Bethany Beach Real Estate - Leslie Kopp
Home spacer Meet Leslie spacer Featured Listings spacer eNewsletter spacer Reports spacer Calendar spacer Contact
spacer
June 4, 2009
  1. New Listings
  2. Price Changes
  3. What's Happening
  4. Interest Rates
  5. In the News
  6. For Your Information
INTEREST RATES as of Noon

Conforming:
30 year fixed 0 points: 5.375%
15 year fixed 0 points: 5.000%

Jumbo:
30 year fixed 0 points: 6.375%
5/1 ARM 0 points: 5.375%

These rates are provided by Jeff Baxter at Prosperity Mortgage and are subject to change without notice. Please contact Jeff directly for current rates at 866-859-6558 (toll-free office), 410-459-2108 (cell phone) or jeff.baxter@prosperitymortgage.com
http://www.sjbaxter.com

Economic Commentary 6/02/09

Mortgage Market in Review 6/01/09

Economic Commentary 5/26/09

IN THE NEWS

Pending Home Sales Up for Three Months in a Row. ~National Association of Realtors

FOR YOUR INFORMATION

Elections in South Bethany. ~ Coastal Point

Noise amendment adopted in Bethany.
~ Coastal Point

Make summer learning fun for kids.
~ Delmarvanow.com Delaware Wave

Taste of Delaware offers up variety.
~ Delmarvanow.com Delaware Wave

CONTACT
Leslie Kopp or Pam Adkins
The Leslie Kopp Group
Long & Foster Realtors, Inc.
33298 South Coastal Highway
Bethany Beach, DE 19930
Office: 800-851-8997
Leslie's Cell: 302-542-3917
Pam's Cell: 302-858-7997
Email:  leslie@bestofbethany.com
pam@bestofbethany.com
URL: http://www.bestofbethany.com
Leslie Kopp
LESLIE KOPP
Cell: 302-542-3917
Email: leslie@bestofbethany.com

Leslie Kopp
PAM ADKINS
Cell: 302-858-7997
Email: pam@bestofbethany.com
MESSAGE FROM LESLIE

A Very Strong May

By any measure one could use, May was a very strong month. From the latter months of 2008 and all during 2009, the year to year comparisons have been awful. I did not like reporting them either. Some thought I was too negative. But facts are facts, and my readers tell me they want to know reality. And this month the reality is great!

20 lots and single family homes went under contract in May. For the first time since last October, the year to year comparison was positive, strongly positive. The equivalent May number in 2008 was 12, 60% of 2009's transactions. In dollar terms, comparisons were even better, with $22 million under contract this year compared to only $8.3 million the year before. For some time now we have been reporting that sales were concentrated well below the million dollar level. That also is starting to change. Almost half of the contracts this May were over $1 million compared to only 8% last year.

I was fortunate this month as well, involved in 40% of the lots and single family homes and 46% of the dollar value under contract. While there is often a pause after a hot month like May, I am convinced that the positive trend will continue. It's about time!

NEW LISTINGS
Thumbnail 39538 Dune Road, Tower Shores
North Bethany
$825,000

This oceanblock duplex has been lovingly enjoyed and is a proven rental. This spacious 4 BR, 3.5 BA floor plan with lots of natural lighting from its many windows feels more like a home. Only steps away from the beach and is tastefully furnished and appointed.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 26B Cove Road, Villas of Tower Shores
North Bethany
$199,000

This cute and cozy Oceanblock 1 BR, 1 BA condo has easy access to a beautiful beach and is adjacent to miles of the Delaware State Park and pristine shoreline.
Click to view: Fact Sheet

Thumbnail 124 Evergreen Road
South Bethany
$715,000

This spacious and immaculate 5 BR, 3.5 BA home with open floor plan, vaulted ceilings, screened porch and deck is an easy walk to the beach and never rented. Impeccably maintained and so enticing.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 2601 Round Robin Road
Sea Colony West
$365,000

This lovely remodeled end unit, two story Townhome, is perfectly located within walking distance to all the amenities at Sea Colony and the Beach. This pristine 3 BR, 2.5 BA unit is being sold fully furnished and is not a rental.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 200 S. Ocean Drive
South Bethany
$1,498,000

This quaint and cozy 3 BR plus loft, 2.5 BA cottage offers nothing but the best of ocean front living today and will also prove to be an outstanding investment. Great rebuild potential or strong rental property.
Click to view: Fact Sheet | Virtual Tour

PRICE CHANGE
Thumbnail 39554 Cove Road, Ocean Court
North Bethany
Was $499,000 NOW $449 ,000

