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Found 9 entries for July, 2023.

Bethany Beach is a favored summer vacation destination among tourists and a highly sought-after location for real estate investment. As such, it is essential for buyers and sellers in this region to be aware of the current real estate market trends. With realtors on hand to assist in navigating the area's market, those looking to buy or sell real estate in Bethany Beach make informed decisions and achieve desired results.

bethany beach real estate market

Real Estate in Bethany Beach: Are You Buying or Selling?

Buyers in the Bethany Beach real estate market have been presented with several trends in recent months. One such trend is the growing popularity of luxury condos. These properties offer homebuyers the convenience of low-maintenance living with access to resort-style

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Bethany Beach, Delaware, is known for its pristine beaches, charming boardwalk, and relaxed pace of life. For those looking to invest in a vacation home or rental property, Bethany Beach real estate is a smart choice. With a wide variety of Bethany Beach condos for sale as well as luxury single family homes, beach cottages and affordable town houses, there is something for everyone in this idyllic coastal town.

bethany beach real estate

Why Invest in Bethany Beach Real Estate? 

One of the main advantages of investing in Bethany Beach real estate is the location. Bethany Beach is just a short drive from major metropolitan areas, including Washington D.C., Philadelphia, and Baltimore. This proximity makes it easy to escape to the beach for a weekend getaway or extended

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This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.   Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, there was less than 1 month of inventory for both single family and condo/townhome property types in Bear Trap.   We continue to stay under a balanced market due to deficient inventory.

If you would like to discuss the market in more detail, please call our Bear Trap Specialist Gail Phelan (302) 233-4909.

 

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This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, there was less than 2 months of inventory for both Single Family homes and Condo/Townhomes, but clearly the market was starting to shift direction. We continue to stay well under a balanced market due to extremely deficient inventory. 

If you would like to discuss the market in more detail, please give us a call: (302)

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This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, both Sea Colony East and West both only had 1 month of inventory, but clearly the market had started to shift direction. We continue to stay well under a balanced market due to extremely deficient inventory and it remains an excellent time to be a Seller!

If you would like to discuss the market in more detail, please

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The waterfront golf community of  Bayside, located just West of Fenwick Island, is one of our most treasured communities at the beach. After being sold out of new construction opportunities for over a year, Schell Brothers has announced the release of the final section, Coastal Crossing.  If you have been longing to build new-construction in Bayside, there are several models Schell Brothers are offering at Coastal Crossing, including 7 unique single-family-home models, as well as a new twin townhome model.  

Two of our Leslie Kopp Group agents, Wayne Lyons and Kiki Hargrove own homes in this special community, preparing them unmatched knowledge of the amenity-rich community.  Located just outside of Fenwick Island on the Assawoman Bay, Bayside is the

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This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, all areas were still in a seller’s market, but clearly the market had started to shift. We continue to stay just under a balanced market due to limited inventory and it remains an excellent time to be a Seller!      

If you would like to discuss the market in more detail as it relates to your property, please give us a

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The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, just 1 property went under contract in Bear Trap. This compares to 2 at the same time last year and 3 in May of 2021.  Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please call our Bear Trap expert, Gail Phelan (302) 233-4909

Data was derived from the Sussex County MLS.  Includes residential properties sold in Bear Trap Dunes.  May not reflect all activity in the marketplace.

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The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 30 properties went under contract in Ocean View. This compares to 17 at the same time last year and 49 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call. (302) 541-5207

Data was derived from the Sussex County MLS.  Includes residential properties sold in Ocean View.  May not reflect all activity in the marketplace.

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