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For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices.

This trend has continued and as of August 1, there were 2 properties for sale in Bear Trap versus 1 last year at this time and 12 in 2019. There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days!  

As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how long these conditions will last.  Please give our Bear Trap expert Gail Phelan a call if we can offer you any guidance: (302) 233-4909.

 

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For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices.

This trend has continued and as of August 1, there were 45 properties for sale in Ocean View versus 97 one year ago and 185 in 2019. There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days! 

 

As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how long these conditions will last.  If you are considering a sale or looking to purchase, please give us a call.

 

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For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices. This trend has continued and as of August 1, there were 6 properties for sale in Sea Colony versus 8 one year ago and 51 in 2019. There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days!  

 

As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how long these conditions will last. If you are considering a sale or looking to purchase, please call our Sea Colony Experts: Gail Phelan 302-233-4909 or Despina Kaneles 302-236-2428.

 

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For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices. This trend has continued and as of August 1, there were 35 properties for sale in the Bethany-Fenwick area versus 101 at this time last year.

In the month of July, 37 properties went under contract (versus 67 in July of 2020). During the month, 38 new properties were listed for sale (versus 59 new listings in July of 2020). There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days! 

 

As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how

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Twice a year, we calculate and share absorption rates with you and hope that it puts the current market into perspective when compared to recent years. There is no question that we are currently in the strongest seller’s market on record.

Absorption rates tell us if we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels.   A balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. All areas currently have only 1 month of  inventory for sale!    

If you are considering a sale or looking to purchase, please call our Sea Colony Experts: Gail Phelan 302-233-4909 or Despina Kaneles 302-236-2428.

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Twice a year, we calculate and share absorption rates with you and hope that it puts the current market into perspective when compared to recent years. There is no question that we are currently in the strongest seller’s market on record.

 

 

 

 

 

 

 

 

 

 

 

Absorption rates tell us if we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels.   A balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. There is currently less than 1 month of inventory for sale!

If you are considering a sale or looking to purchase, please give us a call.

 

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Twice a year, we calculate and share absorption rates with you and hope that it puts the current market into perspective when compared to recent years. There is no question that we are currently in the strongest seller’s market on record.

Absorption rates tell us if we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels.   A balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. All areas currently have only 1 month of inventory for sale!   

 

If you are considering a sale or looking to purchase, please give us a call.

*Data was derived from the Sussex County MLS. Includes contracts on properties in

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 REAL Trends’ The Thousand list ranked Bethany Beach-based Leslie Kopp Group 12th in the Nation.

he Leslie Kopp Group Ranked 12th in the Nation 

BETHANY BEACH, Del., June 17, 2021 – The Leslie Kopp Group, of Long & Foster Real Estate, has been named as one of the top real estate teams in the nation. The Bethany Beach, Delaware-based group, led by Leslie Kopp ranked 12th nationwide based on its 2020 sales volume in the medium teams category, according to the annual REAL Trends’ The Thousand list.

“We are honored to be recognized as one of the top real estate groups in the country, and we worked harder than ever in 2020 to achieve this level of success, especially with the added challenges that we faced with Covid.” Kopp said. “This ranking is reflective of our commitment to excellence and

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Last month, we communicated to you that the real estate market remained exceptionally strong for Sellers with escalating prices and minimal competition.  We are into May and this trend has now continued for 12 straight months!

Sales-to-date, are up 43% compared to 2020 (149 vs. 104).  It is important to remember that at this time last year, strict stay-at-home orders were just beginning to lift and we were adjusting to the way we would live and work through a pandemic. 

The chart provided compares the 2021 market to a more “normal” 2019 which we hope puts the current real estate environment into appropriate perspective.  All key market statistics are moving in an extremely positive direction.  We would love to help you maximize your results! 

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So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

Bethany Beach median sales price

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom. The median sale price of condo/townhome properties sold to-date in 2021 is up 26% over 2019.  Prices of single family home properties are up 55% compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last… what we know for certain is that Spring is upon us and NOW is an opportune time!  If

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