Found 2 blog entries tagged as Bear Trap Dunes.

We have enjoyed seeing so many of you enjoying your summer at Bear Trap Dunes over the last few weeks! During the month of May, just 1 property went under contract in Bear Trap. This compares to 1 at the same time last year and 2 in May of 2022. While the continuation of low inventory in Bear Trap has kept values elevate, there is vulnerability in the market.

If you have any questions about the market in general or any specific property, please call our Bear Trap Expert:

Gail Phelan (302) 233-4909

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Bear Trap Market Update
Hello Spring! Last month, we shared that after many years of deficient inventory, we began to see properties coming on the market more frequently. While inventory in Bear Trap is stable, as we start the month of May, there are 83 properties for sale in Ocean View.

In the community of Bear Trap, the real estate market remains strong. As the chart illustrates, sales activity through April matched 2023 with 12 properties going under contract so far this year. Sales volume is up 8% and the median sale price is up 37% year-over-year. Properties are selling more quickly with 12 days as the median days-to-contract so far this year vs. 39 days last year.   

As always, if we can offer you any real estate guidance as a buyer, we are here to help. Please call…

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