While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade on the Delaware Coast. Ocean View and Bear Trap Dunes are no exception.
Total sales and prices are trending in a positive direction for both Ocean View and Bear Trap. For the last few months, we have communicated to you that the combination of high buyer activity and shrinking inventory would ultimately lead to the price increases that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and specific location when compared to 2017.
It’s never too early to