Delaware Beach Real Estate Blog - Leslie Kopp

Summer Buyer Activity Slower in South Bethany

While real estate activity in South Bethany was relatively flat through May when compared to last year, we experienced a slight slowdown in June and July. During those months, 3 properties went under contract in South Bethany, compared to 6 in June and July of last year.

As the chart illustrates, sales are down 22% year-to-date, while sales volume in dollars is down 21%. Inventory is up 50% compared to the same time last year, creating increased competition for sellers. Meanwhile, properties continue to sell quickly, with 12 days as the median days-to-contract.

So far this year, our group has participated in more than 80% of property sales in South Bethany. If we can provide you with any real estate guidance as a buyer or seller, please give us a…

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Summer Buyer Activity Slower in North Bethany

While real estate activity in North Bethany was relatively flat through this past May, we experienced an inventory deficit and a slowdown in activity this summer. In June and July, 3 properties went under contract in North Bethany, compared to 8 during the same period last year.

As the chart illustrates, total sales are down 5% year-to-date, while sales volume is down 36%.  Inventory is down 29% compared to the same time last year, and properties are staying on the market longer, with 25 days as the median days-to-contract.

So far this year, our group has participated in more than 43% of single-family home sales in North Bethany. If we can provide you with any real estate guidance as a buyer or seller, please give us a call.

Leslie Kopp     …

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Summer Buyer Activity Strong in Bethany Beach

While real estate activity in Bethany Beach was slower to start early in the year, we experienced a notable rise in activity in April, and sales have remained steady so far this summer. In June and July, 35 properties went under contract in Bethany Beach, compared to 31 during the same period last year.

As the chart illustrates, total sales in Bethany Beach are up 8% year-to-date. Single-family home sales are up 46%, while condo/townhome sales are down 17%. Inventory is somewhat lower compared to the same time last year, and properties are staying on the market longer, with 19 days as the median days-to-contract.  

So far this year, our group has participated in 30% of property sales in Bethany Beach. If we can provide you with any real estate…

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Warmer water means more jellyfish

Credit to: Coastal Point, Susan Canfora

Moon jellyfish captured by  (Mahaffie, Mike, DNREC)

More jellyfish on our beaches this summer has meant an increase in stings. But, generally, the pain doesn’t last long and can be eased by piling on sand or asking a lifeguard for antiseptic, Bethany Beach Patrol Capt. Joe Donnelly said this week — adding, with a laugh, that he doesn’t endorse the old wives’ tale of applying urine.

“No, I wouldn’t recommend that, but meat tenderizer is a good old standby,” he said.

“The water has been a lot warmer,” Donnelly explained. “They are out there. We haven’t seen them too bad in Bethany Beach. Maybe a day or two here. Dewey Beach, Rehoboth, the state parks, are getting them a lot worse. North of the inlet is…

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DNREC testing beach restoration equipment in Delaware Seashore State Park

Credit to: Coastal Point

Photo by WBOC: March 26th, 2024

DNREC officials announced on Friday, July 11, that workers will be testing important beach restoration equipment in Delaware Seashore State Park at the Indian River Inlet from July 14 through Aug. 6.  Beachgoers and swimmers are being advised to stay out of marked hazard zones on the beach and in the water. The work involves moving large volumes of sand, which can create unstable conditions and dangerous rip currents, officials warned.

This work has begun in an effort to keep ocean water from breaching the dunes and spilling onto the Indian River Inlet bridge, leaving motorists unable to continue North to Dewey Beach and Rehoboth Beach.  Twice last year, alone, we have experienced a dune…

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Shifting Market in Bayside

We are often asked if we are in a Buyer’s Market or a Seller’s Market in Bayside and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 while more would be a Buyer’s market and less a Seller’s market. The single family market continues to stay in a Seller’s Market with 10 properties for sale and 43 home sold in the last 12 months. Meanwhile inventory of condo/townhomes is growing (17 for sale and 21 sold in the last 12 months). We are now certainly in a Buyer’s Market for that property…

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Shifting Market in Bear Trap

We are often asked if we are in a Buyer’s Market or a Seller’s Market in Bear Trap and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 while more would be a Buyer’s market and less a Seller’s market. The single family market continues to stay in a Seller’s Market with no inventory for sale and 20 home sold in the last 12 months. Meanwhile inventory of condo/townhomes is growing (10 for sale and 7 sold in the last 12 months). We are now in a Buyer’s Market for that property type in…

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Shifting Market in Ocean View

We are often asked if we are in a Buyer’s Market or a Seller’s Market in Ocean View and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 while more would be a Buyer’s market and less a Seller’s market. While the condo/townhome market continues to stay in a Seller’s Market, inventory of single family homes is growing on the East and we are now in a Buyer’s Market.

If you would like to discuss the market in more detail, we are here to help. Please give us a call: 302-541-5207

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Shifting Market in Sea Colony

We are often asked if we are in a Buyer’s Market or a Seller’s Market in Sea Colony and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 while more would be a Buyer’s market and less a Seller’s market. While Sea Colony West continues to stay in a strong Seller’s Market, inventory is growing on the East and we are trending towards a Buyer’s Market.

If you would like to discuss the market in more detail, we are here to help. Please call our Sea Colony Specialists: 

Gail Phelan     …

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Seller’s Market at the Beach

We are often asked if we are in a Buyer’s Market or a Seller’s Market at the beach and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 while more would be a Buyer’s Market and less a Seller’s Market. The continuation of very limited inventory for sale has kept us in a Seller’s Market from Fenwick Island to North Bethany.        

If you would like to discuss the market in more detail, we are here to help. Please give us a call.

Leslie Kopp                            Christi…

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