Last month, we shared with you that real estate sales had been firm through the first 3 quarters of the year for Bear Trap Dunes and Ocean View. This momentum slowed in October as 23 properties in Ocean View went under contract, compared to 17 sales in October of 2024.

There were no new sales in Bear Trap in October, which is consistent with last year. The median sale price for properties in Bear Trap rose 11% while properties in Ocean View as a whole have dipped 4%.   If you are considering buying or selling, we are here to help you navigate the market. Please reach out to our Bear Trap expert, Gail Phelan.  

Wishing you a Thanksgiving filled with warmth, joy, and the people who make it truly special.   During this season of gratitude, we are

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 your community, this compares to 4 sales in September of last year.  

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

Please call our Bear Trap Expert: Gail Phelan (302) 233-4909

While real estate activity in Bear Trap was relatively flat early in the year, we experienced a notable increase in activity during May that carried through June and July. During the last 3 months, 7 properties went under contract in Bear Trap, compared to 4 during the same period last year.

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased by a significant 350% compared to the same time last year, creating more competition for sellers. Meanwhile, most properties continue to sell quickly, with 12 days as the median days-to-contract.

If we can offer you any real estate guidance as a buyer or a seller, please call our Bear Trap Expert.

Gail Phelan
302-233-4909

We are often asked if we are in a Buyer’s Market or a Seller’s Market in Bear Trap and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 7 months of inventory while more would be a Buyer’s market and less a Seller’s market. The single family market continues to stay in a Seller’s Market with no inventory for sale and 20 home sold in the last 12 months. Meanwhile inventory of condo/townhomes is growing (10 for sale and 7 sold in the last 12 months). We are now in a Buyer’s Market for that property type in

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

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