March has arrived and we are looking forward to longer light filled days ahead! Bayside had a firm start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are close to keeping pace with last year.

As the chart illustrates, through the first two months, 10 properties went under contract in Bayside compared to 11 during the same time last year. Properties that are priced appropriately continue to sell quickly although the pace is slowing. The median sale price of properties settled in January and February was up 3% when compared to the same months in 2023.

If you are considering buying or selling, please give our Bayside Experts a call to discuss ways that we can work together to

March has arrived and we are looking forward to longer light filled days ahead! The Bethany-Fenwick area had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts were up 34% when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 30%.   Properties that are priced appropriately continue to sell very quickly and the average sale price for properties settled in January and February was down 5% when compared to the same months in 2023. This is due to the fact

The Freeman Arts Pavilion (formerly known as The Freeman Stage) has announced its' first summer concert scheduled for June 26th!  Globally recognized musician Michael Franti & Spearhead with special guests Trevor Hall & Bombargo will be the first musical performance to kick off a wonderful summer of concerts located in the community of Bayside Resort.  With their 2022 performance being such a hit amongst concert-goers, Franti & Spearhead's Togetherness Tour of 2024 will stop in West Fenwick once again to bring sunshine to the stage.

For all upcoming events and performances at The Freeman Arts Pavilion, click here!

We are just one month into the year and so far, we are experiencing some slowing of buyer activity in Bayside. In January, 4 properties went under contract in your community compared to 6 sales during the same month last year.

During this time of the year, we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to calculate how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory.  

We remain in a Seller’s Market in Bayside.   If you are looking for a Bayside single family, townhome or condo to call your own intime for the upcoming season, or if you have

We are just one month into the year and so far, we are experiencing good buyer activity at the beach! In January, 19 properties went under contract in the Bethany-Fenwick area. This is up nearly 30%, compared to 15 properties under contract during the same month last year, even as we continue to have deficient inventory in most areas.  

During this time of the year, we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to calculate how many months supply of inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory.  

As the chart illustrates, we remain in a Seller’s Market for

Stay on top of trash, recycling, and yard waste pickup schedules in and around Bethany Beach. Access the schedules for Bethany Beach (zones 1 & 2), Fenwick Island, and South Bethany by clicking on the links below:

Bethany Beach Zone 1 Schedule                  Bethany Beach Zone 2 Schedule                 

Fenwick Island Schedule                                    South Bethany Schedule

Happy New Year!  We hope you and your family had a safe and healthy holiday season.  As we look back on the 2023 real estate market for Bayside, 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 in the Fall and we are hopeful this positive momentum carries into 2024.  

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 Bayside real estate.  Our Bayside Experts, Wayne

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 Fenwick Island Real Estate!  If you have any

As we look back at the first 3 quarters of 2023 compared to recent years, the Bayside 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. Inventory of resale properties in Bayside was down 20% on October 1 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 environment.  If you are exploring your options as a buyer or seller of Bayside real estate, we always welcome a

Credit to Kirstyn Clark, WBOC

With just two weeks left for residents to make comment, officials in the Town of Fenwick Island are asking for a final wave of support to thrust the proposed dredging plans into existence.  The dredging will take place in the Northern and Southern channels of the Little Assawoman Bay. 

The Leslie Kopp Group

Through the U.S. Army Corp of Engineers and the Delaware Department of Natural Resources and Environmental Control (DNREC), Fenwick Isle Town officials have filed for several permits.  After filing for said permits, each branch had requested comments and criticism from residents in the community.  The town is now currently in the third and endmost Round of Public Notifications related to DNREC.  It supports the