Bethany Beach Market Surge in 2020, Sharp Decline in Inventory

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May and the positive momentum carried through the year.

Importantly, there has been a sharp decline in available inventory which is down a significant 73%, year-over-year! There are currently 23 properties for sale in Bethany Beach versus 85 at this time last year.

We feel very fortunate to have participated in 30% of sales in the Bethany-Fenwick market during 2020, representing the buyer, seller or both parties. We are extremely grateful for your continued loyalty and wish you and yours a happy, healthy, and prosperous 2021!