Bethany-Fenwick Real Estate Market Update

Posted by Leslie Kopp & Christi Arndt on Friday, March 17th, 2023 at 1:03pm

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 (302) 541-5207.


*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.





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