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Found 2 blog entries tagged as #bethanybeach #realestate #marketupdate #lesliekopp.

Happy New Year!  We hope you and your family had a safe and healthy holiday season.  As we look back on the 2023 beach real estate market, you might recall that the first few months were much slower when compared to 2021 and 2022. Inventory shortages continued to play a role in the slow down and interest rates rose to their highest level in more than 20 years. Sales picked up some in August and the positive momentum carried through the end of the year.  

In December, there was good news for the real estate market when the Federal Reserve held their key interest rate steady for the third time and suggested that there could be rate cuts in 2024. This news has us optimistic about the year ahead for Bethany Beach Real Estate.  If you have any

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Bethany Beach Market Update

It is hard to believe that Labor Day weekend is right around the corner, we hope you are having a wonderful summer! While total real estate sales are down 25% year-to-date in Bethany Beach, the market remains firm.  It has been more than a year since the “buyer frenzy” we experienced in 2020 through early 2022.  So far this year, our group has participated in 40% of property sales in the 19930 zip code.    If we can offer you any real estate guidance, please give us a call.

 

Leslie Kopp                                   Christi Arndt   
(302) 542-3917                              (302) 245-5223        

 

 

*Real estate sales data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties sold or under

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