Delaware Beach Real Estate Blog

Happy New Year! As we reflect on 2022, you might recall that the surge in real estate activity we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the second half of the year. However, rising interest rates coupled with the continuation of extremely low inventory contributed to a slowdown in both sales and appreciation later in the year.  While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead!

In 2022, we were fortunate to participate in 49% of sales in North Bethany, representing the buyer, seller or both parties. If you are considering a sale or looking to

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Happy New Year! As we reflect on 2022, you might recall that the surge in real estate activity we felt in 2020 and 2021 carried into the first quarter of 2022 and then slowed in the second quarter. There was moderate activity in the second half of the year. However, rising interest rates coupled with the continuation of low inventory contributed to a slowdown in both sales and appreciation later in the year. While there is still plenty of uncertainty about what the state of the economy means for real estate in the short term, we are enthusiastic about the year ahead!

In 2022, we were fortunate to participate in 30% of sales in the Bethany-Fenwick area, representing the buyer, seller or both parties. If you are considering a sale or looking to

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The South Bethany Town Council has allocated $50,000 in funding for the removal of algae blooms from the town’s canals. The proposed cleanup project would take place in April and May of 2023 by the Delaware Department of Natural Resources and Environmental Control (DNREC). However, if DNREC is unable to complete the work, then the back-up plan is to negotiate a contract with Solitude Lake Management. The Town's Public Works Department would also provide resources to assist with the project. The algae blooms would be relocated to a state park such as the Salt Pond or Fresh Pond near the Fred Hudson Road, subject to DNREC approval.

For additional information, please view the full Coastal Point article here.

 

 

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The Delaware Department of Natural Resources and Environmental Control (DNREC) recently announced a $4.685 million project to dredge the main channel of White Creek and a short stretch of the Assawoman Canal northwest of Bethany Beach.  The DNREC project will remove approximately 70,000 cubic yards of sediment, which has built up over the years, to improve boating safety and navigation along the waterways. The sediment that is removed will be recycled and used to restore the salt marsh in the Assawoman Wildlife Area.

Work will begin in January 2023 and is expected to be completed by March 31, 2023.

For further information, please click here. 

 

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The 2023 Leo Brady New Year's Day Plunge will be held in Bethany Beach on Sunday, January 1st, 2023 at 12 noon and will benefit the William O. Murray Scholarship Fund.

On-site registration will be held on Saturday, December 31st at the Bethany Boathouse, or participants may preregister online through December 27th 2022 at https://bethanyfenwick.chambermaster.com/eventregistration/register/24189.

Please visit the event website for all the details!

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The Quite Resorts will celebrate the 2023 Fire & Ice Festival on January 27th through January 29th in the southern Delaware towns of Bethany Beach, Ocean View and Millville. The 6th annual festival will feature movie-themed ice sculptures in downtown Bethany Beach, bonfires, live music, fireworks, a chili cook-off and a tasting tour. These are just a few of the fun activities to be enjoyed throughout the weekend.  For further information and details, please click here.

Photo credit: https://fireandicede.com/

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For the last few months, we have shared with you that the real estate market has been slowing, but as the graph illustrates, both single family homes and condo/townhome properties in Ocean View continued to appreciate in value during 2022.

If you are considering a sale, we welcome a conversation to strategize about how to ensure the very best results in this shifting market: (302) 541-5207.  

During this time of Thanksgiving, we are grateful for your continued confidence in our group. We all wish you and your loved ones a healthy and joyful holiday!

 

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

 

 

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For the last few months, we have shared with you that the real estate market has been slowing at the beach, but as the graph illustrates, Bear Trap property values continued to appreciate during 2022.

If you are considering a purchase or a sale, we welcome a conversation to strategize about how to ensure the best results in this shifting market! Please call Bear Trap Specialist Gail Phelan (302) 233-4909.

During this time of Thanksgiving, we are grateful for your continued confidence in our group. We all wish you and your loved ones a healthy and joyful holiday!

 

*Data was derived from the Sussex County MLS. Includes properties sold in Bear Trap Dunes and Ocean View, DE. May not reflect all activity in the marketplace.

 

 

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The Delaware Department of Transportation (DelDOT) conducted a public meeting on October 26, 2022 to address pedestrian and bicyclist safety concerns along Coastal Highway in North Bethany.  The results of a recent DelDOT traffic study were presented and representatives from the "Coalition for a Safer North Bethany Beach" were given the opportunity to voice their concerns particularly, the posted speed limit of 55 mph.

Several short-term strategies under consideration include improving signage, increasing site-distance by removing overgrown vegetation, installing flashing beacons, and improving road crossings and lighting.  Additional longer-term ideas were presented such as creating buffers between travel lanes and the road shoulder, installing

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For the last few months, we have shared with you that the real estate market has been slowing at the beach, but as the graph illustrates, Sea Colony property values continued to appreciate during 2022.

If you are considering purchasing or selling, we welcome a conversation to strategize about how to ensure the best results in this shifting market! Please call Sea Colony Specialists Gail Phelan (302) 233-4909 and Chris Housman (302) 853-0192.

During this time of Thanksgiving, we are grateful for your continued confidence in our group. We all wish you and your loved ones a healthy and joyful holiday!

 

*Data was derived from the Sussex County MLS. Includes properties sold in Sea Colony, Bethany Beach. May not reflect all activity in the

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