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Ocean View & Bear Trap Dunes Real Estate

Ocean View Sales Slow Mid-Year, Rebound in Fall

by Leslie Kopp

After a late Spring and Summer slow-down, the Ocean View Real Estate market experienced a nice rebound this fall. There was a significant 54% rise in sales during the months of September and October when compared to 2017. Buyers benefited from a nice jump in September inventory! As the chart illustrates, the market is trending […]

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Exceptional First Quarter: Ocean View & Bear Trap

by Leslie Kopp

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade on the Delaware Coast. Ocean View and Bear Trap Dunes are no exception. Total sales […]

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Buyers or Sellers Market at Bear Trap Dunes

by Leslie Kopp

For much of 2017, we communicated to you that sales activity was strong while inventory was shrinking in Bear Trap, so it was no surprise to see that our January absorption rates show a trend to a seller’s market. Absorption rates tell us how many months it will take to sell all existing homes for […]

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October Slowdown, Impressive Year-to-Date Trends

by Leslie Kopp

Year-to-date, 2017 has been exceptional for property owners! As the snapshot illustrates, the Ocean View real estate market is trending in a favorable direction when compared to the first 10 months of 2016. Prices are flat and all other major indicators show a strengthening market. We did experience some slowdown in sales at the beach […]

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Bear Trap Impressive in 2017

by Leslie Kopp

Year-to-date, 2017 has been exceptional for property owners in Bear Trap Dunes! As the snapshot illustrates, the Bear Trap market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators. While Bear Trap Sales were up (6 versus 4 in 2016) for October, we did […]

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Bear Trap: Strong Sales Activity

by Leslie Kopp

We are more than half way through the year and real estate sales continue to surge in Bear Trap Dunes. As the year-to date chart illustrates, new contracts on single family homes and condo/townhome are up 200% and 10% respectively when compared to January through July of last year. It is extremely positive to see […]

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Strong First Quarter Sales in Ocean View & Bear Trap Dunes

by Leslie Kopp

Spring is finally here and it’s wonderful to see so many owners returning to open their beach homes for the season! As I have been communicating over the last couple of months, real estate activity has been strong at the beach. Through the first quarter of the year, sales (the number of properties put under […]

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Bear Trap Sales Up

by Leslie Kopp

Through the first 10 weeks of the year, more than 60 properties in Bethany Beach went under contract. This is the strongest start to the year that the market has experienced in more than a decade. While sales are not quite as robust in the community of Bear Trap Dunes, new contracts on both single […]

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Bear Trap Dunes: Buyer’s or Seller’s Market ?

by Leslie Kopp

Absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales, if no new listings were added to the market. We like to look at year-end absorption rates as they are a good indicator of the future direction of prices. In general, seven months of […]

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Happy New Year! 2016 Market Summary

by Leslie Kopp

As we head into the New Year, we wish you a very happy, healthy and prosperous New Year! To summarize 2016, the beach real estate market rebounded nicely after some softening in 2015. There was a notable 14% increase in sales compared to the year prior, with 352 single family homes and condo/townhomes sold. Sales […]

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