Overview

As of May 2022, Seton continues to navigate the ongoing effects of the COVID-19 pandemic while demonstrating resilience in its real estate market. The community, known for its modern amenities and family-oriented environment, remains a desirable location for both homebuyers and investors.

Market Highlights

• Sales Activity:

  • In May 2022, Seton only recorded 13 home sales, reflecting a market lingering uncertainties related to the pandemic. This represents a slight decline compared to earlier months but indicates continued interest.

  • The average days on market for sold homes was approximately 16 days, suggesting a relatively competitive environment where properties are still moving quickly.

• Pricing Trends:

  • The average sale price for homes in Seton was around $424,762, marking a 5% increase year-over-year from May 2021. The pandemic's influence on buyer preferences has led to a strong demand for homes with more space.

  • 3 SOLD Detached homes averaged $702,933;

    2 SOLD Duplexes averaged $539,350;

    2 SOLD Townhouses $229,900 - $420,000; 32 days on the market

    6 SOLD Apartments maintained an average price of about $277,417; 22 days on the market.

Seton continues to thrive with a variety of amenities that enhance its appeal during the pandemic:

• Shopping and Dining: The Seton Urban District offers diverse retail and dining options, with many businesses adapting to offer takeout and online services, catering to changing consumer behaviors.

• Parks and Recreation: The abundance of parks and green spaces has become increasingly important, providing residents with outdoor areas for exercise and social distancing.

• Transportation: Seton's connectivity to major roadways and public transit remains a significant advantage, especially as remote work patterns evolve.

Conclusion

Despite the ongoing challenges posed by COVID-19, the real estate market in Seton showed resilience in May 2022, characterized by stable sales activity and continued price appreciation. The community's appealing amenities and lifestyle options continue to attract buyers looking for quality living spaces.

Recommendations

For potential buyers, it’s advisable to remain proactive and prepared, as demand may outpace supply in certain segments. Sellers should consider the current market conditions as an opportunity to list their properties, capitalizing on buyer interest.