February 2015

Found 4 blog entries for February 2015.

Delaware Today's March 2015 issue features the state's 30 most expensive homes sold over the past five years. Extremely proud that the highest price home sold in the state of Delaware for 2014 was listed with Leslie Kopp and Wayne Lyons !

29809 OCEAN RIDGE DRIVE, NORTH BETHANY, $5,250,000 (2014) How often does this happen? A husband-and-wife construction team builds a six-bedroom oceanfront house, lives in it for less than a year and decides to sell and move on to another project. Four stories, two master bedrooms, multiple decks, a glass elevator, a four-car garage, wide ocean vistas and the privacy of a gated community make it “a beautifully designed, stately house,” says listing agent Leslie Kopp of the Leslie Kopp Group of Long and Foster in

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I usually expect to see an increase in real estate activity over President’s Day weekend, but with temperatures well below freezing, there was a chance that buyers would decide to stay home this year.  That did not happen. 

This President's Day weekend was the busiest that I have experienced since 2006 in the Bethany-Fenwick area.  Year-to-date, new contracts on single family homes are up 86% from 14 in 2014 to 26 in 2015.  New contracts on condo/townhomes are up 17% from 18 in 2014 to 21 in 2015.  We will see these numbers rise.  My office alone is in negotiations on more than a dozen transactions as the result of weekend activity.       

There is plenty of good news for buyers as interest rates in January hit levels we have not seen in nearly 2

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Absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales, if no new listings were added to the market. I like to look at absorption rates twice a year, on December 31st and again on June 30th.

While some sellers take their home off the market during the slower winter months, the trend of year-end absorption rates can help indicate the direction of future prices. With that in mind, more than seven months of supply is generally considered a buyer’s market and anything less is considered a neutral or seller’s market (which would tell me that we could see some upward movement of prices).

I anticipate that prices will rise moderately in North Bethany this coming year, less in other areas. The

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Absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales, if no new listings were added to the market. We like to look at absorption rates twice a year, on December 31st and again on June 30th as the trend can help indicate the direction of future prices. With that in mind, more than 7 months of supply is generally considered a buyer’s market and anything less is considered a neutral or seller’s market (which would tell us that we could see some upward movement of prices).

The year-end absorption rate of 11 months for Sea Colony East is down from 14 months last summer and is consistent with the same time last year. This means that price increases will be met with buyer’s resistance in most

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