The summer and golf seasons are well underway, and we’ve enjoyed seeing so many of you return to the beaches, bays, golf courses and restaurants that make our area such a special place to call home! After a strong April for real estate sales in Ocean View, there was some slowdown in May. During the month, 25 properties went under contract —compared to 34 in May of 2024.

In your community of Bear Trap Dunes, 2 properties went under contract in May—compared to 1 last year. As the chart illustrates, year-to-date, both the number of properties under contract and total sales volume are up considerably. For well over a year now, we’ve been noting an upward trend in inventory, and that surely continues in Bear Trap. So far this year, properties that do go

The summer season is well underway, and we’ve enjoyed seeing many of you return to the beaches, bays, golf courses and restaurants that make our area such a special place to call home! After a strong April for real estate sales in Ocean View, there was some slowdown in May. During the month, 25 properties went under contract —compared to 34 in May of 2024.

As the chart illustrates, year-to-date, the number of properties that have gone under contract is relatively flat while sales volume is down 24%. For well over a year now, we’ve been noting an upward trend in inventory, and that continues. So far this year, properties are going under contract a few days faster when compared to the same time last year.

With the busy summer season now upon us,

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in Ocean View real estate as well as Bear Trap Dunes when compared to 2024.

As the chart illustrates, the number of properties sold in Bear Trap through April was down 17% and sales volume was down 2%. The median sale price is up 5% when compared to the same time period last year, and some additional good news is that most properties that sold went under contract in 1 week.   Inventory has risen 267% in Bear Trap with 11 properties for sale. In the greater Ocean View market, inventory is up 40% with 116 properties for sale as of May 1. It is important to note that we are still far below pre-pandemic levels when it was common to have more than 200 properties

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in Ocean View real estate when compared to 2024. With 116 properties currently for sale, inventory has grown by 40% in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have more than 200 properties available for sale in Ocean View.

As the chart illustrates, the number of properties sold was down 17% and sales volume was down 19%.  The median sale price is up 5% when compared to the same time period last year, and some additional good news is that properties that did sell went under contract about 1 week faster than last year.

If we can offer you any real estate guidance as a buyer or seller in Ocean

*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. Sales were down less significantly in your community of Bear Trap Dunes (8 vs 9) and properties took 25 days, on average, to go under contract. The graph illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter for Ocean View as a whole. We feel the market shifting, but real estate remains a solid long

*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