All Blog Entries by Leslie Kopp

Specializing in the Delaware beach market, September of 2014 marked 25 years in business for one of the most highly sought-after real estate professionals, Leslie Kopp.   Leslie’s expertise is sought by developers, attorneys, builders, investors, appraisers and mortgage lenders alike. 

 

Found 185 blog entries published by Leslie Kopp.

/Delaware Beach Property Values on the Rise

One year ago, we communicated to you that after nearly 5 years of price stability, we were beginning to see property values on the rise. As the graph illustrates, there is no question that prices continue to climb. The median sale price of single family homes and condo/townhomes sold through May of this year is up a significant 8% when compared to 2017. 

While values as a whole are still more than 20% lower than 2006 when prices peaked, the appreciation that the market has experienced over the last 12 months is significant! Please let us know if you are considering buying or selling at the beach.  We would love the opportunity to speak with you. 

Leslie  

 

*Data was derived from the Sussex County MLS. Includes new contracts on properties

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Courtesy of Sea Colony Recreational Association, Inc
From Tom Olson

What’s happening at Sea Colony?  We’re preparing for the unofficial start of summer – beginning with the Memorial Day weekend!  We’ve spent the past month readying the beach, opening our pools, preparing our tennis courts and putting the finishing touches on landscape projects throughout the community.  We’ve added kayak racks, installed heaters at Tennis Pools 1&2 and increased our “On-Demand” parking program by adding Georgetowne House and Harbour House spaces.

There’s More!!  We’re waiting for our new tram. Big, white and energy-efficient, this is Sea Colony’s first new tram in a decade. We’re also rolling out the first ever Sea Colony app for smart phones. You can download the

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Published by: Sea Colony Recreational Association, Inc.
May 7, 2018  |  Bethany Beach, Delaware

Sea Colony – known as “The Premier Family Beach & Tennis Resort Community” – remains among the world’s elite tennis destinations, according to Tennis Resorts Online (TRO)’s 2018 rankings released on May 1. 

TennisResortsOnline.com, published by former Tennis magazine editor Roger Cox, ranked Sea Colony as the world’s No. 21 tennis resort and a Top 20 tennis camp, as well as No. 5 for "Best Overall Children’s Programs."

TRO's annual rankings are determined by tennis players, who were asked to evaluate resorts and camps in 20 categories, including tennis programs, instruction, lodging, restaurants and value. This latest global recognition adds to the

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While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade on the Delaware Coast.  Ocean View and Bear Trap Dunes are no exception.

Ocean View Delaware Real Estate Statistics Q1 2018

Bear Trap Dunes Real Estate Statistics Q1 2018

Total sales and prices are trending in a positive direction for both Ocean View and Bear Trap.  For the last few months, we have communicated to you that the combination of high buyer activity and shrinking inventory would ultimately lead to the price increases that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and specific location when compared to 2017.   

It’s never too early to

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Sea Colony Real Estate First Quarter 2018 Bethany Beach                               April 8 2018 Real Estate Graph Sea Colony East

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade from North Bethany to Fenwick Island and Sea Colony is no exception. 

Total sales, prices and the pace of sales are all trending in a positive direction for property owners on the West. For the last few months, we have communicated to you that the combination of high buyer activity and shrinking inventory would ultimately lead to the price rebound that we are experiencing today. In fact, the median sale price is up 3% when compared to 2017.  While total sales and sales volume statistics for the

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Bethany Beach Real Estate Statistics First Quarter 2018

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the overall beach real estate market was strong. In fact, conditions are more favorable today than they have been in over a decade from North Bethany to Fenwick Island.

Total sales, prices and the pace of sales are all trending in a positive direction. For more than a year, we have been communicating to you that the combination of high buyer activity and shrinking inventory would lead to the rising prices that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and location when compared to 2017.      

It’s never too early to begin strategizing! Please give us a call to discuss how to

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 Bethany - Fenwick Island Real Estate

Real Estate Fenwick Island March 2018 Stats

One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive for the market as a whole. The number of properties that went under contract during the first two months from North Bethany to Fenwick Island was up 22% year-over-year !

Sales volume in dollars is up by less because the majority of the increase is attributed to condo/townhome activity (39 vs 24 new contracts). Single family home sales softened some due to the continuation of limited inventory (28 vs 34).

South Bethany sales are down slightly (4 vs 5) which is due to very low inventory while Fenwick Island sales (5 vs 6)

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Bethany Beach Real Estate

Real Estate Bethany Beach March 2018 Stats

One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive. The number of properties that went under contract during the first two months in Bethany was up 22% year-over-year !

Sales volume in dollars is up by less because the majority of the increase is attributed to condo/townhome activity (34 vs 20 new contracts). Single family home sales (16 vs 21) softened some due to the continuation of limited inventory.        

If you are contemplating a sale or if you have considered making a move up, we strongly encourage you to take advantage of the current market conditions.
Please give us a

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North Bethany Beach Real Estate

North Bethany Beach Real Estate Statistics March 2018

One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade at the beach. The start to 2018 has been even more impressive. The number of properties that went under contract during the first two months in North Bethany was up 33% year-over-year !

The majority of the increase in 2018 is attributed to single family home activity (7 vs 4 new contracts) while condo/townhomes sales were flat (1 vs 1). These numbers would be even more impressive, but inventory continues to be very limited in many areas of North Bethany.

If you are contemplating a sale or if you have considered making a move up in the market, we strongly encourage you to

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For much of 2017, we communicated to you that sales activity was strong while inventory was shrinking in Bear Trap, so it was no surprise to see that our January absorption rates show a trend to a seller’s market.

Bear Trap Dunes Absorption Rates 2017

Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally speaking, 7 months of inventory is a neutral market, more is a buyer’s market, less is a seller’s market. Absorption rates are as low as we have seen in many years for both single family homes and for condo/townhomes at Bear Trap.

If we can be of assistance buying or selling real estate in Bear Trap, please call our Bear Trap experts:

Gail Phelan (302) 233-4909   & Despina Kaneles (302) 236-2428.        

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