November 2018

Found 5 blog entries for November 2018.

After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. In Bethany Beach alone, 28 properties went under contract versus 17 last year.  October single family home sales matched 2017 while condo/townhome sales more than doubled (21 vs. 10). Buyers benefited from a nice jump in September inventory!

As the chart illustrates, year-to-date, the market is keeping pace with a strong 2017 and all factors point towards the continuation of this trend.

Bethany Beach Real Estate 2018 Fall Market Update

Over-all, we are optimistic about the market as we head into 2019 !  This Thanksgiving and always, we are thankful to you for your continued trust and confidence. We wish you and your loved ones a very joyful holiday season!

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After a late summer slowdown, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!

Meanwhile, there was some slowing in North Bethany as only 2 properties went under contract versus 3 last year. We were fortunate to participate in both sales. As the chart illustrates, year-to-date market activity has been exceptional when compared to 2017. Additionally, properties are going under contract more than a month quicker than a year ago.

North Bethany Real Estate 2018 Fall Market Update

These are encouraging trends and over-all, we are optimistic about the market as we head into 2019!  This Thanksgiving and always, we are thankful to you for your continued trust and confidence. We wish you

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After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!  

In South Bethany, 4 properties went under contract during the month and 3 of these properties were on the market for less than 40 days! As the chart illustrates, year-to-date market activity has been firm when compared to 2017. While total sales are down some, properties are going under contract more than a month quicker than a year ago, prices are up, and higher-end sales have nearly doubled.

South Bethany Real Estate 2018 Fall Market Update

These are encouraging trends for property owners and over-all, we are very optimistic about the South Bethany market as we head into 2019!

This Thanksgiving

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After a late Spring and Summer slow-down, the Ocean View Real Estate market experienced a nice rebound this fall.  There was a significant 54% rise in sales during the months of September and October when compared to 2017. Buyers benefited from a nice jump in September inventory!

As the chart illustrates, the market is trending in a positive direction when compared to last year. Additionally, properties are going under contract more quickly (109 average days to contract vs. 134 last year).

Ocean View Delaware Real Estate 2018 Fall Market Update

 

New construction single family home sales are fueling Ocean View's increase. Existing single family and townhome sales match 2017 while new construction homes have more than doubled (80 through October versus 56 during this same time last year).  These

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After a late summer slow down, the Bethany-Fenwick market experienced a significant rise in sales during October when compared to 2017. In Fenwick Island alone, 4 properties went under contract versus 2 last year.

Buyers benefited from a nice jump in September inventory and we were fortunate to represent the seller of the only single family home sale in Fenwick during the month. This property went under contract in less than 2 weeks!  

Fenwick Island Real Estate 2018 Fall Market Update

As the chart illustrates, year-to-date sales been slow when compared to 2017, but this does not tell the whole story. Properties are going under contract more than 2 months quicker than a year ago and the higher-end market is strong. These are encouraging trends and over-all, we are optimistic about the market as we

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