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

Posted by Leslie Kopp & Christi Arndt on Tuesday, September 17th, 2024 at 10:07am

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 my 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 illustrates, sales year-to-date are up 12% and the median sale price is up 3%. Competition is greater for sellers as inventory is up nearly 70% year-over-year. 

If you are considering a future purchase or sale, it is never too early to have a conversation. We are always here to help, please give us a call.

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

*Data was derived from the Sussex County MLS. Includes single family and condo/townhome properties in 19930 & 19944 zip codes. May not reflect all activity in the marketplace.

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