Strong Market in South Bethany Heading into Summer

Posted by Leslie Kopp & Christi Arndt on Tuesday, May 23rd, 2023 at 12:02pm

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

As the chart illustrates, values are up when compared to the same time period last year and while inventory has risen slightly with 5 properties for sale, it is still far below pre-pandemic levels when it was common to have approximately 20 properties available for sale in South Bethany. During the month of April, we listed a number of properties 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 South Bethany. May not reflect all activity in the marketplace.

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