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

During the first quarter of 2025, the Ocean View real estate market was softer when compared to 2024. Total sales were down 33% (53 vs 79) during the first quarter. Inventory is growing and properties took 2 months, on average, to go under contract. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss the market in detail.

Please give us a call if you would

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

During the first quarter of 2025, the Sea Colony real estate market was softer when compared to 2024. Total sales were down 52% (11 vs 23) during the first quarter. Inventory is growing and properties took nearly 2 months longer, on average, to go under contract when compared to the same time last year. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss the market

*Data was derived from the Sussex County MLS. Includes properties sold in North Bethany, Bethany Beach, South Bethany & Fenwick Island.
May not reflect all activity in the marketplace.

During the first quarter of 2025, the Bethany-Fenwick real estate market was softer when compared to 2024. Total sales were down 12% (60 vs 68) during the first 3 months when compared to last year. Inventory is growing and properties took 3 weeks longer, on average, to go under contract when compared to the same time last year. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment.

Please give us a

Credit to: CoastTV, Torie Seagraves

DelDOT.gov

DelDOT is rolling out speed limit changes along Coastal Highway from Dewey Beach to the Delaware/Maryland state line, with the first changes already in effect between Dewey Beach and Fred Hudson Road as of April 21. Additional signs will be updated Tuesday. DelDOT says the changes "were primarily prompted by concerns about speeding from the local communities and the Coalition for a Safer North Bethany due to a rising number of crashes involving pedestrians and bicyclists."

Speed limits are being reduced in multiple areas, depending on direction and location. Here's a breakdown of the changes:

• Southbound from Dewey Beach to about Conquest Road
  • 55 mph changes to 35 mph
  • 55 mph changes

Credit to: Coastal Point, Kerin Magill

Parking in Fenwick Island — particularly for employees of businesses in the town — was the focus of a presentation by Mayor Natalie Magdeburger at the Friday, April 5, Fenwick Island Town Council meeting.

Magdeburger’s report was part of an ongoing effort to solve summer parking issues — particularly for numerous restaurants during the busy dinner hours.

The Town’s Business Concerns Committee had asked the council to consider selling half-price parking passes to businesses for their employees to use between 4 and 10 p.m. in permit-parking areas of town.

Following discussion at previous council meetings and Business Concerns Committee meetings, Magdeburger said she had done an informal survey of

Credit to: Coastal Point

The Office of Animal Welfare (OAW) is partnering with DocuPet, an online pet registration provider, to open their new and modernized dog licensing and complimentary HomeSafe 24/7 lost pet service to Delaware dog owners. The platform is intended to offer a more convenient and accessible way for owners to register their pets, with the added benefit of keeping lost dogs out of shelters and helping return them home safely, officials said.

Owners who license their dogs on the DocuPet platform will receive their assigned tag with a unique code that links directly to a dog’s secure online profile. Anyone who finds a lost pet can reference the code, which will be able to create a Found Pet Report in seconds. Owners can also

Credit to: Coastal Point, Susan Canfora

The Bethany Beach Town Council, by unanimous vote at the Friday, March 21, council meeting, passed the Town’s 2026-fiscal-year budget, with no increase in the property tax rate of $2.07 per $100 of assessed property value, but with a hike in the summer-season parking fee, to $4 per hour.

The increase, Assistant Town Manager Teresa Tieman told the council, was necessary to “add to our reserves to allow summer revenues to pay the Town’s expenses, so residents can still have free concerts.”

“I think we did the right thing,” Mayor Ron Calef later told the Coastal Point about the increase. “Unfortunately, as costs go up, we’re trying to balance it so our residents and the businesses are not footing all the

March has arrived and after a winter with multiple snow storms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Bayside had a slightly slower start to the year for real estate activity. Through the first two months of 2025, 9 properties went under contract, which is down 10% compared to last year and sales volume in dollars (based on list price) down 11%. Properties sold more quickly and the average sale price was down 7%.   There has been a notable increase in available inventory, which is something we will continue to monitor.

As always, if we can help you with your real estate goals or needs, please call our Bayside homeowners and experts:

Kiki Hargrove                    Wayne Lyons

March has arrived and after a winter with multiple snow storms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Ocean View had a strong start to the year for real estate activity. Through the first two months of 2025, 56 properties went under contract, which is up 12% compared to last year and sales volume in dollars (based on list price) was up 11%. Properties sold more quickly and the average sale price was up 13%. There has been a notable increase in available inventory, which is something we will continue to monitor.

As always, if we can help you with your real estate goals or needs, please reach out: (302) 541-5207

Credit to: Coast TV, Kevin Zipay

Taxes fluctuate almost every year, and Delaware is no exception. This year, the state has implemented a 4.5 percent tax on all short-term rentals. In response, the Fenwick Island Budget and Finance Committee is evaluating potential changes to its own rental tax policies. Currently, short-term rental properties in Fenwick Island are taxed at a higher rate than hotels. When combined with the new state tax, short-term rentals are now subject to a total tax rate of 12.5 percent, while hotels pay only 11.5 percent.

With summer approaching, vacationers will soon flock to Fenwick Island, filling hotels and rental properties along the coast. Among them will be Bruce Bogdanski, who plans to book a