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Found 62 entries about Bethany Beach Real Estate Blog.

Credit to: Coastal Point, Ellen Driscoll

Boasting a new deep-water entrance, South Shore Marina on the southerly side of the Indian River Inlet bridge has just eight boat slips left available for purchase.

Permitting took three years for the marina entrance to be moved to the west jetty, said Marina Manager Laura Leslie; the $800,000 construction project was necessary to allow for safe entrance.  

Previously, sand deposits had often blocked boat traffic at the mouth of the channel, or caused bent props or grounding. The area was dredged annually, Leslie said, but shoaling continued with each storm event and blowout tide, presenting hazards for boaters and preventing access to the marina.

The marina has been around for 60

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Easter Weekend in Bethany Beach 2024

Looking for a fun activity for friends and family this Easter Weekend? Check out below for all the currently planned events in and around the Bethany Beach area! We recommend calling to make reservations for brunch, as these spots can fill up quickly.

Easter Brunch, Sunday March 31st, in/near Bethany Beach DE:

Bear Trap Dunes - 10am-2pm
Big Fish Grill - 10am-7pm (Ocean View & Rehoboth)
Bluecoast - 10am-3pm (Bethany & Rehoboth)
Catch 54 - 10am-3pm
Cottage Cafe - 10am-3pm
Northeast - 10am-3pm

Easter Egg Hunts, Saturday March 30th, in/near Bethany Beach DE:

Salted Vines Vineyard - 2-3pm
Frankford Town Park - 12pm
Dagsboro Fire House - 10am

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Credit to: Sean Curtis, WBOC

The Department of Natural Resources and Environmental Control (DNREC) plans to hold a public informational session regarding US Wind’s proposed construction that would bring power lines ashore at 3Rs Beach at the Delaware Seashore State Park.

US Wind and Governor John Carney’s Office previously announced negotiations were underway to bring the power lines from offshore turbines ashore at 3Rs Beach, with US Wind paying an annual $350,000 for the land lease.

DNREC says the information session, slated for next Tuesday, will focus solely on the potential lease to allow the underground cables at the beach, including the construction plan and what will be visible following the construction. The meeting will not cover the

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March has arrived and we are looking forward to longer light filled days ahead! The Bethany-Fenwick area had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts were up 34% when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 30%.   Properties that are priced appropriately continue to sell very quickly and the average sale price for properties settled in January and February was down 5% when compared to the same months in 2023. This is due to the fact

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Provided by Delaware Department of Transportation

RRFB Locations

The purpose of the North Bethany Bicycle and Pedestrian Corridor Study is to evaluate alternatives to provide low-stress bicycle and pedestrian facilities along SR 1 between Bethany Beach and the Indian River Inlet Bridge, and to develop a conceptual design and cost estimate for a recommended alternative. These concepts will be developed based on the public feedback received to date and the results of the existing conditions assessment. The potential alternatives may include recommendations for traffic calming, median crossover closures/consolidations, shared use path(s), protected bike lanes, dedicated right-turn lanes, sidewalks, and crossing improvements.

Public Process

Concepts

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We are just one month into the year and so far, we are experiencing good buyer activity at the beach! In January, 19 properties went under contract in the Bethany-Fenwick area. This is up nearly 30%, compared to 15 properties under contract during the same month last year, even as we continue to have deficient inventory in most areas.  

During this time of the year, we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to calculate how many months supply of inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory.  

As the chart illustrates, we remain in a Seller’s Market for

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Stay on top of trash, recycling, and yard waste pickup schedules in and around Bethany Beach. Access the schedules for Bethany Beach (zones 1 & 2), Fenwick Island, and South Bethany by clicking on the links below:


Bethany Beach Zone 1 Schedule                  Bethany Beach Zone 2 Schedule                 

Fenwick Island Schedule                                    South Bethany Schedule

 

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Credit to Katie Kazimir with Delaware Live

Army Corps updates beach replenishment timeline, sand totals | Cape Gazette
Cape Gazette

The Department of Natural Resources is developing counsel for local governments to aid in funding the cost for beach replenishment.   DNREC has stated that as erosion intensifies, the process of beach replenishment, which typically entails extracting sand from deeper offshore areas, may require more frequent repetition in order to restore beaches and safeguard infrastructure such as roads, bridges, and buildings.  Currently, costs are funded by both the state and federal government.  As of now Delaware allocates 1% of the state lodging tax towards replenishment projects. DNREC anticipates a budget of $4.1 million for the 2024 fiscal year, concluding on June 30th. This year, it is anticipated

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Happy New Year!  We hope you and your family had a safe and healthy holiday season.  As we look back on the 2023 beach real estate market, you might recall that the first few months were much slower when compared to 2021 and 2022. Inventory shortages continued to play a role in the slow down and interest rates rose to their highest level in more than 20 years. Sales picked up some in August and the positive momentum carried through the end of the year.  

In December, there was good news for the real estate market when the Federal Reserve held their key interest rate steady for the third time and suggested that there could be rate cuts in 2024. This news has us optimistic about the year ahead for Bethany Beach Real Estate.  If you have any

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Update:

Goldman Sachs announced that the world economy has entered a period of "great disinflation" that will enable policyholders to start cutting costs for borrowers in the beginning of this year.  This news comes just after the US inflation rate slowed to 3.1% last month.  The Federal Reserve has stated we are likely to experience 5 rate cuts in 2024.  Jan Hatzius wrote "global inflation continues to plummet… we therefore now see earlier and more aggressive rate cuts from several major developed market central banks," in a research note seen by Business Insider.  What is still in question is the suitable time to begin amending the amount of policy restraint currently in place.

If you are exploring the possibility of purchasing Bethany Beach real

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