The Leslie Kopp Group's Beach Real Estate Blog

The Federal Housing Finance Agency (FHFA) has announced the 2018 Conventional Loan limits.

 For Sussex County, DE, the new loan limit is going from $ 424,100 to $ 453,100. 

 Loans with the new limits may close on or after 12/11/17. 

Search for your new home in Delaware:  http://www.bestofbethany.com/idx/search_form.html

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Year-to-date, 2017 has been exceptional for property owners! As the snapshot below illustrates, the Bethany Beach and Fenwick Island market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators.

Bethany Beach Real Estate Sales Statistics November 2017


We did experience some slowdown in sales at the beach in late September that continued into October for both single family and condo/townhomes. Limited inventory is a big contributing factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.

We would like to wish you and your loved ones a safe and joyful Thanksgiving!

Leslie Kopp

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Year-to-date, 2017 has been exceptional for property owners in Bear Trap Dunes! As the snapshot illustrates, the Bear Trap market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators.

Bear Trap Dunes Real Estate Statistics November 2017

While Bear Trap Sales were up (6 versus 4 in 2016) for October, we did experience some slowing in the greater Bethany-Ocean View area in late September that continued into October. Limited inventory is a big factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.      

We are grateful to you always and together with our Bear Trap Specialists,

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Year-to-date, 2017 has been exceptional for property owners! As the snapshot illustrates, the Ocean View real estate market is trending in a favorable direction when compared to the first 10 months of 2016. Prices are flat and all other major indicators show a strengthening market.

Ocean View Delaware Real Estate Sales through October 2017

We did experience some slowdown in sales at the beach in late September that continued into October for both single family and condo/townhomes. Limited inventory is a big contributing factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.


We are grateful to you always and would like to wish you and your

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Our favorite time of year is upon us! Warm ocean breezes and light traffic make for ideal Autumn conditions at the beach. We hope you are able to enjoy some quality time on the Delaware Coast in the coming weeks.

Early in 2017, we communicated to you that real estate sales were at levels we had not experienced in the last 10 years and all signs pointed to the continuation of a strengthening market. Now that the busy summer season has ended, we can report with confidence that this trend has endured.
Bethany Beach Real Estate Sales Up


In fact, there were year-over-year gains in new contracts for 11 of the last 12 months. This is the longest period of positive upward movement that we have experienced in more than a decade. In the Bethany-Fenwick area, 48 properties sold in the month of

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We are more than half way through the year and buyer activity has remained strong as sales continue to outpace new listings. In Bethany Beach, 12 single family homes and 18 condo/townhomes went under contract in July. This compares to 9 and 20, respectively, in 2016.

As the chart illustrates, from January through July, single family home sales were down versus a strong 2016. This is the result of low inventory; it is not a reflection of reduced buyer demand. On August 1st, there were 64 single family homes for sale in Bethany. This is down 55% compared to one year prior when 103 homes were actively for sale!

Bethany Beach Real Estate Sales Statistics August 2017  

Importantly, higher-end sales surged as 20 properties valued at over $1 Million went under contract compared to 14 in 2016 and 5 in 2015.

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We are more than half way through the year and the beach real estate market continues to trend in a positive direction for property owners. Buyer activity has remained strong and sales continue to outpace new listings. In your community of South Bethany, single family home sales doubled in July as 6 homes went under contract compared to 3 in 2016.

 South Bethany Real Estate 2017

As the year-to-date chart illustrates, 21 single family homes went under contract from January through July. This is down 13% from 24 in 2016, but it is up 17% compared to 2015. Both the median list price of homes sold and the average days to contract improved over the previous two years.

Importantly, lots sales have more than tripled to-date compared to prior years. Limited single family inventory is

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We are more than half way through the year and overall real estate conditions continue to trend in a positive direction for property owners at the beach. Buyer activity remains strong and sales continue to outpace new listings.

Fenwick Island Real Estate 2017
As the year-to-date chart illustrates, 12 single family home sales from January through July matched activity in 2016 while sales volume in dollars is up 22%. Meanwhile, condo/townhome sales through July have doubled compared to last year ! There are currently 44 properties for sale in Fenwick Island versus 60 during this same time in 2016.

Importantly, while $1 million+ sales are relatively flat in Fenwick, there has been a significant rise in neighboring Bethany Beach with 20 properties valued at over $1 Million going under

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The numbers do not tell the whole story. We are more than half way through the year and while the MLS data tells us North Bethany has experienced some decline in sales activity compared to recent years, overall real estate conditions continue to trend in a positive direction. Buyer activity remains strong and sales continue to outpace new listings.

North Bethany Real Estate 2017 

As the year-to-date chart illustrates, new contracts on single family homes are down 27% while condo/townhome sales are flat compared to 2016. This slowdown is the result of limited inventory, not the reduction of buyer demand. There are currently 30 properties for sale in North Bethany while one year ago, 51 properties were on the market. 

It is also important to note that while $1 million+ sales in

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We are more than half way through the year and real estate sales continue to surge in Bear Trap Dunes. As the year-to date chart illustrates, new contracts on single family homes and condo/townhome are up 200% and 10% respectively when compared to January through July of last year.

Bear Trap Dunes Real Estate 2017
It is extremely positive to see upward movement in median prices for both property types. Additionally, properties are selling nearly 2 months quicker than in years past.

It is never too early to begin strategizing about a future purchase or the future sale of your home. Please call our Bear Trap Specialists to discuss the market
conditions as they relate to your individual property:   Gail Phelan 302-233-4909   |   Despina Kaneles 302-236-2428

Our group is pleased to

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