The Leslie Kopp Group's Beach Real Estate Blog

While January and February can be slower months for real estate sales on the Delaware coast, this year has proven otherwise. During the first two months of 2017, 59 properties went under contract in the Bethany-Fenwick area. This is the strongest start to the year that the market has experienced in more than a decade.   

New contracts on single family homes are up 36% from 25 in 2016 to 34 in 2017. New contracts on condo/townhomes improved 47% from 17 last year to 25 so far in 2017. While sales in South Bethany are down to-date with 5 new contracts compared to 6 last year, January and February activity in 2017 is stronger than each of the 8 years prior to 2016.

Bethany Beach Real Estate Market. January and February Real Estate Analysis in Bethany Beach and Fenwick Island

In addition to stunning weather, the stock market has reached record heights,

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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 Sea Colony, new contracts on both the East and West are up compared to the same time period last year (9 properties went under contract on the East versus 6 last year and 9 on the West versus 8 during the first 10 weeks of 2016).  


If you have been considering a sale or wish to make Sea Colony your home, the added enthusiasm that Spring brings to the beach makes it a great time to explore your options. We appreciate the opportunity to speak with you about how our expertise will help to get you the best

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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 family homes and condo/townhomes are up compared to the same time period last year. So far this year, 7 condo/townhomes have gone under contract versus 5 last year and 4 single family homes versus 3 during the first 10 weeks of 2016. 

If you have been considering buying or selling, we are heading into a very good time of the year to explore your options.  We appreciate the opportunity to speak with you about how our expertise will help to get you the best

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About the beach grass planting:

Volunteers are the backbone of Delaware's shoreline stabilization. Every spring since 1990, many dedicated volunteers have stabilized Delaware's sand dunes by planting more than 5 million stems of Cape American beachgrass along ocean and bay beaches.

Dune Grass Planting Bethany Beach

Sand dunes are more than beautiful! Sand dunes provide protection against damaging coastal storms by absorbing wave energy. Sand dunes offer protection by acting as major sand storage areas which replenish sand to eroded beaches during storm events. Without sand dunes, storm waves rush inland and flood properties.

Dunes are unstable - subject to the ravages of wind and water. Beachgrass helps build and stabilize dunes. Blades of grass help trap wind blown sand

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Denison Landscaping Company will be at Sea Colony on Thursday and Friday, March 2-3 to plant 28,000 dune grass plugs.  Owners who are interested may volunteer to help with the project, which is scheduled to start, weather permitting, at 9 a.m

Dune grass is a natural defense for coastal storms, winds and beach erosion.  The grass is hearty and helps absorb nature’s impact.  Carefully planted dune grass tolerates heat, strong sunlight and salt spray.  It cannot, however, survive being trampled upon by animals, humans and vehicles.  Please click here for more information, provided by the Delaware Natural Resources Department.

You need only show up at 9 a.m. at the Edgewater Crossover if you are interested in volunteering to help plant the grasses.  Please

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I usually expect to see an increase in real estate activity over President’s Day weekend and with temperatures in the 70’s, there was added encouragement for buyers to come to the beach this year. They certainly did !   My group alone is in negotiations on nearly a dozen transactions as the result of weekend activity.      

Year-to-date, new contracts on single family homes from Fenwick Island to North Bethany are up 35% from 20 in 2016 to 27 in 2017. New contracts on condo/townhomes are up 53% from 13 last year to 20 in 2017. 

In addition to stunning weather so far this year, the stock market has reached and exceeded record heights, interest rates continue to hover well below the historical average and a reduction in supply (especially in areas closest

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From: Tom Olson, Sea Colony General Manager

February 17, 2017

We’re having a busy winter at Sea Colony. I’m pleased to send you the first quarterly update for the year.  

Freeman Fitness Center:  Winter activities continue to be strong with membership and activity sales exceeding expectations and topping $150k in total sales YTD.  Outside, contractors are working steadily to complete improvements to the outdoor pool which is slated to reopen this summer. Putting the finishing touches on the building, an entrance canopy is scheduled to be placed at the front entrance and corrective work to the locker room shower drains is slated for March.   As work continues, we’re pleased to announce the annual “Ride for Hospice” will be held on Saturday,

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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 inventory is considered the point at which we anticipate the market turning from a buyer’s market to a seller’s market. In turn, with less than seven months of inventory, we expect some upward movement of prices.

As the chart below illustrates, the year-end absorption rate in Bear Trap Dunes for single family homes was 18 months. This is improved from a seller’s perspective over 22.5 months at the end of 2015. The condo/townhome supply of inventory at the

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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. You may recall from previous blogs that 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 inventory is considered the point at which we anticipate the market turning from a buyer’s market to a seller’s market. In turn, with less than seven months of inventory, we expect some upward movement of prices.

Absorption Rates at the Beach

Buyer activity at the beach has been strong and as the chart illustrates, all beach towns from Fenwick to North Bethany experienced a significant drop in absorption rates from 2015 to 2016.  Bethany Beach

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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 volume in dollars increased an impressive 18%.

We continue to be in a buyer's market for most property types and have seen little change in prices over the last five years. Given the recent rise in sales, we could see a shift from a buyer’s market towards a seller’s market sooner than later which would begin to put upward pressure on prices. The chart below summarizes home sales at the beach and shows that 2016 was the strongest year since

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