Delaware Beach Real Estate Blog - Leslie Kopp

Strong Market in Bethany Beach Heading into Summer

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in sales in Bethany Beach when compared to 2022. However, there is currently a high level of activity as we head towards the upcoming summer season.

As the chart illustrates, values are up when compared to the same time period last year and while inventory is on the rise with 19 properties for sale, it is still far below pre-pandemic levels when it was common to have more than 150 properties available for sale in Bethany Beach. During the month of April, we listed a number of properties in Bethany that went under contract within just a few short days and the majority of these listing had multiple offers.    

As always, if we can offer you any real…

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Sussex County Recorder of Deeds - Voluntary Notification of Activity

Sussex County is now offering a voluntary notification system to alert property owners when their registered name has been used to record a document.   This deed fraud prevention initiative is a free service to owners.  To learn more and for a link to sign up, visit the link below! 

Sign Up!

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Coming Soon in Bethany Beach is 315 Parkwood Street: Now Active!

Located on a quiet street with no through traffic, this coastal property is the perfect spot to enjoy summer.  The open concept floor-plan, screened-in porch, and deck with private backyard create the perfect layout for entertaining at the beach.  A large bonus room on the first floor can easily be a 4th bedroom, while upstairs is the sun-filled primary bedroom with an en-suite bathroom, 2 guest bedrooms, and another full bathroom.  This charming home is only 3 blocks from the beach and walking distance to restaurants, shops, and the boardwalk.  With a deep cleaning scheduled for today and photography set for Thursday, we look forward to presenting 315 Parkwood Street as an active listing for sale in Bethany Beach on Friday, 5/5!

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Bethany-Fenwick Real Estate Market Update: April 2023

April is typically bustling with real estate activity ahead of the upcoming summer season, and this year has been no different!   So far this month, 20 properties have gone under contract in the Bethany-Fenwick area and nearly half of these properties went under contract in less than one week.
We are starting to see more opportunities with 39 listings currently for sale versus just 18 at this same time last year.  Below are a few very special properties that were recently listed for sale…. just in time for you to enjoy this summer at the beach!           

Please browse new listings below and give us a call to discuss these offerings or any others for sale: (302) 541-5207!

*Data was derived from the Sussex County MLS. Includes properties put…

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Market Conditions Remain Strong for Bear Trap Dunes Sellers in Q1

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.

As the chart illustrates, total sales were down 9% when compared to the first quarter of last year while sales volume was down 17%. The chart shows some slowing in the pace of sales with the average days-to-contract at 54 days. However, there was a noticeable increase in the pace of sales during the month of March as 4 properties went under contract in Bear Trap and the average days-to-contract was 17 days. 

If you are considering a sale or purchase, our Bear Trap Expert, Gail Phelan, has experience and market knowledge that is unmatched.   Please give her a call (302) 541-5207.

*Data was derived from the Sussex…

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Market Conditions Remain Strong for Bayside Sellers in Q1

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory .

As the chart illustrates, total sales were down 4% through the first quarter when compared to 2022 and sales volume was flat. The chart shows some slowing in the pace of sales as the average was 44 days-to-contract versus 15 days last year. The median sale price of single family homes in the first quarter was $1,300,000 vs. $910,000 in 2022 and for condo/townhome properties, $650,000 vs. $640,000.

If you are considering a sale or purchase, the experience and market knowledge of Wayne Lyons (302) 858-7347 and Kiki Hargrove (302) 569-2959 is unmatched. Please give them a call!

*Data was derived from the Sussex County…

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Market Conditions Remain Strong for Ocean View Sellers in Q1

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.

As the chart illustrates, total sales are down 30% when compared to last year while sales volume is down 26%. The chart shows some slowing in the pace of sales with the average days-to-contract at about 2 months, however, there was a noticeable increase in the pace of sales during the month of March. Property values were up 4% through the first quarter when compared to last year with the median sale price at $533K vs. $509K in 2022.

If you are considering a sale or purchase, our experience and market knowledge is unmatched. Please give us a call (302) 541-5207.

*Data was derived from the Sussex County MLS. Includes…

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Market Conditions Remain Strong for Sea Colony Sellers in Q1

During the first quarter of the year, we continued to experience a strong Seller’s market in Sea Colony as buyer demand remained high and we continued to navigate low inventory.

As the chart illustrates, total sales were down 7% when compared to last year while sales volume was down 23%. The chart shows some slowing in the pace of sales with the average days-to-contract at 24, however, there was a noticeable increase in the pace of sales during the month of March. Property values were up when compared to last year with the median sale price on the East at $1,160,000 vs. $884,000 in 2022 and on the West $587,500 vs $545,000.

We had the fortunate opportunity to participate in 36% of the property sales in Sea Colony during the first quarter,…

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Market Conditions Remain Strong for Fenwick Island Sellers in Q1

During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory.

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more…

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Market Conditions Remain Strong for Bethany-Fenwick Sellers in Q1

During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory. 

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more…

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