2024 Bear Trap Dunes Real Estate Market Recap

*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Bear Trap and Ocean View were comparable to 2023. Limited inventory kept values high, even as interest rates increased heading into the Summer season, and sales remained steady from January through October. Buyer activity slowed considerably in November and December, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the market in the year head!  If you are considering a purchase or sale of Bear Trap real estate, it is never too early to have a conversation or to begin preparations. We are here to help.  

In 2024, properties in Ocean View that were listed with our group went under contract faster, on average (32 days vs. 54) and our clients received a higher sale-to-list price ratio when compared to the rest of the resale market.

Thank you for your continued trust, we wish you happiness and good health in 2025!
Please don't hesitate to call our Bear Trap Expert, Gail Phelan (302) 233-4909