Ocean View & Bear Trap Dunes Real Estate

The Leslie Kopp Group has Bear Trap Dunes experts Despina Kaneles & Gail Phelan who have more than 40 years of combined experience in Real Estate.  Despina and Gail work closely with Leslie to monitor and report important news about trends in Bear Trap Real Estate.

Found 26 blog entries about Ocean View & Bear Trap Dunes Real Estate.

After a late Spring and Summer slow-down, the Ocean View Real Estate market experienced a nice rebound this fall.  There was a significant 54% rise in sales during the months of September and October when compared to 2017. Buyers benefited from a nice jump in September inventory!

As the chart illustrates, the market is trending in a positive direction when compared to last year. Additionally, properties are going under contract more quickly (109 average days to contract vs. 134 last year).

Ocean View Delaware Real Estate 2018 Fall Market Update

 

New construction single family home sales are fueling Ocean View's increase. Existing single family and townhome sales match 2017 while new construction homes have more than doubled (80 through October versus 56 during this same time last year).  These

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While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade on the Delaware Coast.  Ocean View and Bear Trap Dunes are no exception.

Ocean View Delaware Real Estate Statistics Q1 2018

Bear Trap Dunes Real Estate Statistics Q1 2018

Total sales and prices are trending in a positive direction for both Ocean View and Bear Trap.  For the last few months, we have communicated to you that the combination of high buyer activity and shrinking inventory would ultimately lead to the price increases that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and specific location when compared to 2017.   

It’s never too early to

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For much of 2017, we communicated to you that sales activity was strong while inventory was shrinking in Bear Trap, so it was no surprise to see that our January absorption rates show a trend to a seller’s market.

Bear Trap Dunes Absorption Rates 2017

Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally speaking, 7 months of inventory is a neutral market, more is a buyer’s market, less is a seller’s market. Absorption rates are as low as we have seen in many years for both single family homes and for condo/townhomes at Bear Trap.

If we can be of assistance buying or selling real estate in Bear Trap, please call our Bear Trap experts:

Gail Phelan (302) 233-4909   & Despina Kaneles (302) 236-2428.        

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Year-to-date, 2017 has been exceptional for property owners in Bear Trap Dunes! As the snapshot illustrates, the Bear Trap market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators.

Bear Trap Dunes Real Estate Statistics November 2017

While Bear Trap Sales were up (6 versus 4 in 2016) for October, we did experience some slowing in the greater Bethany-Ocean View area in late September that continued into October. Limited inventory is a big factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.      

We are grateful to you always and together with our Bear Trap Specialists,

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Year-to-date, 2017 has been exceptional for property owners! As the snapshot illustrates, the Ocean View real estate market is trending in a favorable direction when compared to the first 10 months of 2016. Prices are flat and all other major indicators show a strengthening market.

Ocean View Delaware Real Estate Sales through October 2017

We did experience some slowdown in sales at the beach in late September that continued into October for both single family and condo/townhomes. Limited inventory is a big contributing factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.


We are grateful to you always and would like to wish you and your

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We are more than half way through the year and real estate sales continue to surge in Bear Trap Dunes. As the year-to date chart illustrates, new contracts on single family homes and condo/townhome are up 200% and 10% respectively when compared to January through July of last year.

Bear Trap Dunes Real Estate 2017
It is extremely positive to see upward movement in median prices for both property types. Additionally, properties are selling nearly 2 months quicker than in years past.

It is never too early to begin strategizing about a future purchase or the future sale of your home. Please call our Bear Trap Specialists to discuss the market
conditions as they relate to your individual property:   Gail Phelan 302-233-4909   |   Despina Kaneles 302-236-2428

Our group is pleased to

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Spring is finally here and it’s wonderful to see so many owners returning to open their beach homes for the season! As I have been communicating over the last couple of months, real estate activity has been strong at the beach. Through the first quarter of the year, sales (the number of properties put under contract) in Ocean View have more than doubled compared to the same time period last year.

Ocean View Real Estate Sales First Quarter 2017 from Leslie Kopp

If you are considering buying or selling in Ocean View, browse properties currently for sale: http://www.bestofbethany.com/ocean-view-real-estate.php

 

Activity has also been positive in Bear Trap when compared to 2016. As the chart illustrates, year-to-date, single family home sales are up 150% with 5 properties put under contract compared to 2

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Through the first 10 weeks of the year, more than 60 properties in Bethany Beach went under contract. This is the strongest start to the year that the market has experienced in more than a decade. While sales are not quite as robust in the community of Bear Trap Dunes, new contracts on both single family homes and condo/townhomes are up compared to the same time period last year. So far this year, 7 condo/townhomes have gone under contract versus 5 last year and 4 single family homes versus 3 during the first 10 weeks of 2016. 

If you have been considering buying or selling, we are heading into a very good time of the year to explore your options.  We appreciate the opportunity to speak with you about how our expertise will help to get you the best

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Absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales, if no new listings were added to the market. We like to look at year-end absorption rates as they are a good indicator of the future direction of prices.

In general, seven months of inventory is considered the point at which we anticipate the market turning from a buyer’s market to a seller’s market. In turn, with less than seven months of inventory, we expect some upward movement of prices.

As the chart below illustrates, the year-end absorption rate in Bear Trap Dunes for single family homes was 18 months. This is improved from a seller’s perspective over 22.5 months at the end of 2015. The condo/townhome supply of inventory at the

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As we head into the New Year, we wish you a very happy, healthy and prosperous New Year!

To summarize 2016, the beach real estate market rebounded nicely after some softening in 2015. There was a notable 14% increase in sales compared to the year prior, with 352 single family homes and condo/townhomes sold. Sales volume in dollars increased an impressive 18%.

We continue to be in a buyer's market for most property types and have seen little change in prices over the last five years. Given the recent rise in sales, we could see a shift from a buyer’s market towards a seller’s market sooner than later which would begin to put upward pressure on prices. The chart below summarizes home sales at the beach and shows that 2016 was the strongest year since

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