South Bethany Beach Real Estate

Found 47 blog entries about South Bethany Beach Real Estate.

After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!  

In South Bethany, 4 properties went under contract during the month and 3 of these properties were on the market for less than 40 days! As the chart illustrates, year-to-date market activity has been firm when compared to 2017. While total sales are down some, properties are going under contract more than a month quicker than a year ago, prices are up, and higher-end sales have nearly doubled.

South Bethany Real Estate 2018 Fall Market Update

These are encouraging trends for property owners and over-all, we are very optimistic about the South Bethany market as we head into 2019!

This Thanksgiving

18 Views, 0 Comments

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

18 Views, 0 Comments

South Bethany August 1 2018 Market Update

It is hard to believe that we are more than half of the way through the year and while the beach real estate market as a whole is trending in a positive direction, South Bethany has experienced some slowing in total sales.

As the chart indicates, through July, the number of properties put under contract is down 14% when compared to the first 7 months of last year. Meanwhile, the pace of sales has improved and $1million+ transactions are up considerably, leading to an increase in total sales volume to-date. Inventory is down across most areas of South Bethany which is certainly a factor. This time last year, there were 25 properties for sale versus 18 on the market today.

It’s never too early to begin strategizing. If you are considering a future

142 Views, 0 Comments

/Delaware Beach Property Values on the Rise

One year ago, we communicated to you that after nearly 5 years of price stability, we were beginning to see property values on the rise. As the graph illustrates, there is no question that prices continue to climb. The median sale price of single family homes and condo/townhomes sold through May of this year is up a significant 8% when compared to 2017. 

While values as a whole are still more than 20% lower than 2006 when prices peaked, the appreciation that the market has experienced over the last 12 months is significant! Please let us know if you are considering buying or selling at the beach.  We would love the opportunity to speak with you. 

Leslie  

 

*Data was derived from the Sussex County MLS. Includes new contracts on properties

342 Views, 0 Comments

Bethany Beach Real Estate Statistics First Quarter 2018

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the overall beach real estate market was strong. In fact, conditions are more favorable today than they have been in over a decade from North Bethany to Fenwick Island.

Total sales, prices and the pace of sales are all trending in a positive direction. For more than a year, we have been communicating to you that the combination of high buyer activity and shrinking inventory would lead to the rising prices that we are experiencing today. In fact, median sale prices are up between 3% and 6%, depending on the property type and location when compared to 2017.      

It’s never too early to begin strategizing! Please give us a call to discuss how to

139 Views, 0 Comments

 Bethany - Fenwick Island Real Estate

Real Estate Fenwick Island March 2018 Stats

One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive for the market as a whole. The number of properties that went under contract during the first two months from North Bethany to Fenwick Island was up 22% year-over-year !

Sales volume in dollars is up by less because the majority of the increase is attributed to condo/townhome activity (39 vs 24 new contracts). Single family home sales softened some due to the continuation of limited inventory (28 vs 34).

South Bethany sales are down slightly (4 vs 5) which is due to very low inventory while Fenwick Island sales (5 vs 6)

124 Views, 0 Comments

bethany beach real estate absorption rates

 

We are often asked whether it is a buyer’s market or a seller’s market at the beach. Knowing the Months of Inventory available helps to determine the type of market. Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally, 7 months of inventory is a neutral market, more is a buyer’s market, less is a seller’s market.

The areas of South Bethany (4 months) and Bethany Beach (6 months) are both a seller’s market for single family homes. North Bethany and Fenwick Island are technically in a buyer’s market with 12 months of inventory. However, several properties recently listed for sale went under contract within a few days and some homes received multiple offers very

557 Views, 0 Comments

South Bethany Real Estate Sales

After significant strengthening from 2014 to 2016, the South Bethany market remained robust in 2017. Activity was on pace to end the year with even more impressive numbers, but the uncertainty of impending tax reform and limited inventory in many areas 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. The continuation of low inventory in most areas at the beach is positive for property owners and makes it extremely important for buyers to work with an experienced agent.

View all property for sale in South Bethany. 

Leslie Kopp

156 Views, 0 Comments

Year-to-date, 2017 has been exceptional for property owners! As the snapshot below illustrates, the Bethany Beach and Fenwick Island market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators.

Bethany Beach Real Estate Sales Statistics November 2017


We did experience some slowdown in sales at the beach in late September that continued into October for both single family and condo/townhomes. Limited inventory is a big contributing factor. Additionally, the impending tax reform could have some buyers on pause until there is less uncertainty surrounding our future tax structure. We will know more in the coming months, but this is something to watch.

We would like to wish you and your loved ones a safe and joyful Thanksgiving!

Leslie Kopp

271 Views, 0 Comments

Our favorite time of year is upon us! Warm ocean breezes and light traffic make for ideal Autumn conditions at the beach. We hope you are able to enjoy some quality time on the Delaware Coast in the coming weeks.

Early in 2017, we communicated to you that real estate sales were at levels we had not experienced in the last 10 years and all signs pointed to the continuation of a strengthening market. Now that the busy summer season has ended, we can report with confidence that this trend has endured.
Bethany Beach Real Estate Sales Up


In fact, there were year-over-year gains in new contracts for 11 of the last 12 months. This is the longest period of positive upward movement that we have experienced in more than a decade. In the Bethany-Fenwick area, 48 properties sold in the month of

889 Views, 0 Comments

Sign up for email updates