The Leslie Kopp Group's Beach Real Estate Blog

A new year is upon us and a look at 2014 real estate activity for Sea Colony West shows us that while the total number of condo/townhome units sold were down as compared to 2013, there was a rise in median sale price and a rise in the average list-to-sale price. 

We experienced an 11% decrease in the number of condo/townhomes sold in 2014 as compared to 2013.  However, median price rose 10% and the average list-to-sale price increased by 1%.  Additionally, four single-family homes settled in 2014.  This compares to just one single-family home sale in 2013 and one in 2012. 

Sea Colony West Real Estate  Sales 2014

*This data is derived from the Delaware MLS and may not reflect all activity in the marketplace.

 

Despina was involved in 39% of all condo/ townhome sales in Sea Colony

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In November, one property went under contract in Sea Colony West. This was Despina’s listing for 56037 Pinewood Drive. In November of 2013, there were two new contract accepted for Sea Colony West.  Four condos went under contract during the month for Sea Colony East. This compares with two new contract for the same month last year.  *This data is derived from the Delaware MLS and may not reflect all activity in the marketplace.

During this holiday season, we would like to express our gratitude for your continued trust in The Leslie Kopp Group. We wish you a joyous holiday and a very happy New Year!

Leslie Kopp & Despina Kaneles

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November was another busy month for real estate activity in the Bethany-Fenwick area. The market experienced a 61% increase in the number of single family homes that went under contract with 21 new contracts this November versus 13 for the same month last year. Condo/townhome contracts were down slightly with 9 contracts accepted in November versus 10 last year.

During this holiday season, I would like to express my gratitude for your continued trust in The Leslie Kopp Group. We all wish you a joyous holiday and a very happy New Year !

Leslie Kopp

*This data is derived from the Delaware MLS and may not reflect all activity in the marketplace.

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As we pause to share our gratitude during this time of Thanksgiving, we are especially appreciative to the residents of Bethany and Fenwick.  We value your confidence in us and wish each of you a wonderful Thanksgiving holiday!

The Bethany-Fenwick market continues to trend in a positive direction, particularly for single-family homes.  In October, 20 single-family homes sold, up from 10 during the same period last year.  The average price of single-family homes sold is up from $678,023 in October of 2013 to $936,375 in October of 2014.   Year-to-date the number of homes sold is up 18 % over last year and sales volume in dollars is up 55%.

As this graph indicates, the number of days a home was on the market before going under contract this year has

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After a slower August, Fenwick Island realized significant homes sales activity with four single-family homes sold and an additional five homes put under contract in the month of September.  This is up from three sales and zero new contracts in September of 2013.  Three of the five homes that went under contract last month were listed with The Leslie Kopp Group.

As the graph indicates, sales are up 60% year-to-date and the average price of homes sold is up 20% versus 2013.  There are currently 26 single-family homes actively for sale in Fenwick.  When comparing this to the pace of recent sales, it tells us that we are still in a buyer’s market.  This is true for most transactions, but every property is unique.  A few transactions in Fenwick Island this

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September marks a very special anniversary.  Twenty-five years ago, I began a career in real estate at the beach.  In 1989, I could not have imagined that I would be where I am today and I am extremely grateful to the residents of Bethany and Fenwick for trusting me to provide you with the highest standards of real estate excellence over the last 25 years.  My group and I look forward to bringing you the “Best of Bethany Beach and Fenwick Island” long into the future! 

August was a slower month, with 8 single-family homes sold in the Bethany-Fenwick area versus 16 in August of 2013.  This is the first time since April and only the second month this year that sales did not outpace last year.  Year-to-date, the number of single-family homes sold is up

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There is nothing comparable to Sea Colony!  On the east side, a half mile of oceanfront is host to 9 condo buildings, plenty of outdoor pools, an indoor pool/fitness area, outdoor tennis & basketball courts, a playground, and a very wide & well-kept private beach (you must have either an owner’s ID or guest badge to enter). 

Across the highway (just 2 lanes on each side) begins Sea Colony West.  You can see the evolution of the 2nd home market and prosperity of buyers through the years.  Smaller villas become 2 story townhomes w/garage.  Wrap-around screened porches are later incorporated into building designs.    The West has a nationally recognized Tennis Center with programs for all ages and sponsored USTA competitions.  Years ago, people who didn’t

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