Delaware Beach Real Estate Blog

STRONGEST SELLER’S MARKET ON RECORD

Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January of 2021, 36 properties went under contract in the Bethany-Fenwick area.  This is up 50% over 24 in January of 2020.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our communications over the last 8 months, it should be no surprise that we are clearly in a seller’s market.  However, to put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate.

The chart provided compares the supply of inventory at the beach on January 1 versus the same date in previous years.  In general, 7…

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STRONGEST SELLER’S MARKET ON RECORD IN SEA COLONY

Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January, 7 properties went under contract in Sea Colony.  This is up 40% over 5 in January of 2020 and it would be much higher if there was more inventory available.  There are currently 5 listings in the East and zero on the West!

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our recent communications, it should be no surprise that we are clearly in a seller’s market. To put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate. The chart…

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STRONGEST SELLER’S MARKET ON RECORD IN OCEAN VIEW

Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January, 40 properties went under contract in Ocean View.  This is up 67% over 24 in January of 2020 and it would be much higher if there was more inventory available.  There are currently 24 properties for sale in Ocean View.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our recent communications, it should be no surprise that we are clearly in a seller’s market. To put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate. The chart…

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STRONGEST SELLER’S MARKET ON RECORD IN BEAR TRAP

Typically, January brings some slow down in real estate activity when compared with our warm summer months, but we are experiencing a time like never before at the beach. In fact, in January, 6 properties went under contract in Bear Trap.  This is up 100% over 3 in January of 2020 and it would be much higher if there was more inventory available.  There are currently zero listings for sale in Bear Trap Dunes!

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our recent communications, it should be no surprise that we are clearly in a seller’s market. To put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate. The chart…

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Bethany Beach Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 73%, year-over-year! There are currently 23 properties for sale in Bethany Beach versus 85 at this time last year.

We feel very fortunate to have participated in 30% of sales in the Bethany-Fenwick market during 2020, representing the buyer, seller or both parties. We are extremely grateful for your continued loyalty…

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South Bethany Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 64%, year-over-year! There are currently 4 properties for sale in South Bethany versus 11 at this time last year.

We feel very fortunate to have participated in 41% of sales in South Bethany during 2020, representing the buyer, seller or both parties.  We are extremely grateful for your continued loyalty and wish you…

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North Bethany Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 74%, year-over-year! There are currently 5 properties for sale in North Bethany versus 19 at this time last year.

We feel very fortunate to have participated in 52% of sales in 2020 in North Bethany, representing the buyer, seller or both parties.  We are extremely grateful for your continued loyalty and wish you and…

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Fenwick Island Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 46%, year-over-year!  There are currently 19 properties for sale in Fenwick Island versus 35 at this time last year.

We feel very fortunate to have participated in 30% of sales in the Bethany-Fenwick market during 2020, representing the buyer, seller or both parties.  We are extremely grateful for your continued…

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Sea Colony East Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 67%, year-over-year! There are currently 6 properties for sale in Sea Colony East versus 18 at this time last year.

We feel very fortunate to have participated in 33% of sales in Sea Colony East during 2020, representing the buyer, seller or both parties. We are extremely grateful for your continued loyalty and wish…

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Sea Colony West Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 67%, year-over-year!  There is currently 1 property for sale in Sea Colony West versus 11 at this time last year.

We feel very fortunate to have participated in nearly 30% of sales in Sea Colony during 2020, representing the buyer, seller or both parties. We are extremely grateful for your continued loyalty and wish…

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