Last month, we shared that we were in a strong seller’s market at the beach with increasing real estate sales and declining inventory. This trend continued in July as 47 properties went under contract in Bethany Beach versus 29 during the same month last year. Inventory continues to fall as there were just 28 new listings added in July.
Year-to-date, sales are up 26% in Bethany Beach. There is no question that this increase would be much higher if there were more properties available for sale. As the chart illustrates, there is about one third of the inventory available when compared to last year (43 properties versus 131).
So far this year, our group has had the fortunate opportunity to participate in 35% of homes sold in the Bethany-Fenwick area and we are confident that working with us will maximize your results. If you have been considering a sale or looking to purchase property, please give us a call so we can help.