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Found 62 entries about Bethany Beach Real Estate Blog.

Bethany Beach, Delaware, is known for its pristine beaches, charming boardwalk, and relaxed pace of life. For those looking to invest in a vacation home or rental property, Bethany Beach real estate is a smart choice. With a wide variety of Bethany Beach condos for sale as well as luxury single family homes, beach cottages and affordable town houses, there is something for everyone in this idyllic coastal town.

bethany beach real estate

Why Invest in Bethany Beach Real Estate? 

One of the main advantages of investing in Bethany Beach real estate is the location. Bethany Beach is just a short drive from major metropolitan areas, including Washington D.C., Philadelphia, and Baltimore. This proximity makes it easy to escape to the beach for a weekend getaway or extended

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This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, all areas were still in a seller’s market, but clearly the market had started to shift. We continue to stay just under a balanced market due to limited inventory and it remains an excellent time to be a Seller!      

If you would like to discuss the market in more detail as it relates to your property, please give us a

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The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 20 properties went under contract in the Bethany-Fenwick area. This compares to 21 at the same time last year and 41 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call. 

Data was derived from the Sussex County MLS.  Includes residential properties sold in zip codes 19930 and 19944.  May not reflect all activity in the marketplace.

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Bethany Beach Farmers' Market Sunday Fun

We are happy to announce that the Bethany Beach Farmers' Market is officially open!  Whether you're looking for a fun activity before the beach, or stocking up on some farm-to-table goods for the week, the Bethany Beach Farmers' Market will not disappoint.  The crew at BBFM has confirmed a count of 13 vendors this year, ranging from oysters and clams, to peaches and blueberries, to soaps and shea butter.  Aside from the plethora of inventory, the cheerful and knowledgeable growers are what make these summer Sundays in Bethany Beach so special.

Located on the corner of Garfield Pkwy and Pennsylvania Ave in Bethany Beach
Sundays 8am-12pm

Bethany Beach Farmers' Market Website

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Bethany Beach Market Update

 

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in sales in Bethany Beach when compared to 2022. However, there is currently a high level of activity as we head towards the upcoming summer season.

As the chart illustrates, values are up when compared to the same time period last year and while inventory is on the rise with 19 properties for sale, it is still far below pre-pandemic levels when it was common to have more than 150 properties available for sale in Bethany Beach. During the month of April, we listed a number of properties in Bethany that went under contract within just a few short days and the majority of these listing had multiple offers.    

As always, if we can offer you any real

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315 Parkwood Street Coming Soon Listing

Located on a quiet street with no through traffic, this coastal property is the perfect spot to enjoy summer.  The open concept floor-plan, screened-in porch, and deck with private backyard create the perfect layout for entertaining at the beach.  A large bonus room on the first floor can easily be a 4th bedroom, while upstairs is the sun-filled primary bedroom with an en-suite bathroom, 2 guest bedrooms, and another full bathroom.  This charming home is only 3 blocks from the beach and walking distance to restaurants, shops, and the boardwalk.  With a deep cleaning scheduled for today and photography set for Thursday, we look forward to presenting 315 Parkwood Street as an active listing for sale in Bethany Beach on Friday, 5/5!

View this

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April is typically bustling with real estate activity ahead of the upcoming summer season, and this year has been no different!   So far this month, 20 properties have gone under contract in the Bethany-Fenwick area and nearly half of these properties went under contract in less than one week.
We are starting to see more opportunities with 39 listings currently for sale versus just 18 at this same time last year.  Below are a few very special properties that were recently listed for sale…. just in time for you to enjoy this summer at the beach!           

Please browse new listings below and give us a call to discuss these offerings or any others for sale: (302) 541-5207!

*Data was derived from the Sussex County MLS. Includes properties put

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During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory. 

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more

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We are well into the month of March and it is hard to believe that we will soon welcome the first day of Spring! Light traffic and sun-filled days make it a beautiful time of the year to visit the beach.  

During the first 10 weeks of the year, we continued to experience a competitive market as buyer demand has remained high and we are still navigating low inventory. As the chart illustrates, total sales are down 40% when compared to last year while sales volume is down 42%. Property values have remained stable when compared to 2022 as the median price to-date is $865K vs. $850K in 2022.  

If you would like assistance finding a new beach home in time for this summer or listing your property for sale, we are here to help. Please give us a call

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As we head into what is typically a strong selling season for beach property, this is a time 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 determine how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, all areas have 2 months of inventory or less. We are clearly still in a strong seller’s market due to inventory shortages, but as the chart illustrates, the trend has changed direction when compared to the same time last year.

This shift is a good representation of what we are currently experiencing in the marketplace. There is

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