This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. The market is clearly shifting as all areas moved in a favorable direction for buyers. We continue to stay in a seller’s market from North Bethany to South Bethany, but growing inventory in Fenwick Island has shifted that area into a buyer’s market.        

If you would like to discuss the market in more detail as a buyer or a seller,

Credit to: Coastal Point, Sam Sandler

A new pedestrian pathway was recently constructed in Bethany Beach along Collins Street, a portion of Kent Avenue and Wellington Parkway. While the project took approximately three months to be completed, many years of Bethany Beach Town Council discussions and subsequent planning were required to bring this new passageway for pedestrians and cyclists to life.

Bethany Beach Town Council Member Mickey Hinman is a strong advocate of the recently completed project, and he says this is just one of many steps he and other members of the town council hope will improve overall pedestrian safety in Bethany.

The recent improvements to the corridor allow cyclists and pedestrians to be separated from traffic, which

The summer season is upon us, and we have enjoyed seeing so many of you enjoying the area over the last few weeks! During the month of May, 20 properties went under contract in the Bethany-Fenwick area.  20 properties were also under contract at this time last year, and 21 in May of 2022. There is some softening of values, particularly in the single family home market. However, there are still plenty of buyers waiting for specific properties to be listed, especially those closest to the beach.

If you have any questions about the market in general or and specific property, please give us a call.

Leslie Kopp
(302) 541-5207        

Christi Arndt
(302) 245-5223               

Local summer produce is a huge component of what makes summers at the Delaware Beaches so remarkable!  Whether it's a seasonal dinner special at your favorite restaurant or spending the day with your family at one of many nearby farms, you're sure to be impressed by the delicious foods that are harvested locally.  The Southern Shore is flourishing with options when it comes to accessing locally grown produce at an affordable price.  Many farms in the area offer "you pick" days, where guests can pick blueberries, peaches, or whatever the farm specializes in.  Additionally, there are several Farmers' Markets in the area where you can purchase from multiple different farms in a one-top shoe, as well as flower vendors and more!  Just below is more

The Town of Bethany Beach will be hosting the Poseidon Festival again this year to celebrate Memorial Day Weekend!  Fun for all ages can be expected when you head downtown to the boardwalk and bandstand, with visits with mermaids & pirates, a costume contest, a Bethany Beach First Responder meet & greet, mammal rescue exhibits courtesy of the Marine Education, Research and Rehabilitation Institute, live music, and more starting Friday through Monday!  Come Monday, The Veterans Foreign Wars Post 7234 will host a memorial service at the bandstand near the flagpole. This weekend will be one for the books as The Town of Bethany Beach kicks off Summer 2024.  For more information on this event, check the schedule below or contact The Town of Bethany Beach!

Happy Spring! Last month, we shared with you that after many years of deficient inventory, we were starting to see properties coming on the market more frequently. As we start the month of May, this trend continues as inventory in the Bethany-Fenwick market is up 58% when compared to the same time last year.

The beach real estate market remains firm. As the chart illustrates, sales activity is up 14% so far this year when compared to the first 4 months of 2023 and sales volume is up 19%. Properties are taking a little longer to sell with 11 days as the median days-to-contract so far this year, vs. 9 days last year. Meanwhile, prices are stable.      

The busy Summer season is just around the corner, if we can offer you any real estate guidance,

Credit to: Coastal Point, Ellen Driscoll

Boasting a new deep-water entrance, South Shore Marina on the southerly side of the Indian River Inlet bridge has just eight boat slips left available for purchase.

Permitting took three years for the marina entrance to be moved to the west jetty, said Marina Manager Laura Leslie; the $800,000 construction project was necessary to allow for safe entrance.  

Previously, sand deposits had often blocked boat traffic at the mouth of the channel, or caused bent props or grounding. The area was dredged annually, Leslie said, but shoaling continued with each storm event and blowout tide, presenting hazards for boaters and preventing access to the marina.

The marina has been around for 60

Looking for a fun activity for friends and family this Easter Weekend? Check out below for all the currently planned events in and around the Bethany Beach area! We recommend calling to make reservations for brunch, as these spots can fill up quickly.

Easter Brunch, Sunday March 31st, in/near Bethany Beach DE:

Bear Trap Dunes - 10am-2pm
Big Fish Grill - 10am-7pm (Ocean View & Rehoboth)
Bluecoast - 10am-3pm (Bethany & Rehoboth)
Catch 54 - 10am-3pm
Cottage Cafe - 10am-3pm
Northeast - 10am-3pm

Easter Egg Hunts, Saturday March 30th, in/near Bethany Beach DE:

Salted Vines Vineyard - 2-3pm
Frankford Town Park - 12pm
Dagsboro Fire House - 10am

March has arrived and we are looking forward to longer light filled days ahead! The Bethany-Fenwick area had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts were up 34% when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 30%.   Properties that are priced appropriately continue to sell very quickly and the average sale price for properties settled in January and February was down 5% when compared to the same months in 2023. This is due to the fact

As we head into what is typically a strong selling season for beach property, this is a time we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, all areas have 2 months of inventory or less. We are clearly still in a strong seller’s market due to inventory shortages, but as the chart illustrates, the trend has changed direction when compared to the same time last year.

This shift is a good representation of what we are currently experiencing in the marketplace. There is