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Found 2 blog entries tagged as bear trap dunes.

As we head into what is typically a strong selling season for beach property, this is a time we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, Bear Trap Dunes and Ocean View both have less than 3 months of inventory. We are clearly still in a strong seller’s market due to inventory shortages, but as the chart illustrates, the trend has changed direction when compared to the same time last year.

This shift is a good representation of what we are currently experiencing in

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The kick-off to summer has arrived and we have enjoyed summer-like temperatures and many bright sunny days over the last few weeks! Through May, sales were slower for real estate as 18 properties went under contract in Bear Trap compared to 26 during the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time.  If you have any questions related to real estate, we are here for you. Please call Bear Trap Expert, Gail Phelan: (302) 233-4909.

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