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Bethany Fenwick Sellers Market 24

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

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2024 Bayside Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes resale properties sold in Bayside. 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 Bayside were comparable to 2023. Inventory shortages kept values high, even as interest rates increased heading into the Summer season, and sales remained steady from January through September. Buyer activity slowed considerably in the Fall, as anticipated, with the election and Holiday Season. 

We are optimistic and enthusiastic about the market in the year ahead!  If you are considering a purchase or sale of Bayside real estate, it is never too early to have a conversation or to begin preparations.

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2024 Fenwick Island Real Estate Market Recap
*Data was derived from the Sussex County MLS. Includes properties sold in Fenwick Island. 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 Fenwick Island 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 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 sale of Fenwick Island real estate, it is never too early

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2024 North Bethany Real Estate Market Recap
*Data was derived from the Sussex County MLS & tax records. Includes properties sold in 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 North Bethany 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 sale of North Bethany real estate,

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Credit to: Construction Dive, Emma Penrod

  • The Department of the Interior on Tuesday approved the construction and operations plan, or COP, for the 2-GW Maryland Offshore Wind Project, clinching the final federal permit developer US Wind needs from the department to begin construction.

  • The permit clears the way for the construction of more than a hundred wind turbines off the shore of Maryland and Delaware, and will help build the U.S. offshore wind supply chain, according to the Oceantic Network, a trade association that represents the offshore wind industry.

  • The Department of the Interior’s Bureau of Ocean Energy Management this week also issued a Record of Decision finalizing a list of environmental measures expected to

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Credit to: WBOC, Sean Curtis, AECOM

The Delaware Department of Transportation (DelDOT) has announced the delay of a bridge replacement on Route 54 (Lighthouse Road) in Fenwick Island.

According to DelDOT, a delay with the National Environmental Policy Act process due to tidal and navigation issues caused the project’s expected completion date to be pushed back. The bridge’s replacement was initially planned for Spring 2025, but is now expected to commence in early 2026.

DelDOT says the replacement will occur in two phases, the first commencing in October 2026 and lasting through May 2027. The second phase is slated for October 2027 through May 2028.

The replacement project was initiated due to the bridge’s poor condition,

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Credit to: Sussex County

Sussex County Delaware has completed a revaluation of all real property in anticipation of the 2025 Tax Roll and property owners have been receiving notices in the mail which contain their new property assessments. Your new tentative assessment is based on 100% of the current assessed value of your property, as of July 1, 2023.

THE NOTICE IS NOT A TAX BILL. The Tax Rate will change; therefore, DO NOT multiply your new tentative assessed value by the current tax rate. The new tax rate will be determined by the County, Municipality & School District for the 2025 tax bill.

The 2025 assessments have been developed using recent valid market sales and economic data. The previous assessment was NOT a factor in determining the

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Last month, we shared with you that real estate sales had been firm through the first 3 quarters of the year for Bayside. This trend continued in October as 2 properties in Bayside went under contract last month. This is consistent with 2 sales in October of 2023.  As the graph illustrates, the median sale price for both single family homes and condo/townhome properties in Bayside have dropped slightly in 2024. During this time of Thanksgiving, we are grateful that so many of you look to our group for guidance and expertise in real estate. We wish you a healthy and joyful holiday!

If you are considering a purchase or a sale, it is never too early to have a conversation. Please reach out to our Bayside experts:

Wayne Lyons                    Kiki

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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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Credit to: Coastal Point, Kerin Magill

Costumes, candy and yoga with puppies? Yes, please.

Wags, Witches & Warlocks is Bethany Beach’s Halloween event, but it means so much more for a local organization. The Bethany Beach Halloween event has been a successful fundraiser for the Brandywine SPCA for more than a decade, according to organizers. This year, Wags, Witches & Warlocks takes place on Saturday, Oct. 26, with registration beginning at 9 a.m. Since 2018, the event has been organized and sponsored by the Leslie Kopp Group, a Bethany Beach real estate business. Shannon McDowell, marketing and brand manager for the business, said this week that the office is full of animal lovers, so the decision on the Halloween event was an easy one. “We all

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