While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the overall beach real estate market was strong. In fact, conditions are more favorable today than they have been in over a decade from North Bethany to Fenwick Island.
Total sales, prices and the pace of sales are all trending in a positive direction. For more than a year, we have been communicating to you that the combination of high buyer activity and shrinking inventory would lead to the rising prices that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and location when compared to 2017.
It’s never too early to begin strategizing! Please give us a call to discuss how to maximize the results when buying or selling property in the current conditions. 302-541-5207