Delaware Beach Real Estate Blog - Leslie Kopp

Strongest Seller's Market on Record Continues

Typically, the month of January brings some slow down in real estate activity when compared with warmer months of the year, but we continue to be in a market like never before at the beach. Through multiple snow storms and blizzard conditions, 26 properties went under contract in the Bethany-Fenwick area in January.

We are often asked whether we are in a buyer’s market or a seller’s market. Based on our communications over the last 18 months, it should be no surprise that we are clearly in a seller’s market. However, to put this into perspective, we need to calculate Months of Inventory, also known as the Absorption Rate.  

The chart provided compares the supply of inventory at the beach on January 1 versus the same date in previous years. In…

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Bethany-Fenwick 2021 in Review

As we look back on 2021, shrinking inventory and strong demand created a competitive market like we have never experienced at the beach!

These conditions sent values surging in 2021 and real estate remains a solid investment. If you are considering a sale or looking to purchase, please give us a call.

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

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Bear Trap Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there are currently no properties for sale in Bear Trap versus 2 at this time last year and 19 at the close of 2019!

Properties listed with our group in the Ocean View-Bethany area in 2021 sold faster and our sellers realized a higher sale-to-list price…

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Ocean View Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there are currently only 39 properties for sale in Ocean View versus 31 at this time last year and 145 at the close of 2019!

Properties listed with our group in the Ocean View-Bethany area in 2021 sold faster and our sellers realized a higher sale-to-list…

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Sea Colony West Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there is only 1 property for sale in Sea Colony West versus 1 at this time last year and 11 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in Sea Colony, representing the buyer, seller or both parties. Properties listed…

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Sea Colony East Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand remains high and there are currently only 2 properties for sale in Sea Colony East versus 6 at this time last year and 18 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in Sea Colony East, representing the buyer, seller or both parties.…

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Bethany Beach Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced.  These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand continues to be high and there are currently only 12 properties for sale in Bethany Beach versus 23 at this time last year and 85 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in the Bethany-Fenwick area, representing the buyer, seller or…

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Fenwick Island Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand continues to be high and there are currently only 9 properties for sale in Fenwick Island versus 19 at this time last year and 35 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in the Bethany-Fenwick area, representing the buyer, seller or…

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South Bethany Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand continues to be high and there is only 1 property for sale in South Bethany versus 4 at this time last year and 11 at the close of 2019!

In 2021, we were fortunate to participate in 48% of sales in South Bethany, representing the buyer, seller or both parties. Properties…

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North Bethany Values Surge in 2021, Inventory Shortages

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced. These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand continues to be high and there is only 1 property for sale in North Bethany versus 5 at this time last year and 19 at the close of 2019!

In 2021, we were fortunate to participate in 45% of sales in North Bethany, representing the buyer, seller or both parties. Properties listed with our group sold faster (15 average days-to-contract vs. 46) and our sellers…

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