Sunset Bay currently leans toward sellers, with the market gauge indicating a slight seller’s advantage. Even so, inventory is relatively high, with about 12.9 months of supply in this rolling three-month view. Homes are also taking longer to sell, sitting a median of 205 days on the market.
Over the past year, prices have edged up, with the typical home value rising about 9 percent year over year, even as the median list price has dropped by nearly half. This combination suggests sellers have adjusted asking prices downward while closed sales still reflect higher-value properties. Active listings are up more than 60 percent compared with a year ago, expanding options for buyers even in a seller-tilted environment.
Sales activity has been modest, with just one home sold and two pending sales in the most recent rolling period, and none of those sales closed above list price. That contrasts with a year earlier, when all recorded sales in this period went for over asking, highlighting a clear shift in negotiating power. With longer timelines, more supply, and changing pricing dynamics, both buyers and sellers in Sunset Bay can benefit from a local expert who understands these trends, and Agent Pronto can connect them with the right agent to navigate this evolving market.
