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

During the first quarter of 2025, the Ocean View real estate market was softer when compared to 2024. Total sales were down 33% (53 vs 79) during the first quarter. Inventory is growing and properties took 2 months, on average, to go under contract. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss the market in detail.

Please give us a call if you would

March has arrived and after a winter with multiple snow storms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Ocean View had a strong start to the year for real estate activity. Through the first two months of 2025, 56 properties went under contract, which is up 12% compared to last year and sales volume in dollars (based on list price) was up 11%. Properties sold more quickly and the average sale price was up 13%. There has been a notable increase in available inventory, which is something we will continue to monitor.

As always, if we can help you with your real estate goals or needs, please reach out: (302) 541-5207

March has arrived and after a winter with multiple snow storms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Bear Trap had a strong start to the year for real estate activity. Through the first two months of 2025, 7 properties went under contract in this community compared to 4 last year and sales volume in dollars (based on list price) doubled. Properties sold much more quickly and the
average sale price was up. There has been a notable increase in available inventory, specifically condo/townhome property types in Bear Trap.

As always, if we can help you with your real estate goals or needs, please reach out our Bear Trap Expert:

Gail Phelan (302) 233-4909

As we head into what is typically an active selling season, this is a time we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. While we are trending towards a Buyer’s Market, at this time, Bear Trap Dunes has 4 months of inventory and it remains a Seller’s Market.

Even with a serious winter storm that left us under snow for many weeks, we experienced good activity during the first month of the year. In January, 6 properties went under contract in Bear Trap. This compares to 4 sales in

As we head into what is typically an active selling season, this is a time we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. While we are trending towards a Buyer’s Market, at this time, Ocean View has 4 months of inventory and it remains a Seller’s Market.

Even with a serious winter storm that left us under snow for many weeks, we experienced good activity during the first month of the year. In January, 25 properties went under contract in Ocean View. This compares to 27 sales in

*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

*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 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 September. Buyer activity slowed considerably in the Fall, as anticipated, with the election and Holiday Season. 

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

Last month, we shared with you that real estate sales had been strong through the first 3 quarters of the year for Ocean View. After a tremendous September, the 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. As the graph illustrates, the median sale price for condo/townhome properties in Ocean View have risen in 2024 while single family values have held firm.  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 give us a call:

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

Last month, we reported that the Bear Trap real estate market was firm with 4 sales in August. We are pleased to share that buyer activity picked up nicely in September! During the month, 5 properties sold in Bear Trap and 52 properties went under contract in Ocean View as a whole. This is up 79% in Ocean View when compared to 29 sales during the same month last year and up 25% year-over-year for Bear Trap.

As the chart illustrates, through the first 3 quarters of the year, the market has remained firm. While it is taking just a few days longer for properties to sell, the median sale prices are holding firm for all property types.   If you are exploring your options as a buyer or seller, we always welcome a conversation.

Please call our Bear