As we look back at the first 3 quarters of 2023 compared to recent years, the Bethany Beach real estate market remained firm, even as interest rates rose to levels that we have not experienced in more than 20 years.

The continuation of inventory shortages coupled with pent up buyer demand has kept values stable. Last Fall, we experienced an uptick in inventory, but as the chart illustrates, that has not been the case so far this year. Inventory in Bethany Beach was down 55% on October 1 of 2023 when compared to the same day in 2022.

History tells us that real estate as a long term investment is very strong and the ability to have immediate use and enjoyment of a second home asset is something that we hear often from buyers, especially in today’s

Credit to: Chris Flood, Cape Gazette

A wind power station proposed just east of Ocean City, MD (that could come ashore at 3R’s Beach in Delaware Seashore State Park in South Bethany Beach, Delaware) took a step forward recently when the U.S. Bureau of Ocean Energy Management (BOEM) issued a draft environmental impact statement.

BOEM announced on Sept. 29 that the environmental impact statement regarding US Wind’s construction and operations plan had been published Friday, Oct. 6. This notice has opened a 45-day public comment period that will end at 11:59 p.m., Monday, Nov. 20.

The environmental impact statement was made available online to the public prior to it being published. The nearly 600-page document states that all potential impacts that

The Start of it all

In the year 1965 on an island close to Seattle, WA, three vacationing fathers were faced with the ultimate Holiday challenge: bored children. With not a whole lot to do, it was up to the fathers to keep the kids entertained.

So the three dads – Joel Pritchard, Bill Bell and Barney McCallum – decided it was time to get innovative. They used the items at their disposal, including an old badminton court, some ping pong paddles, and a perforated plastic ball, and invented a new game for the kids to enjoy. What started as an elementary attempt to keep their children happy, has grown into what we all now know as Pickleball. From that modest start, the game has gradually evolved into a sport with official rules and significantly better

Are you ready to sell your property in the beautiful coastal town of Bethany Beach?  Selling a property can be complex or even overwhelming, but with the right Realtor, knowledge and strategy you can make it a successful and rewarding experience. This read will provide top tips for selling your property in Bethany Beach.

Choose The Right Real Estate Agent

Selecting the right real estate agent to represent you will be one of your most crucial decisions.  It is imperative to work with an agent with extensive experience and comprehension of the Bethany Beach area as well as the real estate market, specifically experience in selling properties similar to yours.  They should provide an impressive listing history, positive client

For a number of months, we have been reporting that sales are down when compared to the same month last year and while August sales were down again in Bear Trap (4 vs. 7), this trend broke for Ocean View as well as the surrounding beach markets as a whole. During the month of August, 25 properties went under contract in Ocean View vs. 20 in 2022. Meanwhile, inventory remained stable. We don’t know how long this little flurry of activity will last, but it feels as though buyers are motivated to move on the right property.

As the chart illustrates, total sales year-to-date in Bear Trap Dunes are down 34% while the median salesprice is down 7%. Properties tend to sell in just under a month with 24 days being the median amount of time to go
under

For a number of months, we have been reporting that sales are down when compared to the same month last year. This trend broke in August!   During the month, 25 properties went under contract vs. 20 in August of 2022. Meanwhile, inventory has remained relatively stable with 77 properties for sale versus 73 at this same time last year. We don’t know how long this little flurry of activity will last, but it feels as though buyers are tired of waiting for better buying conditions and they are motivated to move on the right property.

As the chart illustrates, total sales year-to-date in Ocean View are down 12% while the median sales price is down 2%. Properties tend to sell in just under a month with 25 days being the median amount of time to go under

For most of the year, we have communicated that resales have slowed some in Bayside when compared to the same time period last year and this trend continued in August with 5 sales versus 7 during the same month in 2022.

As the chart illustrates, sales in Bayside are down 11% year-to-date while the continuation of limited inventory has kept the median sales price stable. Properties tend to sell in just under 3 weeks with 20 days being the median amount of time to go under contract. There is no question that sales would be much higher if there was more inventory and we would classify the market as firm.      

On a personal note, September is a special month for me. This month marks 34 years since starting a career in real estate at the beach. I am

For many months, we have been reporting that sales are down when compared to the same time period last year. This trend finally broke in August!   During the month, 10 properties went under contract in Sea Colony vs. 8 in August of 2022. Meanwhile, inventory is still deficient with only 8 properties for sale, the same as last year.

As the chart illustrates, total sales in Sea Colony market are down year-to-date for both the East and West while the median salesprice is up 5% and 8%, respectively. Properties tend to sell in just under 2 weeks with 12 days being the median amount of time to go under contract. We don’t know how long this flurry of activity will last, but it feels as though buyers are motivated to move on the right property.

On a

For well over a year, we have been reporting that monthly sales are down when compared to the same time period last year. This trend finally broke in August!   During the month, 28 properties went under contract vs. 24 in August of 2022. Meanwhile, inventory is still deficient with only 36 properties for sale versus 61 at this same time last year.

As the chart illustrates, total sales in the Bethany-Fenwick market are down 27% year-to-date while the median sales price is up 10%. Properties tend to sell in just under 2 weeks with 12 days being the median amount of time to go under contract.

On a personal note, September is a special month for me. This month marks 34 years since starting a career in real estate at the beach. I am extremely

Bethany Beach, Delaware, is a hidden gem nestled along the breathtaking Delaware coastline. With its pristine beaches, charming community, and an array of amenities and attractions, it's plain to see why properties in Bethany Beach are highly sought after. 

If you are considering investing in a Bethany Beach property, you'll be pleased to know that there are several activities in the area that can significantly boost property value. 

Recreational Activities Abound

Bethany Beach’s pristine beaches are the main attraction that draws people in. The soft sand, gentle waves, and warm sunshine create the perfect setting for relaxation and recreation. Owning a property just steps away from the beach is a dream come true for many, making it