April 2015

Found 4 blog entries for April 2015.

After two years of declining first quarter sales for condo/townhomes located in Sea Colony West, we experienced a small increase in new contracts in the first quarter of 2015. There were 15 new contracts accepted, up 7% compared to 14 for the same time period last year. Sales volume in dollars is up 6%.

We experienced a large increase in the pace of sales just last month with eight new contracts in March versus five last year. Floor plans have been varied and the Sea Colony West market mirrors the greater Bethany-Fenwick townhome/condo market which has experienced a 3% increase year-to-date versus the same time period in 2014.

First quarter of 2015, Sea Colony West

With over 20 years of experience selling Sea Colony, Despina offers exceptional knowledge of the community and is

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You might recall that last year, the pace of sales lagged early in the year then picked up late-summer and remained strong through the end of the year. In the first quarter of the 2015, we are experiencing the same slow start with six units going under contract versus seven last year. This compares to 13 new contracts in the first quarter of both 2012 and 2013.

The condo/townhome market in the Bethany-Fenwick area as a whole experienced some growth in the first quarter. East of Route 1, a total of 15 properties went under contract versus 11 last year, an increase of 36%. Sales volume in dollars was up 29%.

Sea Colony East New Contracts

Despina was involved in three of the six transactions for Sea Colony East in the first quarter, representing the buyer or seller. With over

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Last year, the Bethany-Fenwick area experienced considerable strengthening of the $1 million+ market, mainly due to an increase in demand for properties located East of the Route 1 highway. While sales continue to remain strong on the Oceanside, buyer activity has picked up considerably West of Route 1 this year.

Bethany Beach Home Sales

As the chart indicates, in the first quarter of 2015, the number of contracts for single-family homes located West of Route 1 doubled as compared to the first quarter last year. While there is still considerable inventory offered for sale, if this pace continues, we could begin to see some gradual upward pressure on prices.   

In the first quarter of 2015, 11 single-family homes East of Route 1 went under contract. This compares to 13

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The market is heating up, but don’t be too quick to take the plunge. Here are issues to consider first.

The market for vacation homes went into a deep freeze after the financial crisis. Now, it is basking in the sun. Sales of such properties shot up 57% in 2014 from a year prior, the largest increase since the National Association of Realtors began tracking the data in 2003.

Tempted to get in on the action?

Owning a vacation home can be worthwhile for reasons that go beyond the allure of a relaxing getaway. Just as with a primary residence, there can be lucrative tax breaks for mortgage-interest payments and potential gains on a valuable asset. But buyers should find out about hidden risks and unexpected expenses to be sure a purchase makes

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