July 2015

Found 4 blog entries for July 2015.

Long & Foster’s Kopp Group Ranked Top in Nation

Compliments of the Long & Foster Newsroom
July 9, 2015

Long & Foster Real Estate, the largest family-owned residential real estate company in the United States, announced today that The Leslie Kopp Group, based in Bethany Beach, Del., ranked 126th out of 250 for real estate teams nationwide, based on transaction volume in 2014, as ranked by REAL Trends, Inc.

Kopp, who has specialized in the sale of coastal properties since 1989, says she attributes her team’s success to always putting her clients’ interests first, which results in many referrals from previous transactions.

“Our group is pleased to be ranked as one of the top real estate teams in the country, and we’ve worked hard to achieve

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You might recall from previous messages that 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 measure absorption rates twice a year, on December 31st and again on June 30th each year.

Sea Colony Absorption Rates 2015

As of June 30th, there were 30 properties for sale on Sea Colony East. Since 27 units were sold over the past 12 months, the absorption rate tells us that there is 13.3 months worth of supply on the market. Sea Colony West had 59 condo/townhomes for sale on June 30th and 51 units were sold during the 12 months prior. This tells us the absorption rate is 13.8 months.

With absorption rates between 13 and 14 months, Sea Colony East and West are

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You might recall from previous messages that 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 measure absorption rates on June 30th each year as inventory tends to be near its peak and we compare annual figures to eliminate the seasonality of the numbers.

Bethany Beach Real Estate Trends

With absorption rates between 11 and 19 months, our beach towns are currently still in a buyer’s market. In general, when this moves below seven months, we
will see a shift to a neutral and then a seller’s market. Seven is a good number to use as a benchmark, but every situation is unique as price, condition and
location can vary significantly, especially at the beach.

The single

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fenwick island real estate

Fenwick takes its place among Quiet Resorts

Article Courtesy of Gannett Publishing
Michael Morgan, 11:54 a.m. EDT July 7, 2015

There was not widespread approval of the border between Delaware and Maryland. Because of some fuzzy colonial geography, both William Penn, proprietor of Pennsylvania and Delaware, and Lord Baltimore, the proprietor of Maryland claimed Fenwick Island.

The dispute dragged on for decades; and in 1732, Charles Calvert, the fifth Lord Baltimore, met with the sons of William Penn to negotiate a settlement of the disputed land. Both sides agreed that the southern limit of Delaware would be Cape Henlopen.

At the meeting, a map was used that showed Cape Henlopen in the vicinity of Fenwick Island, and Calvert agreed to this

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