Bethany Beach Values Surge in 2021, Inventory Shortages

Happy New Year, we hope you and your family had a safe and healthy holiday season!

As we look back on 2021, you might recall that we predicted another strong year following a record shattering 2020. This proved to be true! The continuation of shrinking inventory and strong demand created a competitive market for buyers like we have never experienced.  These conditions sent real estate values surging in 2021 and it remains an incredible time to be a seller! In fact, buyer demand continues to be high and there are currently only 12 properties for sale in Bethany Beach versus 23 at this time last year and 85 at the close of 2019!

In 2021, we were fortunate to participate in 30% of sales in the Bethany-Fenwick area, representing the buyer, seller or both parties. Properties listed with our group sold faster (20 average days-to-contract vs. 38) and our sellers realized a higher sale-to-list price (101% vs. 99%) when compared to the rest of the market. We are confident that we have the experience, expertise and marketing resources to achieve the best results for our clients. If you are considering a sale or looking to purchase, please give us a call.

We wish you a happy, healthy, and prosperous 2022!

*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.