Slower Start, Inventory Limited in Bethany Beach
Last month, we reported that the exceptionally wet and cold winter weather was not ideal for prospective buyers to visit the beach. A look back at the first quarter shows us that total sales in Bethany were off by 22% when compared to a very strong start in 2018.
It is important to note that for quite some time, the number of properties actively for sale in Bethany Beach has been well below the 10 year average of 293 properties. There are currently 133 single family homes and condo/townhomes for sale – limited inventory continues to be a big factor!
We are proud to share that we had the fortunate opportunity to participate in 41% of the transactions in the Bethany-Fenwick area during the first quarter, representing the buyer, seller, or both parties. If you are considering buying or selling property at the beach, our market knowledge and experience in unmatched. Please give us a call 302-541-5207.
Leslie Kopp & Christi Arndt