For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices.
This trend has continued and as of August 1, there were 2 properties for sale in Bear Trap versus 1 last year at this time and 12 in 2019. There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days!
As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how long these conditions will last. Please give our Bear Trap expert Gail Phelan a call if we can offer you any guidance: (302) 233-4909.