We hope you are having a wonderful summer! It is hard to believe we are already nearing the end of August!

While total sales are down year-to-date in the Bethany-Fenwick area, the real estate market remains firm. In fact, the median price of single family homes is up 10% and 17% for condo/townhomes when compared to sales in the first 7 months of last year. The median days to contract is just 7 days and while there has been a slight rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please give us a call.

 *Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in zip codes 19930 and 19944. May not reflect all market activity .

On June 24, 2022, the Fenwick Island town council unanimously voted to reinstate the two-year moratorium on new hotel construction which was set to expire on July 24, 2022.  The ban was initially implemented in 2016 following strong community opposition to an ordinance change allowing the expansion of the former Sands Motel from 38 rooms to 65 rooms.  The extension will be in effect through July 2024 and will allow time for studies on the long-term impacts of new hotel construction to the town.

For more information, please click here.

The bill to decrease Delaware’s realty transfer tax by 1%, HB 358, was released from the House Administration Committee on Wednesday, June 22, 2022.  The bill is now assigned to the House Appropriations Committee. This is a very positive first step, which involves additional measures as part of the state legislative review process before coming up for a full vote in the Senate. It is promising that the bill has progressed to this point, and we are hopeful that it will eventually receive full approval and passage.

To view additional information, please click here.

Source: www.townofbethanybeach.com

Following a 2-year break due to the pandemic, the Bethany Beach 4th of July parade will take place on Monday, July 4th, 2022.  This year's theme is "Timeless Bethany". 

No pre-registration is needed. Float registration begins at 9:00 am and the parade will commence at 12 noon.

Click here for additional information or visit the town's website: https://www.townofbethanybeach.com/273/Fourth-of-July

The kick-off to summer has arrived and we have enjoyed summer-like temperatures and many bright sunny days over the last few weeks! Through May, sales were slower for real estate as 18 properties went under contract in Bear Trap compared to 26 during the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time.  If you have any questions related to real estate, we are here for you. Please call Bear Trap Expert, Gail Phelan: (302) 233-4909.

The Leslie Kopp Group of Long & Foster Real Estate, has been named as one of the top real estate teams in the nation, according to the 2022 REAL Trends’ The Thousand list for 2021 sales volume in the medium teams category. The industry news organization recognizes the country’s highest producing teams and individual agents by sales volume and transaction sides in its annual list.

Source: 2022 RealTrends The Thousand

The kick-off to summer has arrived and we have enjoyed summer-like temperatures and many bright sunny days over the last few weeks! The month of May was slow for real estate as just 16 properties went under contract in Ocean View, compared to 49 at the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time. If you have any questions related to real estate, we are here for you. Please give us a call, (302) 541-5207.

The kick-off to summer has arrived and we have enjoyed seeing so many visitors over the last few weeks! The month of May was slower for real estate as 7 properties went under contract in Sea Colony compared to 12 at the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time. If you have any questions related to real estate, we are here for you. Please call Sea Colony Experts, Gail Phelan (302) 233-4909 and Chris Housman (302) 853-0192.

The kick-off to summer has arrived and we have enjoyed seeing so many visitors over the last few weeks! The month of May was slow for real estate as just 21 properties went under contract in the Bethany-Fenwick area, compared to 41 at the same time last year.

While we are certainly experiencing a slow down in market activity, real estate remains a strong investment with appreciation over time. If you have any questions related to real estate, we are here for you. Please give us a call, (302) 541-5207.

The Delaware Office of Tourism has launched a campaign to promote new beach attractions in Southern Delaware's coastal resorts.  The focus of the initiative is to highlight businesses that have risen to the challenge to expand or start new ventures in response to strong demand following the pandemic.

Please click here for more information about the featured businesses.