As we look back at the first 3 quarters of 2023 compared to recent years, the Fenwick Island real estate market remained firm, even as interest rates rose to levels that we have not experienced in more than 20 years.

The continuation of inventory shortages coupled with pent up buyer demand has kept values stable. Inventory in Fenwick Island is flat when compared to the same day in 2022.

History tells us that real estate as a long term investment is very strong and the ability to have immediate use and enjoyment of a second home asset is something that we hear often from buyers, especially in today’s environment.  If you are exploring your options as a buyer or seller of Fenwick Island real estate, we always welcome a conversation. Please

For well over a year, we have been reporting that monthly sales are down when compared to the same time period last year. This trend finally broke in August!   During the month, 28 properties went under contract vs. 24 in August of 2022. Meanwhile, inventory is still deficient with only 36 properties for sale versus 61 at this same time last year.

As the chart illustrates, total sales in the Bethany-Fenwick market are down 27% year-to-date while the median sales price is up 10%. Properties tend to sell in just under 2 weeks with 12 days being the median amount of time to go under contract.

On a personal note, September is a special month for me. This month marks 34 years since starting a career in real estate at the beach. I am extremely

It is hard to believe that Labor Day weekend is right around the corner, we hope you are having a wonderful summer! While total real estate sales are down 52% year-to-date in Fenwick Island, the market remains very strong.

It has been more than a year since the “buyer frenzy” we experienced in 2020 through early 2022, but it remains a strong time to be a seller with minimal competition. So far this year, our group has participated in 35% of property sales in the Bethany-Fenwick area.

If we can offer you any real estate guidance, please give us a call.

Leslie Kopp                                Christi Arndt   
(302) 542-3917                         (302) 245-5223         

Data was derived from the Sussex County MLS. Includes Single Family

Exploring New Homes: Bethany Beach

As one of Delaware's most beloved beach towns, Bethany Beach has long been a favorite of vacationers seeking sun and sand. But beyond the boardwalk and the beach, there are many hidden gems just waiting to be discovered. Whether you're a first-time visitor or a longtime resident, here are some of the best off-the-beaten-path experiences in Bethany Beach.

The town's real estate market has been booming in recent years, with many new construction opportunities emerging across the area. From modern beachfront condos to spacious single-family homes, there's something for everyone when it comes to new homes in Bethany Beach.

Fenwick Island State Park

If you're looking for a more secluded beach, head to the

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, more would be a buyer’s market and less a seller’s market. At this time last year, all areas were still in a seller’s market, but clearly the market had started to shift. We continue to stay just under a balanced market due to limited inventory and it remains an excellent time to be a Seller!      

If you would like to discuss the market in more detail as it relates to your property, please give us a

The summer season is upon us and we have enjoyed seeing so many of you enjoying the beach over the last few weeks! During the month of May, 20 properties went under contract in the Bethany-Fenwick area. This compares to 21 at the same time last year and 41 in May of 2021. Extremely low inventory has kept values stabilized.  If you have any questions about the market in general or a specific property, please give us a call. 

Data was derived from the Sussex County MLS.  Includes residential properties sold in zip codes 19930 and 19944.  May not reflect all activity in the marketplace.

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in sales in Fenwick when compared to 2022. The good news is that there is currently a high level of activity ahead of the upcoming summer season.

As the chart illustrates, there are currently just 2 properties for sale in Fenwick when compared to 7 last year. Prior to the pandemic, it was common to have more than 40 properties available for sale in Fenwick Island.  During the month of April, we listed a number of properties in the Bethany-Fenwick area that went under contract within just a few short days and the majority of these listing had multiple offers.

As always, if we can offer you any real estate guidance, please give us a call.   

*Data was

April is typically bustling with real estate activity ahead of the upcoming summer season, and this year has been no different!   So far this month, 20 properties have gone under contract in the Bethany-Fenwick area and nearly half of these properties went under contract in less than one week.
We are starting to see more opportunities with 39 listings currently for sale versus just 18 at this same time last year.  Below are a few very special properties that were recently listed for sale…. just in time for you to enjoy this summer at the beach!           

Please browse new listings below and give us a call to discuss these offerings or any others for sale: (302) 541-5207!

*Data was derived from the Sussex County MLS. Includes properties put

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory .

As the chart illustrates, total sales were down 4% through the first quarter when compared to 2022 and sales volume was flat. The chart shows some slowing in the pace of sales as the average was 44 days-to-contract versus 15 days last year. The median sale price of single family homes in the first quarter was $1,300,000 vs. $910,000 in 2022 and for condo/townhome properties, $650,000 vs. $640,000.

If you are considering a sale or purchase, the experience and market knowledge of Wayne Lyons (302) 858-7347 and Kiki Hargrove (302) 569-2959 is unmatched. Please give them a call!

*Data was derived from the Sussex County

During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory.

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more