Bear Trap Dunes Market Update 11/4

Last month, we shared with you that real estate sales had been strong through the first 3 quarters of the year for Bear Trap Dunes and Ocean View. This momentum slowed in October as 25 properties in Ocean View went under contract last month. This is down 17% compared to 30 sales in October of 2023 and there were no new sales in Bear Trap in October versus one last year. As the graph illustrates, the median sale price for properties in Bear Trap and Ocean View as a whole have risen in 2024.  During this time of Thanksgiving, we are grateful that so many of you look to our group for real estate guidance and expertise.   We wish you all a healthy and very joyful holiday!

If you are considering a purchase or a sale, it is never too early to have a conversation. Please reach out to our Bear Trap expert:

Gail Phelan
(302) 233-4909

*Data was derived from the Sussex County MLS. Includes properties sold in Bear Trap Dunes and Ocean View, DE. May not reflect all activity in the marketplace.