Bethany Beach Market Remains Strong in Fall
Last month, we reported that fall market conditions at the beach were strong. We are pleased to report that this trend continued through October. During the month, single family home sales in Bethany Beach were up considerably over 2018 (17 vs 11). Meanwhile, after a strong September for the condo/townhome segment, there was some slowing (11 properties went under contract vs 21). Inventory is down 44% (57 vs 102) for this property type.
As the chart illustrates, year-to-date, the market is holding firm compared to a strong 2018 and factors point towards the continuation of this trend. Over-all, we are optimistic about real estate conditions as we head into 2020!
During this time of Thanksgiving, we are grateful to you for your continued trust and confidence. We wish you and your loved ones a safe and joyful holiday season!
Leslie Kopp & Christi Arndt