So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high. Prices are rising sharply and multiple offers are the norm.
In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom. The median sale price of properties sold to-date in 2021 is up 32% over 2019 in Bear Trap Dunes and 19% for Ocean View as a whole. There are currently just 2 properties for sale in Bear Trap. It is hard to predict how long this market will last, but we do know that Spring is upon us and NOW is an opportune time! Please call our Bear Trap Expert: Gail Phelan 302-233-4909.