Delaware Beach Real Estate Blog

Bear Trap Dunes Remains in Seller’s Market

As we head into what is typically an active selling season, this is a time 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 determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. While we are trending towards a Buyer’s Market, at this time, Bear Trap Dunes has 4 months of inventory and it remains a Seller’s Market.

Even with a serious winter storm that left us under snow for many weeks, we experienced good activity during the first month of the year. In January, 6 properties went under contract in Bear Trap. This compares to 4 sales in

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Ocean View Remains in Seller’s Market

As we head into what is typically an active selling season, this is a time 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 determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. While we are trending towards a Buyer’s Market, at this time, Ocean View has 4 months of inventory and it remains a Seller’s Market.

Even with a serious winter storm that left us under snow for many weeks, we experienced good activity during the first month of the year. In January, 25 properties went under contract in Ocean View. This compares to 27 sales in

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Sea Colony Remains in Seller’s Market

As we head into what is typically an active selling season for beach property, this is a time 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 determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, both Sea Colony East and West have 2 months or less of inventory and we remain in a Seller’s Market.

Even with a serious winter storm that left us under snow for many weeks, we experienced good buyer activity at the beach during the first month of the year. In January, 5 properties went under contract in Sea Colony. This

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Bethany Fenwick Sellers Market 24

As we head into what is typically an active selling season for beach property, this is a time 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 determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, all areas have 4 months of inventory or less and we remain in a Seller’s Market in the Bethany-Fenwick area.

Even with a serious winter storm that left us under snow for many weeks, we experienced good buyer activity at the beach during the first month of the year. In January, 17 properties went under contract in the

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Credit to: Coastal Point, Susan Canfora

Bethany Seal

By unanimous vote, the Bethany Beach Town Council this week passed a resolution to announce the Town’s desire to borrow funds for a new clarifier for the water treatment plant. They will hold a public hearing to hear comment about that resolution at 1 p.m. on Monday, Feb. 17.

After the public hearing, there will be a second resolution offered, to determine whether there will be a special election held on the funding, in April or May.

Town Manager Cliff Graviet, at the Friday, Jan. 17, town council meeting, said the new clarifier will cost $3.9 million, paid over 20 years.

A clarifier, he explained, is a significant part of the Town’s water treatment process. Bethany Beach has deep aquafers that are

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2024 Bayside Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes resale properties sold in Bayside. May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Bayside were comparable to 2023. Inventory shortages kept values high, even as interest rates increased heading into the Summer season, and sales remained steady from January through September. Buyer activity slowed considerably in the Fall, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the market in the year ahead!  If you are considering a purchase or sale of Bayside real estate, it is never too early to have a conversation or to begin preparations.

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2024 Bear Trap Dunes Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Bear Trap and Ocean View were comparable to 2023. Limited inventory kept values high, even as interest rates increased heading into the Summer season, and sales remained steady from January through October. Buyer activity slowed considerably in November and December, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the market in the year head!  If you are considering a purchase or sale of Bear Trap real estate, it is never too early to have a conversation or to

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2024 Sea Colony Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes properties sold in Sea Colony. May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Sea Colony were much stronger when compared to 2023. Even as interest rates increased heading into the Summer season, inventory shortages kept values appreciating and sales remained high from January through October. Buyer activity slowed considerably in November and December, as anticipated, with the election and Holiday Season.

We are optimistic and enthusiastic about the Delaware beach markets in the year ahead!  If you are considering a purchase or sale of Sea Colony real estate, it is never too early to

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2024 Ocean View Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View.   May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Ocean View were comparable to 2023. Limited inventory kept values high, even as interest rates increased heading into the Summer season and sales remained steady from January through September. Buyer activity slowed considerably in the Fall, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the market in the year ahead! If you are considering a purchase or sale of Ocean View real estate, it is never too early to have a conversation or to begin preparations. We

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2024 Fenwick Island Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes properties sold in Fenwick Island. May not reflect all activity in the marketplace.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Fenwick Island were much stronger when compared to 2023. Even as interest rates increased heading into the Summer season, inventory shortages kept values appreciating and sales remained high from January through October. Buyer activity slowed in November and December, as anticipated, with the election and Holiday Season.  

 We are optimistic and enthusiastic about the Delaware beach markets in the year ahead!  If you are considering a purchase or sale of Fenwick Island real estate, it is never too early

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