My apologies for the lateness of this postcard.  I have been incredibly busy over the past six weeks. The combination of many new listings and working on 50% of the new single family contracts in March meant something had to give.

March numbers showed the same trends of the past six months – weaker single family contracts compared to a year earlier (8 vs 14) but stronger condo townhomes (19 vs 11).  Through April 18, however, both single family and condo/townhomes match last year’s numbers of 8 and 6.

There is a whole different tone to this market, for the better.  Previously, many of the potential buyers I met with came to test the market.  Some would buy but many held off.  Today what I see are buyers intent on buying and higher percentages are doing so.  Another important change is the inventory level.  Overall inventory is down compared to a year ago, especially in Bethany and Fenwick Island.  Between 1/15 and 4/15, new listings in our market were down 35% compared to a year ago.

More significantly, "value inventory" – attractive, well priced homes – is especially light.  In time, that supply and demand dynamic results in selective price increases

Written by Leslie Kopp April 18, 2011

The data covers Bethany Beach, South Bethany, Fenwick Island & North Bethany

Contact Information

To request more information about a listing, contact

Leslie Kopp
Cell: 302.542.3917
Email Leslie

Kiki Hargrove
Cell: 302.569.2959
Email Kiki

Wayne Lyons
Cell: 302.858.7347
Email Wayne

Despina Kaneles
Cell: 302.236.2428
Email Despina

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