Beach Property Values Continue to Rise in 2020

For many months, we have shared with you that the real estate market is “hot” at the beach and as the graph illustrates, both single family homes and condo/townhome properties are appreciating in value.  We expect the continuation of high buyer demand and extremely low inventory which will put upward pressure on prices well into 2021.  If you are considering a sale or looking to purchase a new home at the beach, please strategize with us to ensure the very best results in this market!

During this time of Thanksgiving, we are grateful to you for your continued trust and would like to wish you and your loved ones a safe, healthy and joyful holiday!

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.