1. Message from Leslie
2. New Listings
3. Beach Replenishment Update
4. What's Happening
5. Interest Rates
6. In the News
7. For Your Information

Conforming:
30 year fixed 0 points: 6.500%
15 year fixed 0 points: 6.250%

Jumbo:
30 year fixed 0 points: 7.125%
15 year fixed 0 points: 6.875%

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@wellsfargo.com

http://www.homeloans.com/jeff-baxter

Economy Commentary 10-02-07 by Jeff Baxter

Economy Commentary 10-01-07 by Jeff Baxter

Economic Commentary 9-25-07 by Jeff Baxter

Mortgage Problems Continue to Hamper Pending Home Sales
~National Association of Realtors

Realtors® Encourage Senate To Expand National Flood Insurance Program.
~National Association of Realtors

South Bethany residents get flood insurance discount. ~townofsouthbethany.org

Inert munition found during replenishment.~Delaware Wave

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

A real estate market is said to be ‘balanced’ if the inventory of unsold homes is about six months at the current sales rate. When that ratio exceeds six months for some time, it is a ‘buyers market’. Our market’s sales/inventory ratio has greatly exceeded that number for most of the year.

A true ‘buyers market’ is a rare opportunity and materializes on average only once or twice every ten years. The last equivalent such market, for example, was in the early 90s. Real estate cycles are nothing new. Smart money takes advantage of them. I believe those who buy over the next year will be very glad they did.

September 2007 ended the same as the year before with 11 single family homes under contract. Four were in North Bethany, where oceanfront set new records once again. I had a good month, participating in 36%.

7 (40105) Queen’s Quest Fenwick Island $1,595,000 Ultimate in oceanfront living in this huge 3 BR, 3.5 BA, 3 story sensational TH on the beach. Beautifully remodeled with panoramic views of the ocean and bay and just steps to the white sandy beach! Click to view: Fact Sheet | Virtual Tour

39544 Dune Road, Tower Shores North Bethany $995,000 This Ocean Block 4 BR, 3.5 BA end townhome is beautifully appointed and only steps away from the fabulous North Bethany shoreline. The bright, sunny interior and spacious layout will intrigue any buyer. Click to view: Fact Sheets

38314 Beachview Court, Bayville Shores Selbyville/West Fenwick $565,000 Launch your kayak from your yard or take in the endless unobstructed bay and wetland views from this unique, wonderfully decorated, 4 Bedroom, 3.5 Bath Townhome with community amenities. Click to view: Fact Sheets | Virtual tour

The beach replenishment is under way. Here is an article in the Coastal Point with information concerning the replenishment. Click here for photos.

• October 7, 2007 - University of Delaware College of Marine and Earth Studies Coast Day
  
  First Sunday in October each year.
  
• October 5-7, 2007 Greyhounds Reach the Beach
  
  For more information log on to www.adopt-a-greyhound.org.
  
• October 5-7, 2007 30th Annual Fall Sidewalk Sale
  
  Rehoboth/Dewey Resort Area. Call the Rehoboth Beach-Dewey Beach Chamber of Commerce at 800-441-1329, ext. 12.
  
• October 6, 2007 - Lewes Historical Society Craft Show
  
  Lewes Historical Society, First Saturday in October.
  
• October 6-7, 2007 28th Annual Fall Surf-fishing Tournament
  
  North of the inlet through Fenwick. Twice the fun of the spring tournament because it lasts two days. Visit www.brtackle.com or www.oldinlet.com for more info.
  
• October 11, 2007 - Annual Fall Golf Outing, Bayside Golf Club, Selbyville
  
  The Chamber’s golf tournament is a “must play” for local business owners. From registration through the finale party, it’s a great day of golf. This year we up the excitement by playing the new Jack Nicklaus-designed Bayside.
  
• October 13, 2007 - The Second Annual Harvest Ball,
  Ruddertowne's Bay Center, Dewey Beach, DE
  
  Sponsored by the Friends of the South Coastal Library will benefit the Capital Campaign to enlarge the South Coastal Library/Cultural Center. Live music, silent and live auctions, great food and great fun. Black tie optional. 6:00 to 11:00 PM
  For more information, call Karen Taylor (302) 539-9452
  
• October 10-14, 2007 18th Annual Rehoboth Beach Autumn Jazz Festival
  
  Produced by Delaware Celebration of Jazz, Inc. Call 1-800-29-MUSIC or visit rehobothjazz.com for information.
  
• October 13-14
  Free State Corvette Club Weekend
  Inlet Parking lot
  
  21st gathering of Corvette enthusiasts. Car shows & road rallies. Boardwalk parade Saturday, 4:30 p.m. Car show, 10 a.m.-1 p.m. 410-590-5630. www.freestatecorvette.com.
  

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.