Celebrating 35 Years in Real Estate, August Sales Slower in Bear Trap

Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me personally as it marks 35 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, Gail Phelan, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

The real estate market for Bear Trap has remained firm when compared to last year. During the month of August, 4 properties went under contract in Bear Trap which is consistent with 4 during the same month last year. As the chart illustrates, sales year-to-date are down by just one property and the median sale price is up 14%. Competition remains limited as there are just 3 properties currently for sale. 

If you are considering a future purchase or sale, it is never too early to have a conversation. We are always here to help, please call our Bear Trap Dunes Expert

Gail Phelan (302) 233-4909

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