While real estate activity in Bethany Beach was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 31 properties went under contract in Bethany Beach (versus 23 during the same time last year).
As the chart illustrates, sales are up year-to-date, while sales volume in dollars is flat. Inventory has doubled when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 8 days as the median days-to-contract.
So far this year, our group has participated in more than 30% of property sales in Bethany Beach. If we can offer you any real estate guidance, please give us a call.
Leslie Kopp
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