Delaware Beach Real Estate Blog - Leslie Kopp

Continuation of a Seller’s Market in Bear Trap Dunes

This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. 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. At this time, Bear Trap continues to be well under a balanced market, staying in a seller’s market due to good buyer activity and at the present time, zero inventory of properties available for sale.

If you would like to discuss the market in more detail as a buyer or a seller, please call our Bear Trap Specialist.

Gail Phelan
(302)…

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Continuation of a Seller’s Market in Ocean View

This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. 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 inventory is growing Ocean View continues to be well under a balanced market, staying in a seller’s Market due to good buyer activity.

If you would like to discuss the market in more detail as a buyer or a seller, please give us a call.

(302) 541-5207

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Continuation of a Seller’s Market in Sea Colony

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 while more would be a buyer’s market and less a seller’s market. Both Sea Colony East and West continue to stay well under a balanced market due to good buyer activity. While inventory is growing (especially on the East), it remains a seller’s market.

If you would like to discuss the market in more detail as a buyer or a seller, please call our Sea Colony Specialists.

Gail Phelan              …

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Shifting Market at the Beach

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 while more would be a buyer’s market and less a seller’s market. The market is clearly shifting as all areas moved in a favorable direction for buyers. We continue to stay in a seller’s market from North Bethany to South Bethany, but growing inventory in Fenwick Island has shifted that area into a buyer’s market.        

If you would like to discuss the market in more detail as a buyer or a seller,…

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Possibility of 24/7 Emergency Animal Care coming to Georgetown

Credit to: Bay to Bay News, Glenn Rolfe

A potential homecoming could bring emergency round-the-clock animal care to pet owners.

Veterinarian Dr. Daphne Clendaniel, currently with the Blue Pearl Pet Hospital in Pennsylvania, is seeking to start her own practice with an office hospital base in the Georgetown Professional Center on Old Laurel Road.

Georgetown Town Council on Monday held a public hearing on the requested amendment and conditional-use application by SPG Development LLC.

SPG LLC’s requested amendment to Georgetown Professional/Medical Center Phase 3 is to the conditional use, which was granted on June 13, 2022, according to town manager Eugene Dvornick.

“The original conditional use was for professional offices. And in the…

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New Pedestrian Walkway along Collins St in Bethany

Credit to: Coastal Point, Sam Sandler

A new pedestrian pathway was recently constructed in Bethany Beach along Collins Street, a portion of Kent Avenue and Wellington Parkway. While the project took approximately three months to be completed, many years of Bethany Beach Town Council discussions and subsequent planning were required to bring this new passageway for pedestrians and cyclists to life.

Bethany Beach Town Council Member Mickey Hinman is a strong advocate of the recently completed project, and he says this is just one of many steps he and other members of the town council hope will improve overall pedestrian safety in Bethany.

The recent improvements to the corridor allow cyclists and pedestrians to be separated from traffic, which…

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32nd Annual Beach & Bay Cottage Tour

We are thrilled to announce that The Leslie Kopp Group is once again the Presenting Sponsor of the Annual Beach & Bay Cottage Tour, now in its 32nd year! This year's event offers the opportunity to experience the tour both in-person and virtually.

Photo courtesy of Beach & Bay Cottage Tour

By purchasing a Virtual Only ticket for $35, you can explore all 10 homes on the tour from the comfort of your own home. When you purchase an In-Person ticket $50, the Combo Ticket grants you access to visit 6 pre-selected homes in-person, as well as virtual access to every single home. Virtual tours will be available from Sunday, July 14th to Sunday, August 4th, while in-person tours will take place on Wednesday, July 24th & Thursday, July 25th.

Tickets are…

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Local Fourth of July Fun

Credit to: Bryan Scar

With Independence Day quickly approaching, there is no better time than now to make your plans for the Holiday week and weekend!  Whether you are in search of a classic display of fireworks or enjoying a live music performance, there are plenty of family-friendly activities in Bethany Beach and the surrounding areas for all to enjoy the celebratory weekend.  Check out the event schedules below ranging from Lewes to Berlin:

Credit to: Coastal Point, Faith Givens

Bethany Beach:

Delaware Today

On July 4, the Bethany Beach Parade begins at noon. No pre-registration is needed, however, if you would like to participate, go to Bethany Beach’s website for more information. 

The 1974 will be performing at the bandstand from…

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Bear Trap Dunes Property Value Update

The summer season is upon us, and we have enjoyed seeing so many of you enjoying Bear Trap Dunes over the last few weeks! During the month of May, just 1 property went under contract in Bear Trap. This compares to 1 at the same time last year and 2 in May of 2022. While there is vulnerability in the market, the continuation of low inventory in Bear Trap has kept values elevated (currently there are no properties for sale in the community).

If you have any questions about the market in general or any specific property, please call our Bear Trap Expert:

Gail Phelan (302) 233-4909

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Bayside Property Value Update

The summer season is upon us, and we have enjoyed seeing so many of you enjoying the area over the last few weeks! During the month of May, 3 properties went under contract in the community of Bayside.   This compares to 4 properties at the same time last year, and 4 in May of 2022. There is some softening of values, particularly for single family homes where we have seen a notable rise in inventory (13 properties for sale vs. 6 at this time in 2023). However, there is still a plethora of buyers waiting for specific properties to be listed for sale, especially condos/townhomes where there are now 2 properties for sale, vs. 4 at this time last year.

If you have any questions about the market or any specific property, please call our Bayside…

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