Sea Colony Real Estate Blog

The Leslie Kopp Group has Sea Colony experts Despina Kaneles & Gail Phelan who have more than 40 years of combined experience in Sea Colony Real Estate.  Despina and Gail work closely with Leslie to monitor and report important news about trends in Sea Colony Real Estate. 

Found 58 blog entries about Sea Colony Real Estate Blog.

After the strongest start to the year in more than a decade, real estate activity slowed early this summer and the trend carried through August. Sales last month of both single-family homes and condo/townhomes were down considerably compared to August of 2017. Inventory is now on the rise in several areas and we will be monitoring closely to see if this brings more buyers to the area this fall.

 Bethany Beach to Fenwick Island Real Estate Summer 2018 Market Update

On a personal note, September is always a special time for me. It was 29 years ago this month that I started a career in real estate at the beach. I cannot begin to express how fortunate I feel to have earned the trust of so many of you over the years and today, my group is stronger than ever. We continue to work with far more buyers and sellers than any

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Courtesy of Sea Colony Recreational Association, Inc
From Tom Olson

What’s happening at Sea Colony?  We’re preparing for the unofficial start of summer – beginning with the Memorial Day weekend!  We’ve spent the past month readying the beach, opening our pools, preparing our tennis courts and putting the finishing touches on landscape projects throughout the community.  We’ve added kayak racks, installed heaters at Tennis Pools 1&2 and increased our “On-Demand” parking program by adding Georgetowne House and Harbour House spaces.

There’s More!!  We’re waiting for our new tram. Big, white and energy-efficient, this is Sea Colony’s first new tram in a decade. We’re also rolling out the first ever Sea Colony app for smart phones. You can download the

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Published by: Sea Colony Recreational Association, Inc.
May 7, 2018  |  Bethany Beach, Delaware

Sea Colony – known as “The Premier Family Beach & Tennis Resort Community” – remains among the world’s elite tennis destinations, according to Tennis Resorts Online (TRO)’s 2018 rankings released on May 1. 

TennisResortsOnline.com, published by former Tennis magazine editor Roger Cox, ranked Sea Colony as the world’s No. 21 tennis resort and a Top 20 tennis camp, as well as No. 5 for "Best Overall Children’s Programs."

TRO's annual rankings are determined by tennis players, who were asked to evaluate resorts and camps in 20 categories, including tennis programs, instruction, lodging, restaurants and value. This latest global recognition adds to the

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Sea Colony Real Estate First Quarter 2018 Bethany Beach                               April 8 2018 Real Estate Graph Sea Colony East

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the beach real estate market was strong. In fact, conditions are more favorable today that they have been in over a decade from North Bethany to Fenwick Island and Sea Colony is no exception. 

Total sales, prices and the pace of sales are all trending in a positive direction for property owners on the West. For the last few months, we have communicated to you that the combination of high buyer activity and shrinking inventory would ultimately lead to the price rebound that we are experiencing today. In fact, the median sale price is up 3% when compared to 2017.  While total sales and sales volume statistics for the

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GENERAL MANAGER’S REPORT – February 16, 2018
To Sea Colony Homeowners
From Tom Olson

What’s Happening at Sea Colony? We began the New Year with a full 14-inch snowfall on Jan. 4th.   High winds and frigid temperatures added even more challenge, but our maintenance crews responded quickly keeping all roads and walkways open for emergency access while monitoring buildings for freezing pipes. We hope we’ve seen the last snowstorm for the season as we’re already focusing on summer 2018 and the many projects to be completed before then.    We are anxiously awaiting the arrival of a new beach tram as we begin a multi-year program to replace and upgrade our aging fleet.  The new tram features the latest diesel power technology, which should minimize breakdowns

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Sea Colony Year End Numbers

After the market experienced some softening in SC East from 2015 to 2016, sales surged on the East in 2017. Sales held steady on the West in 2017 while prices declined some. This is the result of the types of properties sold, not necessarily an over all softening of values. 

Activity was on pace to end the year with even more impressive numbers, but the active hurricane with the uncertainty of impending tax reform and limited inventory contributed to a temporary slow down late in the year.  We are pleased that the final tax bill is significantly better for homeowners than early versions. We have already felt an increase in activity in early 2018. 

On a personal note, the Leslie Kopp Group hit a big milestone in 2017, having surpassed $150

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We are more than half way through the year and sales activity in Sea Colony East continues to be exceptional. As the year-to-date chart illustrates, new contracts are up 32% when compared to January through July of 2016. Importantly, there has been a nice rebound in days to contract as properties are selling nearly two months more quickly this year compared to 2016.

Sea Colony Real Estate 2017 Market Conditions in Sea Colony East

With this in mind, there are currently 38 properties for sale on the East while one year ago, 32 properties were on the market. This means that while activity is strong, competition among listing continues to keep prices relatively stable.


As we have communicated with you many times in the past, it is never too early to begin strategizing about a future purchase or the future sale of

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We are more than half way through the year and overall sales activity in Sea Colony West continues to be exceptional when compared to 2016.

As the year-to-date chart illustrates, new contracts are up 28% when compared to January through July of last year. Importantly, however, limited inventory of properties in the $500,000 range and up has resulted in a reduction in higher dollar sales and a   lower median list price. There are currently 42 properties for sale on the West while one year ago, 63 properties were on the market.   Just one of these 42 active listings is above $500,000.  

 Sea Colony West Real Estate 2017

As we have communicated to you many times in the past, it is never too early to begin strategizing about a future purchase or a future sale. Please call our Sea

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General Manager’s Quarterly Report

Courtesy of Tom Olson
August 12, 2017

 

We’re having a great summer! The beach is full, the fitness center bustling and tennis courts are packed. Our weekly bonfires, money hunts and the regular bingo nights are more popular than ever. To summarize: all recreational facilities have operated without interruption, our recreation, tennis and aquatics teams have planned and executed a full summer season and our Security,  Housekeeping and Maintenance teams have been extremely busy in keeping Sea Colony’s facilities safe and ready for peak season activity.  Our Security Department has also increased rules enforcement including the monitoring of Westway Drive traffic and badge checks at beach crossovers.

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Courtesy of the Sea Colony Rec Association  |  June 27, 2017

Westway Drive Restriction

In an effort to enhance the safety of our residents and guests, the traffic that uses Westway Drive between Kent Ave. and Coastal Highway in Sea Colony will be restricted to only those cars displaying Sea Colony parking passes.  This change is effective on or about Wednesday, June 28.  

Any vehicles that do NOT display Sea Colony parking passes will be asked to NOT use Westway Drive, and to make a U-turn.  

The detour will be set every day between the hours of:

7:30 to 9:30 a.m. from Kent Avenue to Coastal Highway
3:30 to 5:30 p.m. from Coastal Highway to Kent Avenue 

Please keep this restriction in mind because there may be delays on Westway during those

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