We are often asked if we are in a Buyer’s Market or a Seller’s Market in Bayside and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 single family market continues to stay in a Seller’s Market with 10 properties for sale and 43 home sold in the last 12 months. Meanwhile inventory of condo/townhomes is growing (17 for sale and 21 sold in the last 12 months). We are now certainly in a Buyer’s Market for that property

We are often asked if we are in a Buyer’s Market or a Seller’s Market at the beach and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. 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 continuation of very limited inventory for sale has kept us in a Seller’s Market from Fenwick Island to North Bethany.        

If you would like to discuss the market in more detail, we are here to help. Please give us a call.

Leslie Kopp                            Christi

The summer and golf seasons are well underway, and we’ve enjoyed seeing so many of you return to the beaches, bays, golf courses and restaurants that make our area such a special place to call home! May was a strong month for real estate sales, with 6 properties going under contract in the Bayside—up from 3 in May of 2024.

As the chart illustrates, year-to-date, both the number of properties under contract and total sales volume are trending down. For well over a year now, we’ve been commenting on growing inventory in your community, and that has certainly continued. So far this year, properties are taking about 2 weeks longer to go under contract compared to the same time last year.

With the busy summer and golf seasons upon us, it is a great

The summer season is well underway, and we’ve enjoyed seeing so many homeowners and vacationers return to the area over the past few weeks!

May was a strong month for real estate sales, with 31 properties going under contract in the Bethany-Fenwick area—up from 18 in May of 2024.As the chart illustrates, year-to-date, both the number of properties under contract and total sales volume are up 10%. For well over a year now, we’ve been noting an upward trend in inventory, and that continues. So far this year, properties are taking about a week longer to go under contract compared to the same time last year.

With the busy summer season upon us, it is a great time to look at homes as a buyer and a great time to list if you are thinking of selling.  

Happy Spring! As we look back on the first 4 months of the year, real estate sales in Bayside were much slower when compared to 2024.

As the chart illustrates, the number of properties sold in Bayside through April was down 48% and sales volume was down 42%. The median sale price was down 8% when compared to the same time period last year. Some good news is that most properties that sold went under contract in less than one week as 6 was the median days to contract. Inventory has risen 183% in Bayside with 34 properties for sale.   It is important to note that we are still far below pre-pandemic levels when it was common to have more than 40 properties available for sale in Bayside, plus new construction opportunities.

If we can offer you any

Happy Spring! As we look back on the first 4 months of the year, sales in North Bethany were firm when compared to 2024. However, with 14 properties currently for sale, inventory has nearly tripled in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have between 30 and 40 properties available for sale in North Bethany.     

As the chart illustrates, sales activity is up 11% so far this year when compared to the first 4 months of 2024 and sales volume down is 4%. Properties are taking longer to sell with 38 days as the median days-to-contract vs. 16 days last year. The median sale price is up 30%. This is reflective of the location and types of properties sold, not necessarily appreciation

Happy Spring! As we look back on the first 4 months of the year, sales in Fenwick Island were up significantly when compared to the same time last year. With 17 properties currently for sale, inventory has grown by 31% in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have more than 40 properties available for sale in Fenwick Island.      

As the chart illustrates, sales activity is up 70% when compared to the first 4 months of 2024, and sales volume is up 24%. Properties are taking twice as long to sell with 38 days as the
median days-to-contract vs. 19 days last year.

If we can offer you any real estate guidance as a buyer or seller in Fenwick Island, please give us a call: (302)

*Data was derived from the Sussex County MLS. Includes resale properties sold in Bayside. May not reflect all activity in the marketplace.

During the first quarter of 2025, the Bayside real estate market was a little softer when compared to 2024. Total sales were down 13% (20 vs 23) during the first quarter. Inventory is growing and properties took 40 days, on average, to go under contract vs 62 days in 2024. The graph illustrates historic inventory levels of resale properties available for purchase on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss

*Data was derived from the Sussex County MLS. Includes properties sold in North Bethany, Bethany Beach, South Bethany & Fenwick Island.
May not reflect all activity in the marketplace.

During the first quarter of 2025, the Bethany-Fenwick real estate market was softer when compared to 2024. Total sales were down 12% (60 vs 68) during the first 3 months when compared to last year. Inventory is growing and properties took 3 weeks longer, on average, to go under contract when compared to the same time last year. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment.

Please give us a

Credit to: Coastal Point, Kerin Magill

Parking in Fenwick Island — particularly for employees of businesses in the town — was the focus of a presentation by Mayor Natalie Magdeburger at the Friday, April 5, Fenwick Island Town Council meeting.

Magdeburger’s report was part of an ongoing effort to solve summer parking issues — particularly for numerous restaurants during the busy dinner hours.

The Town’s Business Concerns Committee had asked the council to consider selling half-price parking passes to businesses for their employees to use between 4 and 10 p.m. in permit-parking areas of town.

Following discussion at previous council meetings and Business Concerns Committee meetings, Magdeburger said she had done an informal survey of