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Found 6 entries about Ocean View & Bear Trap Dunes Real Estate Blog.

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

 

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 in Bear Trap Dunes and 19% for Ocean View as a whole.  There are currently just 2 properties for sale in Bear Trap.  It is hard to predict how long this market will last, but we do know that Spring is upon us and NOW is an opportune time! Please call our Bear Trap Expert:  Gail Phelan 302-233-4909.      

 

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A Message from Dickens Parlour Theatre:

 

Dickens and Good Earth Market

 

 

 

 

 

 

 

Dear Friends,
In contemplating our tenth anniversary year in 2020, we anticipated that January would be dark. We had no reason to believe we would be shuttered for what amounted to most of the remainder of 2020, as well. When it became apparent that productions of any kind would be hopeless, Susan, Cheryl, Jay, and I sat down to discuss the best way to utilize our enforced respite.

Enter the Good Earth Market.
Located about a mile west of us on Route 26, the
Good Earth Market, which began operations at about the same time as we did, has, for the past decade, been not only one of my favorite food purveyors in the world (Sue Bloch casts a concurring vote on that), but

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Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January, 40 properties went under contract in Ocean View.  This is up 67% over 24 in January of 2020 and it would be much higher if there was more inventory available.  There are currently 24 properties for sale in Ocean View.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our recent communications, it should be no surprise that we are clearly in a seller’s market. To put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate. The chart

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Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January, 6 properties went under contract in Bear Trap.  This is up 100% over 3 in January of 2020 and it would be much higher if there was more inventory available.  There are currently zero listings for sale in Bear Trap Dunes!

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our recent communications, it should be no surprise that we are clearly in a seller’s market. To put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate. The chart

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Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 89%, year-over-year!  There are currently 2 properties for sale in Bear Trap Dunes  versus 19 at this time last year. We are extremely grateful for your continued loyalty and wish you and yours a happy, healthy, and prosperous 2021! 

 

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Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 79%, year-over-year!  There are currently 31 properties for sale in Ocean View versus 145 at this time last year. We are extremely grateful for your continued loyalty and wish you and yours a happy, healthy, and prosperous 2021! 

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