Bethany-Fenwick Remains in Seller’s Market

As we head into what is typically an active 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 4 months of inventory or less and we remain in a Seller’s Market in the Bethany-Fenwick area.

Even with a serious winter storm that left us under snow for many weeks, we experienced good buyer activity at the beach during the first month of the year. In January, 17 properties went under contract in the Bethany-Fenwick area. This compares to 19 sales in 2024 and 15 in 2023. We continue to be optimistic about the year ahead and always welcome a conversation!

If you wish to talk about the real estate market in more detail, please give us a call.      

Leslie Kopp                            Christi Arndt       
(302) 541-5207                      (302) 245-5223