Delaware Beach Real Estate Blog - Bethany Beach Real Estate Blog

Bethany to float funding for new water clarifier

Credit to: Coastal Point, Susan Canfora

By unanimous vote, the Bethany Beach Town Council this week passed a resolution to announce the Town’s desire to borrow funds for a new clarifier for the water treatment plant. They will hold a public hearing to hear comment about that resolution at 1 p.m. on Monday, Feb. 17.

After the public hearing, there will be a second resolution offered, to determine whether there will be a special election held on the funding, in April or May.

Town Manager Cliff Graviet, at the Friday, Jan. 17, town council meeting, said the new clarifier will cost $3.9 million, paid over 20 years.

A clarifier, he explained, is a significant part of the Town’s water treatment process. Bethany Beach has deep aquafers that are…

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2024 Bethany Beach Real Estate Market Recap

*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.

Happy New Year!  As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Bethany Beach were much stronger when compared to 2023. Even as interest rates increased heading into the Summer season, inventory shortages kept values appreciating and sales remained high from January through October. Buyer activity slowed considerably in November and December, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the Delaware beach markets in the year ahead!  If you are considering a purchase or…

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Bethany Beach Holiday Happenings to extend over two weekends

Credit to: Coastal Point

Coastal Point

On Saturday, Dec. 7, the Town of Bethany Beach will kick off its annual Holiday Happenings and feature the favorite activities the community has come to know and love. The day will start at the Nature Center (807 Garfield Parkway) at 10:30 a.m., with a special Ginger Man siting.

There will be pony rides on the beach off Garfield Parkway from 11 a.m. to 1 p.m., and face painters in town hall from 1 to 3 p.m. These were so popular last year that they will require pre-registration this year. (Walk-ups will still be accepted as time allows.) Registration is being accepted online via the Town’s website at https://www.townofbethanybeach.com/.

Also, from 1 to 3 p.m., Santa will make his triumphant return to town…

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Bethany-Fenwick Market Update 11/4

Last month, we shared with you that real estate sales had picked up in September. This carried into October as 34 properties in the Bethany-Fenwick area went under contract last month. This is up 55% compared to 22 sales in October of 2023. As the graph illustrates, the median sale price for both single family homes and condo/townhome properties have risen in 2024.   If you are considering a purchase or a sale, it is never too early to have a conversation. Please give us a call. During this time of Thanksgiving, we are grateful that so many of you look to our group for real estate guidance and expertise.   We wish you all a healthy and very joyful holiday!

Leslie Kopp                          Christi Arndt
(302) 542-3917                     (302)…

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Bethany-Fenwick Market Remains Firm for Sellers

Last month, we reported that the beach real estate market slowed some in August. We are pleased to share that buyer activity picked up nicely in September ! During the month, 30 properties in the Bethany-Fenwick area went under contract. This is up 43% when compared to 21 sales during the same month last year.

A nice rise in newly available inventory, specifically for single family homes, was a leading factor that contributed to this flurry of activity. As the chart illustrates, through the first 3 quarters of the year, the market has remained firm for all property types at the beach. If you are exploring your options as a buyer or seller, we always welcome a conversation.

Leslie Kopp                          Christi Arndt                …

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Celebrating 35 Years in Real Estate, August Sales Slower in Bethany Beach

Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me personally as it marks 35 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

After a flurry of activity in July, the beach real estate market slowed some in August when compared to the last year. During the month, 22 properties went under contract in the Bethany-Fenwick area. This compares to 28 during the same month last year. As the chart…

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Summer Buyer Activity Stronger in Bethany Beach

While real estate activity in Bethany Beach was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 31 properties went under contract in Bethany Beach (versus 23 during the same time last year).

As the chart illustrates, sales are up year-to-date, while sales volume in dollars is flat. Inventory has doubled when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 8 days as the median days-to-contract.

So far this year, our group has participated in more than 30% of property sales in Bethany Beach. If we can offer you any real estate guidance, please give us a call.

Leslie Kopp     …

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Shifting Market at the Beach

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 while more would be a buyer’s market and less a seller’s market. The market is clearly shifting as all areas moved in a favorable direction for buyers. We continue to stay in a seller’s market from North Bethany to South Bethany, but growing inventory in Fenwick Island has shifted that area into a buyer’s market.        

If you would like to discuss the market in more detail as a buyer or a seller,…

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New Pedestrian Walkway along Collins St in Bethany

Credit to: Coastal Point, Sam Sandler

A new pedestrian pathway was recently constructed in Bethany Beach along Collins Street, a portion of Kent Avenue and Wellington Parkway. While the project took approximately three months to be completed, many years of Bethany Beach Town Council discussions and subsequent planning were required to bring this new passageway for pedestrians and cyclists to life.

Bethany Beach Town Council Member Mickey Hinman is a strong advocate of the recently completed project, and he says this is just one of many steps he and other members of the town council hope will improve overall pedestrian safety in Bethany.

The recent improvements to the corridor allow cyclists and pedestrians to be separated from traffic, which…

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Bethany-Fenwick Property Value Update

The summer season is upon us, and we have enjoyed seeing so many of you enjoying the area over the last few weeks! During the month of May, 20 properties went under contract in the Bethany-Fenwick area.  20 properties were also under contract at this time last year, and 21 in May of 2022. There is some softening of values, particularly in the single family home market. However, there are still plenty of buyers waiting for specific properties to be listed, especially those closest to the beach.

If you have any questions about the market in general or and specific property, please give us a call.

Leslie Kopp
(302) 541-5207        

Christi Arndt
(302) 245-5223               

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