This 3 BR, 2.5 BA oceanblock townhome is ideally situated mid-block with ocean and bay views from the balconies. With many recent improvements to entice the beach enthusiast, this great buy with community pool is the perfect beach home.
Click to view: Fact Sheet | Virtual Tour

Thumbnail Route One
Bethany Beach
Was $1,200,000 NOW $995,000

Approved for 7 Units - 2 Duplexes and 1 triplex or potential commercial site in a prime oceanside location along Route One in Bethany. Public Water and Sewer available. Lot size 74' x 358'.
Click to view: Fact Sheet

Thumbnail Lot 12 Winding Waters (29 Powell Road)
Ocean View
Was $439,000 NOW $399,000

Highly desirable waterfront lot offers a scenic view of the broad expanse of White's Creek. This sizeable parcel (62' x 346), in a recently developed upscale custom home community, offers ample space for a large home. Located only miles from the Beach in a tranquil setting.
Click to view: Fact Sheet

Thumbnail 38860 Old Lighthouse
West Fenwick Island
Was $899,900 NOW $865,000

A wonderful opportunity to own a brand new direct bayfront 4 BR, 3.5 BA home with elevator. Outstanding views of the bay can be taken advantage of from inside as well as from your private 40' Pier. Designer furnished.
Click to view: Fact Sheet | Virtual Tour


WHAT'S HAPPENING

  • June 6, 2009
    5th Annual Seaside Craft Show
    Bethany Beach Boardwalk

    The 5th Annual Seaside Craft Show sponsored by the Bethany Beach Cultural and Historical Affairs Committee will be held on the boardwalk Saturday, June 6, 2009, from 10:00 a.m. until 5:00 p.m. This is a juried fine crafts show featuring approximately 100 crafters and is open to the public.
  • June 7, 2009
    10th annual "A Taste of Coastal Delaware"

    Organizers are stirring some new excitement into the 10th annual "A Taste of Coastal Delaware," on Sunday, June 7, 1 to 4 p.m. It was already southern Delaware's biggest tasting event. The Bethany-Fenwick Area Chamber of Commerce, however, is adding a celebrity chef, a competition among the restaurants, and a new, but familiar location to make mouths water for this year's culinary showcase.
    Marketplace at Sea Colony, Route 1 (Coastal Highway) at West Way, Bethany Beach, DE. $35 per person, tickets will be available online or they can be purchased at the door. Visit the Bethany-Fenwick Area Chamber of Commerce web site at www.TheQuietResorts.com or call 800-962-SURF toll-free for more information or tickets.
  • June 7-13, 2009
    Downtown Rehoboth Restaurant Week

    3-course prix-fixe meals at more than 20 eateries in the Capital of Delaware! No matter your culinary favorites, there are treats for your palate. Indulge!
  • June 12-14, 2009
    OC Air Show
    OC Beach & Boardwalk

    The popular OC Air Show returns for its second year. This new event was a huge success in its inaugural year & is back even bigger! Show central will be located at 16th Street on the Boardwalk. The OC Air Show features a dazzling line up of military aircraft demonstrations, civilian aerobatic performers & close formation flying teams. Schedules will become available as the date nears. Friday the rehearsal day with shows on Sat. & Sun., from noon to 3 p.m. Spectators can see the show free of charge, but VIP seating is also available. www.ocairshow.com
  • June 13-19, 2009
    MD State Firemen's Assoc. Conference & Parade
    Convention Center, 40th St. & Bay
    Parade, Downtown OC

    Annual convention for the Maryland Fire Rescue Service. Training programs, business meetings & exhibits. The public is invited to come in & "meet the firemen" & see exhibits. Mon. & Tues., 9 a.m.- 5 p.m. Wed., 9 a.m.- noon. Annual parade, Inlet to 9th St. & Baltimore Ave. Equipment, bands, & floats. (approx. 3 hours) Wednesday, 1 p.m. info@msfa.org.
  • June 26, 2009
    Delmarva Big Band

    7 p.m. Delmarva Big Band This ensemble performs legacy and contemporary arrangements in the Big Band format. For more information please visit www.freemanstage.org or call (302) 436-3015 Free and Open to the Public.
DISCLOSURE
Information on how to be removed fromthis mailing If you do not want to receive this newsletter in the future, simply email me at leslie@bestofbethany.com with your email address to be removed or send me your request by mail at Long & Foster Realtors, P.O. Box 118, Bethany Beach, DE 19930.
spacer
Bethany Beach Realtors - Leslie Kopp