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Found 33 entries about Ocean View & Bear Trap Dunes Real Estate Blog.

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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The kick-off to summer has arrived and we have enjoyed summer-like temperatures and many bright sunny days over the last few weeks! Through May, sales were slower for real estate as 18 properties went under contract in Bear Trap compared to 26 during the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time.  If you have any questions related to real estate, we are here for you. Please call Bear Trap Expert, Gail Phelan: (302) 233-4909.

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The kick-off to summer has arrived and we have enjoyed summer-like temperatures and many bright sunny days over the last few weeks! The month of May was slow for real estate as just 16 properties went under contract in Ocean View, compared to 49 at the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time. If you have any questions related to real estate, we are here for you. Please give us a call, (302) 541-5207.

 

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Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the Bear Trap real estate market remains firm as we continue to experience very limited inventory.


A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please call our Bear Trap Expert, Gail

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Happy Spring!  As we look back on the first 4 months of the year, the Ocean View real estate market has remained strong. 

A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please give us a call: (302) 541-5207.

 

 

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During the first quarter of the year, we continued to experience a strong market for sellers. As the chart illustrates, the number of properties sold in Bear Trap was down 45% when compared to the first quarter of last year while sales volume was down just 27%. Properties continued to sell very quickly with minimal competition as inventory was down 50% year-over-year and 95% compared to 2020!

 As always, if we can offer you any real estate guidance during this time, we are here to help! Please call Bear Trap Expert, Gail Phelan: 302-233-4909. We are here to help.

 

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During the first quarter of the year, we continued to experience a strong market for sellers. As the chart illustrates, the number of properties sold in Ocean View was down 14% when compared to the 1st quarter of last year while sales volume increased 5%. Properties continued to go under contract very quickly as inventory was down 12% year-over-year and 76% compared to 2020!

 As always, if we can offer you any real estate guidance during this time, we are here to help!  Please give us a call: 302-541-5207.

 

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