Delaware Beach Real Estate Blog - Leslie Kopp

High Demand, Deficient Inventory & Rise in Bear Trap Values

We are now into the month of March and are looking forward to the longer, light filled days ahead! Looking back on the first two months of 2022, real estate activity was extremely competitive with the continuation of deficient inventory and we experienced multiple offers in many situations. Real estate values are still on the rise. We have said this many times before: it is hard to predict how long this
environment will last!

As the chart illustrates, total sales in Bear Trap were down 50% when compared to the same time last year as inventory remains at record lows. Meanwhile, sales volume in dollars (based on list price) was down much less, at 22%.   Properties continued to sell very quickly. In fact, all 7 properties that went under contract…

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High Demand, Deficient Inventory & Rise in Sea Colony Values

We are now into the month of March and are looking forward to the longer, light filled days ahead! Looking back on the first two months of 2022, real estate activity was extremely competitive with the continuation of deficient inventory and we experienced multiple offers in many situations. We have said this many times before: it is hard to predict how long this environment will last!

As the chart illustrates, total sales in Sea Colony were down 45% when compared to the same time last year as inventory remains at record lows—there are currently no properties for sale in Sea Colony! Sales volume in dollars (based on list price) was up 4% as 8 of the 11 sales were on the East. Properties continued to sell very quickly. In fact, 9 of the 11 units that…

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North Bethany, 30 S Shore Drive

Enjoy incredible views of the wide open bay and marina from nearly every room of this meticulously maintained waterfront home in North Bethany. Offering the perfect layout for entertaining with a combined main living/dining/kitchen area featuring hardwood floors, a wood burning fireplace, and an open floor plan. Filled with an abundance of southern exposure sunlight throughout the day, the great room leads to an expansive deck overlooking the water. Wind down while watching beautiful sunsets every evening on this newly built 18x28 Trex deck with pergola. With covered parking for four vehicles and a large ground level storage room, there is plenty of space to store all of your beach necessities and boating equipment. Situated in a bayfront gated…

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High Demand & Deficient Inventory at the Beach

We are now into the month of March and are looking forward to the longer, light filled days ahead! Looking back on the first two months of 2022, real estate activity was extremely competitive with the continuation of deficient inventory and we experienced multiple offers in many situations. We have said this many times before: it is hard to predict how long this environment will last!

As the chart illustrates, total sales in the Bethany-Fenwick market were down 19% when compared to the same time last year as inventory remains at record lows. Meanwhile, sales volume in dollars (based on list price) was up 7%.   Properties continued to sell very quickly. In fact, 43 of the 58 properties that went under contract this year did so within 10 days. The…

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Bethany Beach - 104 Wellington Pkwy

Just two lots from the oceanfront, this freshly updated home is located on one of the most spacious and sought-after streets in Bethany Beach. This quintessential beach house offers 4 bedrooms and 3 baths plus an added loft and a second living room, creating plenty of space for friends and family to gather. The inverted floor plan brings the kitchen and great room to the top floor, creating space for soaring ceilings and an elevator makes getting there a breeze. Catch a peak of the sunrise over the ocean from your living room or top deck. The over-sized garage offers plenty of space to store beach chairs and accessories. Although this property is not currently a rental, it does have a strong rental history and would be a wise investment. Positioned…

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Buyers Facing a Tough Spring Housing Market

Buyers will face a very tough housing market this spring.  According to a recent Realtor Magazine article, a myriad of factors will contribute to the challenges buyers will encounter such as, record low inventory, the expected rise in mortgage rates and escalating prices of both new and existing homes.

While buyers will inevitably face challenges in the short term, some buyers may experience reduced competition due to rising interest rates which may eliminate some purchasers from the market during this time. To view full article please click here.

Source: “Buyers To See Tough Spring” https://magazine.realtor/daily-news/2022/02/28/buyers-to-see-tough-spring

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Community Spotlight – Bay Forest

Located just a few miles west of Bethany Beach along Collins Creek in Ocean View, Delaware, the community of Bay Forest boasts a wide range of amenities featuring 2 club houses, a full-service fitness center, a yoga and aerobics studio, a multi-purpose recreation barn with indoor basketball and pickle ball courts and also houses large community gatherings.

Outdoor facilities include a large tennis pavilion with four lighted hard courts and multiple swimming pools featuring a lazy river, lap pools, a lounge pool and an outdoor lounge with an impressive bar and fire pit.  Additional outdoor amenities include volleyball, basketball, bocce and pickle ball courts, a putting green, as well as playgrounds and an additional fire pit for families to enjoy…

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Comcast/Xfinity Coming to Bethany Beach!

Much progress has been made over the last few months towards bringing Comcast/Xfinity services to Bethany Beach. Comcast continues the work of installing the underground fiber-optic cable throughout Bethany Beach that will bring their full suite of services, including fiber-optic Wi-Fi, to the community. The work is estimated to be completed by late spring of 2022.

For more information and schedule of work, please click here.

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30th Annual Beach & Bay Cottage Tour, 2022

The Leslie Kopp Group is proud to be the Presenting Sponsor of the 30th Annual Beach & Bay Cottage Tour again this year! Celebrating 30 years of the Beach & Bay Cottage Tour, this year’s event will be held virtually for all 10 homes on the tour, with an option to also see 5 of the 10 homes in-person. Virtual tours will be available from July 17 to August 6, 2022 and in-person tours will be offered on July 27 & July 28, 2022.

Tickets will be available for sale starting on May 1, 2022 and funds raised will benefit the Friends of the South Coastal Library.

For more information, please click here: Beach & Bay Cottage Tour

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5th Annual Bethany Beach Fire & Ice Festival

We are looking forward to the upcoming 5th Annual Fire & Ice Festival to be held this weekend on February 11-13, 2022 in Bethany Beach!

The event will offer many winter festivities, including ice sculpture tours, live sculpture demonstrations, bonfires, fireworks, ice slides, tastings and live music!

For more information, please visit: https://fireandicede.com/

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