Buyers will face a very tough housing market this spring.  According to a recent Realtor Magazine article, a myriad of factors will contribute to the challenges buyers will encounter such as, record low inventory, the expected rise in mortgage rates and escalating prices of both new and existing homes.

While buyers will inevitably face challenges in the short term, some buyers may experience reduced competition due to rising interest rates which may eliminate some purchasers from the market during this time. To view full article please click here.

Source: “Buyers To See Tough Spring” https://magazine.realtor/daily-news/2022/02/28/buyers-to-see-tough-spring

Located just a few miles west of Bethany Beach along Collins Creek in Ocean View, Delaware, the community of Bay Forest boasts a wide range of amenities featuring 2 club houses, a full-service fitness center, a yoga and aerobics studio, a multi-purpose recreation barn with indoor basketball and pickle ball courts and also houses large community gatherings.

Outdoor facilities include a large tennis pavilion with four lighted hard courts and multiple swimming pools featuring a lazy river, lap pools, a lounge pool and an outdoor lounge with an impressive bar and fire pit.  Additional outdoor amenities include volleyball, basketball, bocce and pickle ball courts, a putting green, as well as playgrounds and an additional fire pit for families to enjoy

Much progress has been made over the last few months towards bringing Comcast/Xfinity services to Bethany Beach. Comcast continues the work of installing the underground fiber-optic cable throughout Bethany Beach that will bring their full suite of services, including fiber-optic Wi-Fi, to the community. The work is estimated to be completed by late spring of 2022.

For more information and schedule of work, please click here.

The Leslie Kopp Group is proud to be the Presenting Sponsor of the 30th Annual Beach & Bay Cottage Tour again this year! Celebrating 30 years of the Beach & Bay Cottage Tour, this year’s event will be held virtually for all 10 homes on the tour, with an option to also see 5 of the 10 homes in-person. Virtual tours will be available from July 17 to August 6, 2022 and in-person tours will be offered on July 27 & July 28, 2022.

Tickets will be available for sale starting on May 1, 2022 and funds raised will benefit the Friends of the South Coastal Library.

For more information, please click here: Beach & Bay Cottage Tour

We are looking forward to the upcoming 5th Annual Fire & Ice Festival to be held this weekend on February 11-13, 2022 in Bethany Beach!

The event will offer many winter festivities, including ice sculpture tours, live sculpture demonstrations, bonfires, fireworks, ice slides, tastings and live music!

For more information, please visit: https://fireandicede.com/

Typically, the month of January brings some slow down in real estate activity when compared with warmer months of the year, but we continue to be in a market like never before at the beach. Through multiple snow storms and blizzard conditions, 26 properties went under contract in the Bethany-Fenwick area in January.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our communications over the last 18 months, it should be no surprise that we are clearly in a seller’s market. However, to put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate.  

The chart provided compares the supply of inventory at the beach on January 1 versus the same date in previous years. In

As we look back on 2021, shrinking inventory and strong demand created a competitive market like we have never experienced at the beach!

These conditions sent values surging in 2021 and real estate remains a solid investment. If you are considering a sale or looking to purchase, please give us a call.

*Data was derived from the Sussex County MLS. Includes properties sold in Fenwick Island, South Bethany, Bethany Beach & North Bethany. May not reflect all activity in the marketplace.

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there are currently no properties for sale in Bear Trap versus 2 at this time last year and 19 at the close of 2019!

Properties listed with our group in the Ocean View-Bethany area in 2021 sold faster and our sellers realized a higher sale-to-list price

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there are currently only 39 properties for sale in Ocean View versus 31 at this time last year and 145 at the close of 2019!

Properties listed with our group in the Ocean View-Bethany area in 2021 sold faster and our sellers realized a higher sale-to-list

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there is only 1 property for sale in Sea Colony West versus 1 at this time last year and 11 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in Sea Colony, representing the buyer, seller or both parties. Properties listed