This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, all areas were still in a seller’s market, but clearly the market had started to shift. We continue to stay just under a balanced market due to limited inventory and it remains an excellent time to be a Seller!      

If you would like to discuss the market in more detail as it relates to your property, please give us a

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, just 1 property went under contract in Bear Trap. This compares to 2 at the same time last year and 3 in May of 2021.  Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please call our Bear Trap expert, Gail Phelan (302) 233-4909

Data was derived from the Sussex County MLS.  Includes residential properties sold in Bear Trap Dunes.  May not reflect all activity in the marketplace.

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 30 properties went under contract in Ocean View. This compares to 17 at the same time last year and 49 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call. (302) 541-5207

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

Bryan Scar

We hope that you have an opportunity to enjoy the festivities planned to celebrate America the Beautiful!  The town of Bethany Beach will host a parade through downtown at 12pm on July 4th and a concert on the Bandstand at 7:30pm. Fireworks have been postponed to September 3rd due to the beach replenishment project, but our neighbors in Rehoboth Beach and Ocean City will have fireworks. The town of Rehoboth Beach will have fireworks on Sunday, July 2nd at approximately 9:30pm.  The town of Ocean City, Maryland has both uptown (Northside Park at 125th Street) and downtown (Boardwalk and Caroline St) fireworks at approximately 9:30pm on Tuesday, July 4th.  

If you are vacationing in the area this summer and wish to get a feel for the

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 4 properties went under contract in the community of Bayside. This compares to 6 at the same time last year and 7 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a pecific property, please call our Bayside experts:
Kiki Hargrove (302) 569-2959    Wayne Lyons (302) 858-7347

Data was derived from the Sussex County MLS.  Includes reidential property (not new construction) sales in Bayside.  May not reflect all activity in the marketplace.

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 4 properties went under contract in Sea Colony. This compares to 7 at the same time last year and 12 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call.
Gail Phelan (302) 233-4909      Chris housman (302) 853-0192

Data was derived from the Sussex County MLS.  Includes residential properties sold in Sea Colony.  May not reflect all activity in the marketplace.

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 20 properties went under contract in the Bethany-Fenwick area. This compares to 21 at the same time last year and 41 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call. 

Data was derived from the Sussex County MLS.  Includes residential properties sold in zip codes 19930 and 19944.  May not reflect all activity in the marketplace.

The Natural Gas Conversion in the amenity-rich community of The Bear Trap Dunes is underway and moving swiftly towards final completion.   Powered by Chesapeake Utilities, section 5 of the golf community will be finalized shortly, while a total of 475 homes have already been successfully converted to Natural Gas.  Section 6, the next and last phase, is set to begin next Monday, June 19th.  The Bear Trap Dunes natural gas conversion should be fully completed by the middle of summer.

According to representatives of Chesapeake, "Beebe Healthcare's South Coastal Emergency Department and Cancer Center have had natural gas service since 2019," before the facility have even opened.  Thanks to Beebe and state funding, Chesapeake was able to expand to the

We are happy to announce that the Bethany Beach Farmers' Market is officially open!  Whether you're looking for a fun activity before the beach, or stocking up on some farm-to-table goods for the week, the Bethany Beach Farmers' Market will not disappoint.  The crew at BBFM has confirmed a count of 13 vendors this year, ranging from oysters and clams, to peaches and blueberries, to soaps and shea butter.  Aside from the plethora of inventory, the cheerful and knowledgeable growers are what make these summer Sundays in Bethany Beach so special.

Located on the corner of Garfield Pkwy and Pennsylvania Ave in Bethany Beach
Sundays 8am-12pm

Bethany Beach Farmers' Market Website

Happy Spring! As we look back on the first 4 months of the year, there was certainly some slowing in sales in Sea Colony (specifically on the East) when compared to 2022. However, the good news is that there is currently a high level of activity ahead of the upcoming summer season.

As the chart illustrates, values are up on both the East and West when compared to the same time period last year. While inventory has risen slightly with 9 properties for sale, it is still far below pre-pandemic levels when it was common to have 60 to 70 properties available for sale in Sea Colony. During the month of April, we listed a number of homes that went under contract within just a few short days and the majority of these listing had multiple offers.   

As