Summer Buyer Activity Slower in Bear Trap Dunes

After a firm start to the year that was fueled by more inventory in Bear Trap, we experienced some slowing in June and July. During those 2 months, 3 properties went under contract in Bear Trap Dunes (versus 4 during the same time last year).

As the chart illustrates, sales are relatively flat year-to-date while sales volume is up. Inventory remains a challenge as there were just 2 listings for sale in your community at the end of July, compared to 4 at the same time last year. Meanwhile, properties continue to sell quickly with 14 days as the median days-to-contract.

So far this year, our group has represented more clients in Ocean View (buyers and sellers combined) than any other agent or group. If we can offer you any real estate guidance, please call our Bear Trap Expert.

Gail Phelan
(302) 233-4909

Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Bear Trap Dunes. May not reflect all market activity.