Last month, we communicated to you that the real estate market remained exceptionally strong for Sellers with escalating prices and minimal competition.  We are into May and this trend has now continued for 12 straight months!

Sales-to-date, are up 43% compared to 2020 (149 vs. 104).  It is important to remember that at this time last year, strict stay-at-home orders were just beginning to lift and we were adjusting to the way we would live and work through a pandemic. 

The chart provided compares the 2021 market to a more “normal” 2019 which we hope puts the current real estate environment into appropriate perspective.  All key market statistics are moving in an extremely positive direction.  We would love to help you maximize your results! 

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom. The median sale price of condo/townhome properties sold to-date in 2021 is up 26% over 2019.  Prices of single family home properties are up 55% compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last… what we know for certain is that Spring is upon us and NOW is an opportune time!  If

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. 

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices are up 13% in North Bethany compared to 2019 and this would be much higher if more inventory was available.  It is hard to predict how long this market will last, but  we do know that Spring is upon us and  NOW is an opportune time!  If you are considering a sale or looking to make a

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. There has never been a better time to be a Seller!  

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices to-date are up 82% in South Bethany compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last, but we do

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. 

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices are up 134% in Fenwick Island to-date when compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last, but we do know that Spring is upon us and  NOW is an

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 19% over 2017 for Sea Colony East and 56% for Sea Colony West.  There are currently just 4 properties for sale on the East and zero on the West.  It is hard to predict how long this market will last, but we do know that Spring is upon us and  NOW is an opportune time!  Please call our Sea Colony Experts: Gail Phelan 302-233-4909 or Despina Kaneles

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 in Bear Trap Dunes and 19% for Ocean View as a whole.  There are currently just 2 properties for sale in Bear Trap.  It is hard to predict how long this market will last, but we do know that Spring is upon us and NOW is an opportune time! Please call our Bear Trap Expert:  Gail Phelan 302-233-4909.      

A Message from Dickens Parlour Theatre:

Dear Friends,
In contemplating our tenth anniversary year in 2020, we anticipated that January would be dark. We had no reason to believe we would be shuttered for what amounted to most of the remainder of 2020, as well. When it became apparent that productions of any kind would be hopeless, Susan, Cheryl, Jay, and I sat down to discuss the best way to utilize our enforced respite.

Enter the Good Earth Market.
Located about a mile west of us on Route 26, the
Good Earth Market, which began operations at about the same time as we did, has, for the past decade, been not only one of my favorite food purveyors in the world (Sue Bloch casts a concurring vote on that), but

David Muhlbaum and Rocky Mengle of Kiplinger.com review the 10 states that you should consider for retirement due to their tax-friendly rules and regulations.

If you’re thinking of moving to a different state in retirement, you’ll want to consider climate, proximity to family and friends, access to quality health care, and a host of other important factors before picking a new location. But make sure you add taxes in the new state to the list of considerations. The total state and local tax burden in one place can be thousands of dollars more per year than in another. That can make a huge difference when you’re trying to stretch out your retirement savings.

With no sales tax, low property taxes, and no death taxes, it should come as no surprise

Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January of 2021, 36 properties went under contract in the Bethany-Fenwick area.  This is up 50% over 24 in January of 2020.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our communications over the last 8 months, it should be no surprise that we are clearly in a seller’s market.  However, to put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate.

The chart provided compares the supply of inventory at the beach on January 1 versus the same date in previous years.  In general, 7