The Leslie Kopp Group's Beach Real Estate Blog

After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. In Bethany Beach alone, 28 properties went under contract versus 17 last year.  October single family home sales matched 2017 while condo/townhome sales more than doubled (21 vs. 10). Buyers benefited from a nice jump in September inventory!

As the chart illustrates, year-to-date, the market is keeping pace with a strong 2017 and all factors point towards the continuation of this trend.

Bethany Beach Real Estate 2018 Fall Market Update

Over-all, we are optimistic about the market as we head into 2019 !  This Thanksgiving and always, we are thankful to you for your continued trust and confidence. We wish you and your loved ones a very joyful holiday season!

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After a late summer slowdown, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!

Meanwhile, there was some slowing in North Bethany as only 2 properties went under contract versus 3 last year. We were fortunate to participate in both sales. As the chart illustrates, year-to-date market activity has been exceptional when compared to 2017. Additionally, properties are going under contract more than a month quicker than a year ago.

North Bethany Real Estate 2018 Fall Market Update

These are encouraging trends and over-all, we are optimistic about the market as we head into 2019!  This Thanksgiving and always, we are thankful to you for your continued trust and confidence. We wish you

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After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!  

In South Bethany, 4 properties went under contract during the month and 3 of these properties were on the market for less than 40 days! As the chart illustrates, year-to-date market activity has been firm when compared to 2017. While total sales are down some, properties are going under contract more than a month quicker than a year ago, prices are up, and higher-end sales have nearly doubled.

South Bethany Real Estate 2018 Fall Market Update

These are encouraging trends for property owners and over-all, we are very optimistic about the South Bethany market as we head into 2019!

This Thanksgiving

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After a late Spring and Summer slow-down, the Ocean View Real Estate market experienced a nice rebound this fall.  There was a significant 54% rise in sales during the months of September and October when compared to 2017. Buyers benefited from a nice jump in September inventory!

As the chart illustrates, the market is trending in a positive direction when compared to last year. Additionally, properties are going under contract more quickly (109 average days to contract vs. 134 last year).

Ocean View Delaware Real Estate 2018 Fall Market Update

 

New construction single family home sales are fueling Ocean View's increase. Existing single family and townhome sales match 2017 while new construction homes have more than doubled (80 through October versus 56 during this same time last year).  These

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After a late summer slow down, the Bethany-Fenwick market experienced a significant rise in sales during October when compared to 2017. In Fenwick Island alone, 4 properties went under contract versus 2 last year.

Buyers benefited from a nice jump in September inventory and we were fortunate to represent the seller of the only single family home sale in Fenwick during the month. This property went under contract in less than 2 weeks!  

Fenwick Island Real Estate 2018 Fall Market Update

As the chart illustrates, year-to-date sales been slow when compared to 2017, but this does not tell the whole story. Properties are going under contract more than 2 months quicker than a year ago and the higher-end market is strong. These are encouraging trends and over-all, we are optimistic about the market as we

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After the strongest start to the year in more than a decade, real estate activity slowed early this summer and the trend carried through August. Sales last month of both single-family homes and condo/townhomes were down considerably compared to August of 2017. Inventory is now on the rise in several areas and we will be monitoring closely to see if this brings more buyers to the area this fall.

 Bethany Beach to Fenwick Island Real Estate Summer 2018 Market Update

On a personal note, September is always a special time for me. It was 29 years ago this month that I started a career in real estate at the beach. I cannot begin to express how fortunate I feel to have earned the trust of so many of you over the years and today, my group is stronger than ever. We continue to work with far more buyers and sellers than any

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North Bethany August 1, 2018 Market Update

It is hard to believe that we are more than half of the way through the year and as the chart indicates, year-to-date real estate sales activity has been exceptional when compared to the same time period in 2017. Total sales, prices and the pace of sales are trending in a positive direction for North Bethany home owners.

It is important to note that while the year as a whole has been strong, most recently, real estate has slowed as sales were down in both June and July when compared to the same months in 2017. Inventory is relatively flat. There are currently 32 properties for sale in North Bethany versus 34 this time last year.    

It’s never too early to begin strategizing. If you are considering buying or selling in the future, please give us a

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Bethany Beach August 1, 2018 Market Update from Leslie Kopp

It is hard to believe that we are more than half of the way through the year and as the chart indicates, year-to-date real estate sales activity has been strong when compared to the same time period in 2017. Total sales, prices and the pace of sales are trending in a positive direction in Bethany.

It is important to note that while the year as a whole has been strong, most recently, real estate has slowed as sales were down in both June and July when compared to the same months in 2017. Additionally, inventory on the first beach block has been limited which is reflected in some softening of the $1 million+ market.  

It’s never too early to begin strategizing. If you are considering buying or selling in the future, please give us a call to discuss

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Fenwick Island August 1, 2018 Market Update

It is hard to believe that we are more than half of the way through the year and while the beach real estate market as a whole is trending in a positive direction, Fenwick Island has experienced some slowing when compared to 2017.

As the chart indicates, through July, the total number of both single family homes and condo/townhomes sold are down. Meanwhile, the pace of sales has improved some and $1million+ sales have held firm. Inventory is down across all property types in Fenwick which is certainly a factor. This time last year, there were 44 properties for sale versus 30 on the market today.    

It’s never too early to begin strategizing. If you are considering a future purchase or sale, please give us a call to discuss your goals: (302)

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South Bethany August 1 2018 Market Update

It is hard to believe that we are more than half of the way through the year and while the beach real estate market as a whole is trending in a positive direction, South Bethany has experienced some slowing in total sales.

As the chart indicates, through July, the number of properties put under contract is down 14% when compared to the first 7 months of last year. Meanwhile, the pace of sales has improved and $1million+ transactions are up considerably, leading to an increase in total sales volume to-date. Inventory is down across most areas of South Bethany which is certainly a factor. This time last year, there were 25 properties for sale versus 18 on the market today.

It’s never too early to begin strategizing. If you are considering a future

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