Ed Kaminsky DRE #00958114 | eXp Realty of California, Inc. Department of Real Estate #01878277. The information contained in this document, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, public records, the Multiple Listing Service or other sources. Broker has not and will not investigate or verify the accuracy of this information. When you use HomeLight Home Loans for your new purchase, the HomeLight Trade-In fee is 1.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. If you do not use HomeLight Home Loans on your new purchase, the HomeLight Trade-In fee is 3.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. The HomeLight Trade-In fee is calculated off of the final selling price of your current home. HomeLight, Inc. CA DRE #01900940 | EAVE, Inc. DBA HomeLight Home Loans NMLS #1529229