Happy New Year!  We hope you and your family had a safe and healthy holiday season.  As we look back on the 2023 beach real estate market, you might recall that the first few months were much slower when compared to 2021 and 2022. Inventory shortages continued to play a role in the slow down and interest rates rose to their highest level in more than 20 years. Sales picked up some in August and the positive momentum carried through the end of the year.  

In December, there was good news for the real estate market when the Federal Reserve held their key interest rate steady for the third time and suggested that there could be rate cuts in 2024. This news has us optimistic about the year ahead for Bethany Beach Real Estate.  If you have any

Update:

Goldman Sachs announced that the world economy has entered a period of "great disinflation" that will enable policyholders to start cutting costs for borrowers in the beginning of this year.  This news comes just after the US inflation rate slowed to 3.1% last month.  The Federal Reserve has stated we are likely to experience 5 rate cuts in 2024.  Jan Hatzius wrote "global inflation continues to plummet… we therefore now see earlier and more aggressive rate cuts from several major developed market central banks," in a research note seen by Business Insider.  What is still in question is the suitable time to begin amending the amount of policy restraint currently in place.

If you are exploring the possibility of purchasing Bethany Beach real

The Coastal Point recently announced that two dredging projects are set to begin around the new year. The first will begin at the Southern end of the Assawoman Canal, and the DNREC’s project on White Creek is expected to be completed by spring.

Credit to: Coastal Point

Coastal Point

DNREC officials announced this week that two dredging projects in southern Delaware are set to begin around the new year. Dredging is to start at the southern end of the Assawoman Canal, and when the canal portion is completed (anticipated for early February 2024), DNREC-contracted dredge crews will move into White Creek resuming a project that is expected to finish by late winter or early spring.

DNREC is aiming to improve navigability on what officials said are

Holiday Events in Bethany Beach

If you're interested in Bethany Beach Real Estate and are curious about which Winter/Holiday Festivities are available, look no further!  Whether you're looking to settle Downtown or in surrounding areas, there are plenty of exciting Holiday traditions and festivities along the Southern Delaware Coast.

Bethany Beach

Bethany Beach homeowners and businesses are just a few days away from discovering this year’s winner of the Bethany Beach Coastal Christmas Showdown!   The showdown is all about who has the most festive holiday decorations in Bethany Beach, and in this past month, homeowners and businesses have been working on their best display of Holiday lights and décor!  There is still time to take the trolley into

In the Town of Bethany Beach, there are occasional pipe failures due to the considerable sections of the sewer system that are several decades old.  Starting at the beginning of October, work was started to make much needed repairs for the Town's sewer system!

'The 18-inch sanitary trunk line running beneath Pennsylvania Avenue from Central Avenue to the southern Town limits is currently in a distressed condition. This trunk line exhibits a tension crack along the top inside surface. At multiple locations the cracks extend through the pipe and these cracks allow ground water to enter the pipe at a large flow rate, bringing with it the surrounding soil. This condition, if left unattended has the potential to cause a sinkhole in the roadway due to a

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

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 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

Exploring New Homes: Bethany Beach

As one of Delaware's most beloved beach towns, Bethany Beach has long been a favorite of vacationers seeking sun and sand. But beyond the boardwalk and the beach, there are many hidden gems just waiting to be discovered. Whether you're a first-time visitor or a longtime resident, here are some of the best off-the-beaten-path experiences in Bethany Beach.

The town's real estate market has been booming in recent years, with many new construction opportunities emerging across the area. From modern beachfront condos to spacious single-family homes, there's something for everyone when it comes to new homes in Bethany Beach.

Fenwick Island State Park

If you're looking for a more secluded beach, head to the