Strong Market in Bethany Beach Heading into Summer

Posted by Leslie Kopp & Christi Arndt on Thursday, May 11th, 2023 at 3:36pm

Bethany Beach Market Update

 

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in sales in Bethany Beach when compared to 2022. However, there is currently a high level of activity as we head towards the upcoming summer season.

As the chart illustrates, values are up when compared to the same time period last year and while inventory is on the rise with 19 properties for sale, it is still far below pre-pandemic levels when it was common to have more than 150 properties available for sale in Bethany Beach. During the month of April, we listed a number of properties in Bethany that went under contract within just a few short days and the majority of these listing had multiple offers.    

As always, if we can offer you any real estate guidance, please give us a call.    

*Data was derived from the Sussex County MLS. Includes properties in Bethany Beach. May not reflect all activity in the marketplace.

 

 

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