Slower Start, Inventory Limited in North Bethany
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 North Bethany were off nearly 40% when compared to a very strong start in 2018. However, two encouraging statistics are that the sale-to-list price ratio increased and properties that sold went under contract more than 3 months faster than last year’s pace.
It is important to note that for quite some time, the number of properties actively for sale in North Bethany has been well below the 10 year average of 56 properties. There are currently 34 active listings. Limited inventory continues to be a big factor!
We are proud to share that we had the fortunate opportunity to participate in 80% of the transactions in North Bethany during the first quarter, representing the buyer, seller, or both parties. If you are looking to buy or sell, our market knowledge and experience in unmatched. Please give us a call at 302-541-5207.
Leslie Kopp & Christi Arndt