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 properties sold in Sea Colony. May not reflect all activity in the marketplace.

During the first quarter of 2025, the Sea Colony real estate market was softer when compared to 2024. Total sales were down 52% (11 vs 23) during the first quarter. Inventory is growing and properties took nearly 2 months 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 call if you are a potential buyer or seller and would like to discuss the market

March has arrived and after a winter with multiple snowstorms in a few short months, we are grateful for warmer, light-filled days ahead!

As the chart illustrates, Sea Colony had a slower start to the year for real estate activity. Through the first two months of 2025, properties took about a week longer to sell and new contracts were down 38% when compared to last year. Sales volume in dollars (based on list price) was down less, at 23% and the average sale price for properties settled in January and February was up 20% when compared to 2024.

As always, if we can help you with your real estate goals or needs, please reach out to our Sea Colony Experts:

Gail Phelan               Chris Housman
(302) 233-4909          (302) 853-0192

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, both Sea Colony East and West have 2 months or less of inventory and we remain in a Seller’s Market.

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, 5 properties went under contract in Sea Colony. This

*Data was derived from the Sussex County MLS. Includes properties sold in Sea Colony. 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 Sea Colony 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 Sea Colony real estate, it is never too early to

Last month, we shared with you that real estate sales had been strong through the first 3 quarters of the year. This carried into October as 9 properties in Sea Colony went under contract last month. This is up 29% compared to 7 sales in October of 2023. As the graph illustrates, the median sale price for properties on both the East and West have risen in 2024.  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! If you are considering a purchase or a sale, it is never too early to have a conversation. Please reach out to our Sea Colony experts:

Gail Phelan                    Chris Housman
(302) 233-4909               (302)

Last month, we reported that the Sea Colony real estate market had picked up some in August. Unfortunately, that momentum was not as strong in September. During the month, 6 properties went under contract. This compares to 7 sales during the same month last year.

Through the first 3 quarters of the year as a whole, the market has been strong for sellers of all property types and locations in Sea Colony. While it is taking just a few days longer for properties to sell, the median sale price on both the East and West is up considerably.   If you would like to discuss the current environment in more detail, we always welcome a conversation.

Please call our Sea Colony Experts: Gail Phelan (302) 233-4909 and Chris Housman (302) 853-0192

This

Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me, personally, as it marks 35 years since starting my career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, Gail Phelan, Chris Housman, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

After a flurry of activity in July, the beach real estate market slowed some in August when compared to the last year. During the month, 7 properties went under contract in Sea Colony. This compares to 9 during the same month last year. As the

Real estate activity in Sea Colony has remained strong when compared to last year.   After a firm Spring market that was fueled by increased inventory and more buying options, we experienced a nice flurry of activity in June and July. During those 2 months, 15 properties went under contract in Sea
Colony (versus 10 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 156% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 12 days as the median days-to-contract.

So far this year, our Sea Colony Specialists have participated in nearly 30% of property sales in Sea

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. Both Sea Colony East and West continue to stay well under a balanced market due to good buyer activity. While inventory is growing (especially on the East), it remains a seller’s market.

If you would like to discuss the market in more detail as a buyer or a seller, please call our Sea Colony Specialists.

Gail Phelan