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Found 39 entries about Ocean View & Bear Trap Dunes Real Estate Blog.

Happy New Year! As we reflect on 2022, you might recall that the surge in real estate activity we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the second half of the year. However, rising interest rates coupled with the continuation of extremely low inventory contributed to a slowdown in both sales and appreciation later in the year.  While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead.

In 2022, we were fortunate to have represented more buyers and sellers in Ocean View than any other agent or group.   If you are considering a purchase or sale, it is never

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Happy New Year! As we reflect on 2022, you might recall that the surge in real estate activity we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the second half of the year. However, rising interest rates coupled with the continuation of extremely low inventory contributed to a slowdown in both sales and appreciation later in the year. While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead!

We are grateful to have had the opportunity to represent more buyers and sellers in Ocean View than any other agent or group during 2022. Please call us if we can be of

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For the last few months, we have shared with you that the real estate market has been slowing, but as the graph illustrates, both single family homes and condo/townhome properties in Ocean View continued to appreciate in value during 2022.

If you are considering a sale, we welcome a conversation to strategize about how to ensure the very best results in this shifting market: (302) 541-5207.  

During this time of Thanksgiving, we are grateful for your continued confidence in our group. We all wish you and your loved ones a healthy and joyful holiday!

 

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

 

 

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For the last few months, we have shared with you that the real estate market has been slowing at the beach, but as the graph illustrates, Bear Trap property values continued to appreciate during 2022.

If you are considering a purchase or a sale, we welcome a conversation to strategize about how to ensure the best results in this shifting market! Please call Bear Trap Specialist Gail Phelan (302) 233-4909.

During this time of Thanksgiving, we are grateful for your continued confidence in our group. We all wish you and your loved ones a healthy and joyful holiday!

 

*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.

 

 

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We all hear economic and financial data from multiple sources. At the end of the day, we feel it is important to share both the sales data in the chart provided and also some perspective on what we are experiencing first-hand.

As we reflect on the last 6 months or so, we started to notice a difference in the temperature of the market in the March/April timeframe. None-the-less, through a rising interest rate environment and uncertainty in the financial markets, we continued to see, and we are still seeing properties sell very quickly. Seven of the last 10 properties that went under contract in Ocean View did so in under 2 weeks. These properties ranged in price from $245K to just under $1 million.

Given the state of the economy, we continue to

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We all hear economic and financial data from multiple sources. At the end of the day, we feel it is important to share both the sales data in the chart provided and also some perspective on what we are experiencing first-hand.

As we reflect on the last 6 months or so, we started to notice a difference in the temperature of the market in the March/April timeframe. None-the-less, through a rising interest rate environment and uncertainty in the financial markets, we continued to see, and we are still seeing properties sell very quickly. Seven of the last 10 properties that went under contract in Bear Trap did so in under 3 weeks.  

Given the state of the economy, we continue to be surprised that more people are not reaching out for valuations of

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Warm sunny days, cool nights and light traffic make this our favorite time of the year at and we hope that you are enjoying this season!  


We have been communicating for the last few months that the real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Ocean View are down 28% to-date while the continuation of limited inventory has kept the median sales price up 30%. Properties are still selling quickly, with 8 days being the median amount of time to go under contract. 

 On a personal note, September is always a special month for me as it marks 33 years since starting a career in real estate at the beach. I feel extremely fortunate to have earned the trust of so

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Warm sunny days, cool nights and light traffic make this our favorite time of the year and we hope that you are enjoying this season! 

We have been communicating for the last few months that the real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Bear Trap are down 9% to-date while the continuation of limited inventory has kept the median sales price up 22%. Properties are selling quickly, with 6 days being the median amount of time to go under contract.

On a personal note, September is always a special month for me as it marks 33 years since starting a career in real estate at the beach. I feel extremely fortunate to have earned the trust of so many of you over

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We hope you are having a wonderful summer, it is hard to believe we are well into August already!



While total sales are down year-to-date in Bear Trap, the real estate market remains firm. In fact, the median price for single family homes in Bear Trap is up 33% and 25% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 5 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please call our Bear Trap Expert: Gail Phelan: 302-233-4909.

 

*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Bear Trap Dunes. May not reflect all market activity .

 

 

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We hope you are having a wonderful summer, it is hard to believe we are well into August already!

While total sales are down year-to-date in Ocean View, the real estate market remains firm. In fact, the median price for single family home sales is up 7% and 21% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 8 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance during this time, please give us a call: 302-541-5207.

 

*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Ocean View. May not reflect all market activity.

 

 

 

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