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

*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 reported that the Ocean View real estate market slowed some in August. We are pleased to share that buyer activity picked up nicely in September ! During the month, 52 properties went under contract. This is up 79% when compared to 29 sales during the same month last year.

A nice rise in newly available inventory, was a leading factor that contributed to this flurry of activity. As the chart illustrates, through the first 3 quarters of the year, the market has remained firm. If you are exploring your options as a buyer or seller, we always welcome a conversation.

Please give us a call (302) 541-5207

This month, we will be hosting the Wags, Witches and Warlocks Halloween parade in downtown Bethany Beach. We hope to see you and

Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me personally as it marks 35 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

The real estate market in Ocean View remained firm in August. During the month, 27 properties went under contract. This compares to 29 during the same month last year. As the chart illustrates, sales year-to-date are down 12% and the median sale price is up 2%. Competition

Real estate activity in Ocean View has remained slower when compared to last year. After a firm Spring market that was fueled by increased inventory and more buying options, we experienced some slowing in June and July. During those 2 months, 43 properties went under contract in Ocean View
(versus 55 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are down year-to-date. Inventory has increased 15% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties are taking a little more time to go under contract.

So far this year, our group has represented more clients in Ocean View (buyers and sellers combined) than any other agent or group. As

This is the time of year when we like to calculate absorption rates in order to understand 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 7 months of inventory while more would be a buyer’s market and less a seller’s market. While inventory is growing Ocean View continues to be well under a balanced market, staying in a seller’s Market due to good buyer activity.

If you would like to discuss the market in more detail as a buyer or a seller, please give us a call.

(302) 541-5207

The summer season is upon us, and we have enjoyed seeing so many of you enjoying the area over the last few weeks! During the month of May, 35 properties went under contract in the town of Ocean View.  This compares to 30 properties at the same time last year, and 17 properties in May of 2022. Overall, values are stable in Ocean View to-date when compared to last year.  Inventory is up just slightly with 87 properties currently listed for sale versus 77 at this time last year.

If you have any questions about the market in general or any specific property, please give us a call:

(302) 541-5207

 
Details courtesy of The Town of Ocean View

Congratulations are in order for the Historic Town of Ocean View, as it will soon celebrate it's 135th Anniversary.  The celebration is scheduled for Saturday, June 15th from 12:30pm until 5:30pm at John West Park in Ocean View.  To kick things off, the Town of Ocean View has scheduled a parade down West Avenue which will begin at 12:30pm.  Additional fun includes an Ocean View Brewing Company Beer Garden with commemorative 4-packs and draft sales, live music entertainment, food sales, sweet treats, and so much more!  

 Head down to the heart of Ocean View to enjoy a day filled with activities for all ages, ranging from tours through the Historic Village in Ocean View, as well as visits from the Ocean

Happy Spring! Last month, we shared with you that after many years of deficient inventory, we were starting to see properties coming on the market more frequently. As we start the month of May, this trend continues as inventory in Ocean View is up 20% when compared to the same time last year.

As the chart illustrates, sales activity is down 6% so far this year when compared to the first 4 months of last year. Sales volume is down 8%. Properties are selling more quickly with 21 days as the median days-to-contract so far this year vs. 29 days last year. Meanwhile, there is some softening of prices as the median sale price to-date is down 9%.     

While the market has been slower in Ocean View, the busy Summer season is just around the corner! If