Bethany Beach Real Estate - Leslie Kopp
Home spacer Meet Leslie spacer Featured Listings spacer eNewsletter spacer Reports spacer Calendar spacer Contact
spacer
May 15, 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: 4.875%
15 year fixed 0 points: 4.875%

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

Jeff's eNewsletter

Economic Commentary 5/12/09

Mortgage Market in Review 5/4/09

IN THE NEWS
FOR YOUR INFORMATION
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

Easter Turn?

What is it about Easter? For me, it’s the proof that spring is really here and a time of looking forward. Based on recent activity, others must feel the same. It was almost like someone turned on the switch. Phones started ringing and this time they were serious. I had three sales just from activity of that weekend. So has the market turned?

The numbers are starting to show it as well. Since Easter, 13 single family houses and 8 condo/townhomes have gone under contract, almost the same as a year ago. That hasn’t happened for some time now. I put another house under contract this past weekend and am working on three others which look promising.

Accordingly, I believe the market is turning, and it is doing so in sequence from low to high. Even before Easter, lower priced properties (<$500,000) were selling, increasingly well. Since then I have seen activity pick up in properties around the $1 million mark and more inquiries up to $2 million. The higher end remains very weak for now.

Still, I sense a rising confidence out there that portends continuing improvement over the next few months. As before, buyers seem to be motivated by price and not emotion.

NEW LISTINGS
Thumbnail 531A Hudson Road, Steward’s Watch
Bethany Beach
$429,000

This bright and cheerful 3 BR, 2.5 BA end-unit townhome is decorated for coastal living. The large, charming great room with tiled floors, screened porch & decorator inspired furnishings is a perfect beach home! Minutes to the Beach or enjoy the community pool, tennis & pier.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 114 Ewing Road, Bayside Hamlet
Ocean View
$545,000

This home offers a great location looking down the Canal and straight out into the Creek and Bay. With a remodeled kitchen and large decks to enjoy the tranquility & fantastic views, and your own dock, this is the perfect 3 BR, 2 BA home to enjoy waterfront living!.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 56057 Pinewood Drive, Sea Colony West
Bethany Beach
$499,000

Panoramic views of the water are just one of many features this 4 BR, 3 BA end-unit townhome offers. Bicycle to the beach or stroll to the pools and tennis courts on the many shaded pathways throughout this beautifully landscaped community. Every imaginable amenity is available to enjoy.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 72 King’s Grant
Fenwick Island
$675,000

Enjoy panoramic sunsets and Bayfront views from this 3 BR + Den townhome. Walk across the street to beach or enjoy the community pool and pier.
Click to view: Fact Sheet

Thumbnail 404 Tamarack Drive, Cat Hill
South Bethany
$570,000

This great seaside retreat offers a natural picturesque setting overlooking wildlife preserve and wetlands. One will appreciate the open and lofty architecture design of this 3 BR, 2 BA home.
Click to view: Fact Sheet | Virtual Tour

PRICE CHANGE
Thumbnail 39670 Tern Drive, Ocean Village
North Bethany
Was $2,685,000 NOW $2,550,000

Dazzling 6 BR, 4 Full, 2 half BA beach home with spacious floor plan was designed for large gatherings. Only 3 lots off the ocean in one of N. Bethany's private neighborhoods. Nothing less than impressive with a grand great room, multiple living areas and elevator.
Click to view: Fact Sheet | Virtual Tour

Thumbnail Lot 30 Pine Grove
Millville
Was $98,000 NOW $89,000

This large wooded lot (118' x 169') is priced attractively with close proximity to the beach. Central sewer is now available.
Click to view: Fact Sheet
Thumbnail 38860 Old Lighthouse Road
West Fenwick Island
Was $975,000 NOW $899,000

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

Thumbnail 4603 Tiebreaker Court, Sea Colony
Bethany Beach
Was $234,900 NOW $199,900

Cute condo in duplex type building located close to amenities and beach. Well maintained 1 BR, 1 BA villa is in a community where every imaginable amenity is available.
Click to view: Fact Sheet | Virtual Tour

Thumbnail 311 W. 3rd Street
South Bethany
Was $995,000 NOW $929,500

Completely remodeled with superior detail. High-end waterfront 4 Bedroom, 3 Bath home with dock is sited on a premium lot and captivating views of Jefferson Creek. Ideally designed for spacious living including large family room, den with wet bar, custom kitchen and more.
Click to view: Fact Sheet | Virtual Tour


WHAT'S HAPPENING

  • Bethany Bandstand Schedule Announced
    The following events are scheduled to take place on the Bethany Beach Bandstand in May.
    · Saturday, May 23: Rock'n' roll performed by the U.S. Army Volunteers at 7:30 p.m.
    · Sunday, May 24: First State Symphonic to perform at 7:30 p.m.
    · Monday, May 25: Memorial Day services begin at 11 a.m.
    · Reminder: Yoga at Sunrise will take place from 6 to 7 a.m. every Friday, Saturday and Sunday through Aug. 30. Participants should bring a mat and towel.
    For more information, call 302-539-5484.
  • May 14-17, 2009
    Cruisin’ Ocean City
    Convention Center, 40th St. & Bay
    Inlet Parking Lot

    Popular car show features 3,000 hot rods, customs, classics, street machines, muscle cars & more. Live entertainment, celebrity guests, special attractions, boardwalk parades, manufacturers vendor midway & more. Admission. Thurs.-Sat., 9 a.m.- 5 p.m.; Sun., 9 a.m.- 4 p.m. Meredith Hennen, 410-798-6304. www.cruisinoceancity.com.
    infoevent@aol.com.
  • May 29-31, 2009
    Nascar Race Weekend
    Dover International Speedway
  • 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!
DISCLOSURE
Information on how to be removed from this 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