Exceptional Start, Sales Slow Mid-Year in Bethany

Posted by Leslie Kopp on Friday, August 10th, 2018 at 9:44am.

Bethany Beach August 1, 2018 Market Update from Leslie Kopp

It is hard to believe that we are more than half of the way through the year and as the chart indicates, year-to-date real estate sales activity has been strong when compared to the same time period in 2017. Total sales, prices and the pace of sales are trending in a positive direction in Bethany.

It is important to note that while the year as a whole has been strong, most recently, real estate has slowed as sales were down in both June and July when compared to the same months in 2017. Additionally, inventory on the first beach block has been limited which is reflected in some softening of the $1 million+ market.  

It’s never too early to begin strategizing. If you are considering buying or selling in the future, please give us a call to discuss your goals (302) 541-5207.

Leslie Kopp

* Data was derived from the Sussex County MLS.  Includes new contracts on properties in Bethany Beach.
It may not reflect all activity in the marketplace.

 

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