March 2016

Found 6 blog entries for March 2016.

Compliments of Jon Bleiweis
Delmarva Now, March 18, 2016
 

With the Bethany Beach Town Council's approval of a fiscal year 2017 budget, the town now has a reserve to repair its infrastructure, should natural disaster strike the resort.  Talks of implementing the fund, known as the Storm Emergency Relief Fund, came as early as November 2014, when town manager Cliff Graviet initially proposed it to the town council.

The money would be used to repair or replace town infrastructure, such as the boardwalk, should it be damaged from a hurricane, nor'easter or other weather event.  The fund would not apply to the dunes that vicious storms damaged over the course of the offseason, as the state maintains them, according to Mayor Jack Gordon.

Gordon said

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After what was the slowest January that the Bethany-Fenwick market had experienced in quite some time, I am pleased to report there was a significant rise in real estate activity in February. New contracts on single family (18) and condo/townhomes (13) matched last year’s strong February numbers and sales volume in dollars under contract was up nearly 20%.   

The graph illustrates that year-to-date, new contracts are down when compared to the first two months of 2015. However, long term market activity is trending in a positive direction as 2016 sales are up when compared to each of the 7 years prior to 2015.  

Bethany Beach Real Estate 2016

The graph illustrates that year-to-date, new contracts are down when compared to the first two months of 2015. However, long term market

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After what was the slowest January that the beach real estate market has experienced in quite some time, we are pleased to report that there was a notable rise in activity in February for Bear Trap Dunes and for the Ocean View and Bethany Beach market as a whole. A total of 5 properties in Bear Trap Dunes went under contract in February, 3 condo/townhomes and 2 single family properties. This is up from 3 new contracts in the community in the month of February last year.    

Bear Trap Dunes Real Estate Sales 2016

The graph below illustrates that year-to-date, the total number of properties put under contract in Bear Trap is up compared to the same time last year. The recent uptick in activity that we experienced in February coupled with spring-like weather coming to our area early this

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After what was the slowest January the Bethany Beach real estate market had experienced in quite some time, we are pleased to report there was a significant rise in real estate activity in February both in Sea Colony and the surrounding areas of Bethany Beach and Fenwick Island. A total of 10 properties went under contract in February, 5 on the East and 5 on the West. This is up from 7 in February of last year, 4 new contracts on the East and 3 on the West.

The graph below  illustrates that year-to-date, total new contracts in the Sea Colony Community are up when compared to the first two months of 2015. However, activity is trending down some when compared to each of the 3 years prior to 2015. With spring-like weather coming to our area early this

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Courtesy of Kerin Magill, Coastal Point, March 11, 2016

U.S. Sen. Chris Coons (D-Del.) last week asked a U.S. Army Corps of Engineers official if funds left over from Hurricane Sandy might be diverted to emergency repairs of the beaches and dunes at three of Delaware’s beach towns.

During a hearing by the Senate Appropriations Subcommittee on March 2, Coons questioned Jo-Ellen Darcy, assistant secretary of the U.S. Army for Civil Works, about funding for emergency work to repair beaches and dunes in Rehoboth Beach, Bethany Beach and South Bethany in the wake of two damaging storms this past fall and winter.

“We have several world-class beaches — they are a key driver of tourism in our region and they are essential to the economy of Southern

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Courtesy of Laura Walter, Coastal Point
March 11, 2016

Some Warn about Wintertime Perceptions

The Fenwick Island Charter & Ordinance Committee isn’t entirely comfortable with a proposed freeboard ordinance. In fact, the group was split on March 8 on whether they agreed with the law as written.

The town council has already approved the first reading of the ordinance that would permit buildings to be 18 to 24 inches taller if they provide 18 to 24 inches of freeboard underneath, building from a higher point to reduce flood impacts.

Freeboard is the additional amount of height above the Base Flood Elevation that a building’s lowest floor is elevated or flood-proofed. (For instance, people might be required to start their

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