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,

We are thrilled to announce that The Leslie Kopp Group is once again the Presenting Sponsor of the Annual Beach & Bay Cottage Tour, now in its 32nd year! This year's event offers the opportunity to experience the tour both in-person and virtually.

Photo courtesy of Beach & Bay Cottage Tour

By purchasing a Virtual Only ticket for $35, you can explore all 10 homes on the tour from the comfort of your own home. When you purchase an In-Person ticket $50, the Combo Ticket grants you access to visit 6 pre-selected homes in-person, as well as virtual access to every single home. Virtual tours will be available from Sunday, July 14th to Sunday, August 4th, while in-person tours will take place on Wednesday, July 24th & Thursday, July 25th.

Tickets are

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, 3 properties went under contract in the community of Bayside.   This compares to 4 properties at the same time last year, and 4 in May of 2022. There is some softening of values, particularly for single family homes where we have seen a notable rise in inventory (13 properties for sale vs. 6 at this time in 2023). However, there is still a plethora of buyers waiting for specific properties to be listed for sale, especially condos/townhomes where there are now 2 properties for sale, vs. 4 at this time last year.

If you have any questions about the market or any specific property, please call our Bayside

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               

Happy Spring! Last month, we shared with you that after many years of deficient inventory, we were starting to see properties coming on the market more frequently. As we start the month of May, inventory in Bayside is up 33% when compared to the same time last year and inventory in the greater Fenwick-Selbyville area is up 42%.

In your community of Bayside, the real estate market remains strong for Sellers! As the chart illustrates, sales activity through April was up 53% with 29 properties going under contract so far this year! Sales volume is up 50% and the median sale price is up 10% year-over-year. Properties are selling more slowly with 30 days as the median days-to-contract so far this year vs. 14 days last year.   

As always, if we can

Happy Spring! Last month, we shared with you that after many years of deficient inventory, we were starting to see properties coming on the market more frequently. As we start the month of May, this trend continues as inventory in the Bethany-Fenwick market is up 58% when compared to the same time last year.

The beach real estate market remains firm. As the chart illustrates, sales activity is up 14% so far this year when compared to the first 4 months of 2023 and sales volume is up 19%. Properties are taking a little longer to sell with 11 days as the median days-to-contract so far this year, vs. 9 days last year. Meanwhile, prices are stable.      

The busy Summer season is just around the corner, if we can offer you any real estate guidance,

March has arrived and we are looking forward to longer light filled days ahead! Bayside had a firm start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are close to keeping pace with last year.

As the chart illustrates, through the first two months, 10 properties went under contract in Bayside compared to 11 during the same time last year. Properties that are priced appropriately continue to sell quickly although the pace is slowing. The median sale price of properties settled in January and February was up 3% when compared to the same months in 2023.

If you are considering buying or selling, please give our Bayside Experts a call to discuss ways that we can work together to

March has arrived and we are looking forward to longer light filled days ahead! The Bethany-Fenwick area had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts were up 34% when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 30%.   Properties that are priced appropriately continue to sell very quickly and the average sale price for properties settled in January and February was down 5% when compared to the same months in 2023. This is due to the fact

The Freeman Arts Pavilion (formerly known as The Freeman Stage) has announced its' first summer concert scheduled for June 26th!  Globally recognized musician Michael Franti & Spearhead with special guests Trevor Hall & Bombargo will be the first musical performance to kick off a wonderful summer of concerts located in the community of Bayside Resort.  With their 2022 performance being such a hit amongst concert-goers, Franti & Spearhead's Togetherness Tour of 2024 will stop in West Fenwick once again to bring sunshine to the stage.

For all upcoming events and performances at The Freeman Arts Pavilion, click here!

We are just one month into the year and so far, we are experiencing some slowing of buyer activity in Bayside. In January, 4 properties went under contract in your community compared to 6 sales during the same month last year.

During this time of the year, 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 calculate how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory.  

We remain in a Seller’s Market in Bayside.   If you are looking for a Bayside single family, townhome or condo to call your own intime for the upcoming season, or if you have