February 2018

Found 3 blog entries for February 2018.

For much of 2017, we communicated to you that sales activity was strong while inventory was shrinking in Bear Trap, so it was no surprise to see that our January absorption rates show a trend to a seller’s market.

Bear Trap Dunes Absorption Rates 2017

Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally speaking, 7 months of inventory is a neutral market, more is a buyer’s market, less is a seller’s market. Absorption rates are as low as we have seen in many years for both single family homes and for condo/townhomes at Bear Trap.

If we can be of assistance buying or selling real estate in Bear Trap, please call our Bear Trap experts:

Gail Phelan (302) 233-4909   & Despina Kaneles (302) 236-2428.        

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GENERAL MANAGER’S REPORT – February 16, 2018
To Sea Colony Homeowners
From Tom Olson

What’s Happening at Sea Colony? We began the New Year with a full 14-inch snowfall on Jan. 4th.   High winds and frigid temperatures added even more challenge, but our maintenance crews responded quickly keeping all roads and walkways open for emergency access while monitoring buildings for freezing pipes. We hope we’ve seen the last snowstorm for the season as we’re already focusing on summer 2018 and the many projects to be completed before then.    We are anxiously awaiting the arrival of a new beach tram as we begin a multi-year program to replace and upgrade our aging fleet.  The new tram features the latest diesel power technology, which should minimize breakdowns

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bethany beach real estate absorption rates

 

We are often asked whether it is a buyer’s market or a seller’s market at the beach. Knowing the Months of Inventory available helps to determine the type of market. Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally, 7 months of inventory is a neutral market, more is a buyer’s market, less is a seller’s market.

The areas of South Bethany (4 months) and Bethany Beach (6 months) are both a seller’s market for single family homes. North Bethany and Fenwick Island are technically in a buyer’s market with 12 months of inventory. However, several properties recently listed for sale went under contract within a few days and some homes received multiple offers very

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