Delaware Beach Real Estate Blog - Leslie Kopp

Strongest Seller’s Market on Record Continues

Twice a year, we calculate and share absorption rates with you and hope that it puts the current market into perspective when compared to recent years. There is no question that we are currently in the strongest seller’s market on record.

Absorption rates tell us if we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels.   A balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. All areas currently have only 1 month of inventory for sale!   

If you are considering a sale or looking to purchase, please give us a call.

*Data was derived from the Sussex County MLS. Includes contracts on properties in…

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Bethany Beach-based Leslie Kopp Group ranked 12th in the Nation

 REAL Trends’ The Thousand list ranked Bethany Beach-based Leslie Kopp Group 12th in the Nation.

BETHANY BEACH, Del., June 17, 2021 – The Leslie Kopp Group, of Long & Foster Real Estate, has been named as one of the top real estate teams in the nation. The Bethany Beach, Delaware-based group, led by Leslie Kopp ranked 12th nationwide based on its 2020 sales volume in the medium teams category, according to the annual REAL Trends’ The Thousand list.

“We are honored to be recognized as one of the top real estate groups in the country, and we worked harder than ever in 2020 to achieve this level of success, especially with the added challenges that we faced with Covid.” Kopp said. “This ranking is reflective of our commitment to excellence and…

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Buyer Activity Surges Amidst Inventory Shortage

Last month, we communicated to you that the real estate market remained exceptionally strong for Sellers with escalating prices and minimal competition.  We are into May and this trend has now continued for 12 straight months!

Sales-to-date, are up 43% compared to 2020 (149 vs. 104).  It is important to remember that at this time last year, strict stay-at-home orders were just beginning to lift and we were adjusting to the way we would live and work through a pandemic. 

The chart provided compares the 2021 market to a more “normal” 2019 which we hope puts the current real estate environment into appropriate perspective.  All key market statistics are moving in an extremely positive direction.  We would love to help you maximize your results! …

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EXTREME DEMAND & SHARP RISE IN VALUES - BETHANY BEACH REAL ESTATE

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom. The median sale price of condo/townhome properties sold to-date in 2021 is up 26% over 2019.  Prices of single family home properties are up 55% compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last… what we know for certain is that Spring is upon us and NOW is an opportune time!  If…

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EXTREME DEMAND & SHARP RISE IN VALUES - NORTH BETHANY REAL ESTATE

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. 

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices are up 13% in North Bethany compared to 2019 and this would be much higher if more inventory was available.  It is hard to predict how long this market will last, but  we do know that Spring is upon us and  NOW is an opportune time!  If you are considering a sale or looking to make a…

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EXTREME DEMAND & SHARP RISE IN VALUES - SOUTH BETHANY REAL ESTATE

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. There has never been a better time to be a Seller!  

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices to-date are up 82% in South Bethany compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last, but we do…

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EXTREME DEMAND & SHARP RISE IN VALUES - FENWICK ISLAND REAL ESTATE

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm. 

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 for the Bethany-Fenwick market as a whole.  Prices are up 134% in Fenwick Island to-date when compared to 2019.  This is inflated due to a few high dollar sales early in the year, but the trend is none-the-less very impressive.  It is hard to predict how long this market will last, but we do know that Spring is upon us and  NOW is an…

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EXTREME DEMAND & RISE IN SEA COLONY VALUES

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 19% over 2017 for Sea Colony East and 56% for Sea Colony West.  There are currently just 4 properties for sale on the East and zero on the West.  It is hard to predict how long this market will last, but we do know that Spring is upon us and  NOW is an opportune time!  Please call our Sea Colony Experts: Gail Phelan 302-233-4909 or Despina Kaneles…

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EXTREME DEMAND & SHARP RISE IN BEAR TRAP VALUES

So far in 2021, the market has proven to be extremely competitive for Buyers as inventory remains deficient and demand is extremely high.  Prices are rising sharply and multiple offers are the norm.

In recent months, sale prices have reached levels that match and in some cases exceed values of comparable sales during the 2005/2006 boom.  The median sale price of properties sold to-date in 2021 is up 32% over 2019 in Bear Trap Dunes and 19% for Ocean View as a whole.  There are currently just 2 properties for sale in Bear Trap.  It is hard to predict how long this market will last, but we do know that Spring is upon us and NOW is an opportune time! Please call our Bear Trap Expert:  Gail Phelan 302-233-4909.      

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Dickens Parlour Theatre Teams with the Good Earth Market!

A Message from Dickens Parlour Theatre:

Dear Friends,
In contemplating our tenth anniversary year in 2020, we anticipated that January would be dark. We had no reason to believe we would be shuttered for what amounted to most of the remainder of 2020, as well. When it became apparent that productions of any kind would be hopeless, Susan, Cheryl, Jay, and I sat down to discuss the best way to utilize our enforced respite.

Enter the Good Earth Market.
Located about a mile west of us on Route 26, the
Good Earth Market, which began operations at about the same time as we did, has, for the past decade, been not only one of my favorite food purveyors in the world (Sue Bloch casts a concurring vote on that), but…

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