Bear Trap Dunes Homes For Sale
RECENT SALES IN BEAR TRAP DUNES
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Learn more about the location and amenities that make each community in Ocean View unique. View Ocean View DE Homes for sale in the communities below.Would you like to stay in the know about properties for sale in Bear Trap and market trends in our area? Subscribe to receive a monthly market update for Real Estate in Bear Trap by clicking here. You can also view real estate statistics in Bear Trapand the surrounding areas on our Blog: click here.
Bear Trap Real Estate Statistics
As we reflect on the 2022, real estate market in Bear Trap Dunes, the surge in real estate activity that we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the third and fourth quarters of the year. While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead! Real estate has been and will continue to be an attractive asset with proven appreciation over time, tax advantages and a source of cash flow. Importantly, real estate in a second home market and specifically the golf course community of Bear Trap is a tangible asset that offers immediate enjoyment. There remains to be high demand for Bear Trap as the location to the beach is extremely appealing.
During 2022, the highest sale price was a single family home in Bear Trap which settled for $1,125,000. The lowest priced property sold for $320,000. The median sale price was in 2022 was up 15% over 2021 at $485,000. With regard to inventory available for sale, at year's end, there were 6 properties for sale in Bear Trap. This is down 68% when compared to the end of 2019, prior to the COVID-19 pandemic. We believe this environment of limited inventory in Bear Trap and the surrounding Ocean View, DE and beach areas will keep prices stabilized in 2023. Please reach out to discuss your real estate goals as either a buyer or a seller of Bear Trap Dunes real estate, we are here to help! We are grateful to have had the opportunity to represent more buyers and sellers in Ocean View than any other agent or group during 2022.
Learn more about the Bear Trap and Ocean View Real Estate Market on our blog, by clicking here.