Summer Buyer Activity Strong in Bear Trap Dunes

While real estate activity in Bear Trap was relatively flat early in the year, we experienced a notable increase in activity during May that carried through June and July. During the last 3 months, 7 properties went under contract in Bear Trap, compared to 4 during the same period last year.

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased by a significant 350% compared to the same time last year, creating more competition for sellers. Meanwhile, most properties continue to sell quickly, with 12 days as the median days-to-contract.

If we can offer you any real estate guidance as a buyer or a seller, please call our Bear Trap Expert.

Gail Phelan
302-233-4909