By the way Holly, I don't see any properties selling at $500 a square foot â€“ more like $125 to $325 a sq. ft. But again, these are located within walking distance to the water!
Properties in Chickâ€™s Beach are typically selling between $300,000 - $700,000, and new construction is going under contract in as little as 30 days. In 2007, about 100 properties closed, or about 3 Â½ properties each day. This year, 3 properties have sold and 5 are pending. Several of those were priced around $370,000 and went under contract in just 6 days. A property for just over 1 million went under contract in 96 days.
Where else can you buy a brand new 2,400 square foot home that's literally 100 - 200 feet from the Chesapeake Bay/Atlantic Ocean for just $580,000?
Again, location, location, location!
Frank Biganski, Realtor ABR