Spring Market Strong for Bear Trap, Inventory Rising in Ocean View

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. While inventory in Bear Trap is stable, as we start the month of May, there are 83 properties for sale in Ocean View. This is up 20% when compared to the same time last year.

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 or seller, we are here to assist you.
Please reach out to our Bear Trap Real Estate Expert.

Gail Phelan
(302) 233-4909

*Data was derived from the Sussex County MLS. Includes properties in Bear Trap Dunes. May not reflect all activity in the marketplace.