Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May […]

  Last month, we shared that we were in a strong seller’s market at the beach with increasing real estate sales and declining inventory. This trend continued in July as 47 properties went under contract in Bethany Beach versus 29 during the same month last year. Inventory continues to fall as there were just 28 […]

Tuesday, May 19, Governor Carney announced additional steps allowing retail establishments and restaurants to expand operations – while maintaining social distancing to prevent spread of COVID-19. All retail establishments in Delaware may operate by appointment only beginning at 8:00 a.m. on Wednesday, May 20. Retail establishments covered by Tuesday’s announcement – including but not limited […]

On Friday, May 15 the Bethany Beach Town Council unanimously approved a plan for re-opening the Town’s beaches and boardwalk as well as modification to parking regulations for the C-1 commercial district downtown. Bethany Beach will fully re-open its beaches and boardwalk to the public at 5 p.m. on Friday, May 22. Lifeguards will be […]

The State of Delaware will open beaches and community pools on Friday, May 22 at 5pm. Governor Carney will lift restrictions on beach closures but strict social distancing and other rules will be in effect. Governor Carney made the announcement after consultation with public health experts at the Delaware Division of Public Health (DPH) and […]

While the stock market has shown volatility in recent weeks, the beach real estate market has remained very firm.  Mild winter weather and exceptional interest rates have contributed to strong buyer activity early in the year. As the chart illustrates, total sales are up 6% to-date when compared to the same time last year and […]

  We are often asked whether we are in a buyer’s market or a seller’s market at the beach. To clearly answer this question, we need to calculate Months of Inventory, also known as the  Absorption Rate. Generally speaking, 6 to 7 months of  inventory is a balanced market, more is a buyer’s market, less […]

Happy New Year! Last year at this time, we communicated to you that the Bethany market kept pace with a strong 2017. We are pleased to report that conditions trended upward in 2019 as there was an impressive 21% increase in sales volume! Importantly, there was an increase in sale prices and with the continuation […]

Last month, we reported that fall market conditions at the beach were strong.  We are pleased to report that this trend continued through October.  During the month, single family home sales in Bethany Beach were up considerably over 2018 (17 vs 11).  Meanwhile, after a strong September for the condo/townhome segment, there was some slowing […]

Last month, we reported that the fall market conditions were strong in the Bethany-Fenwick area.  We are pleased to report that this trend continued through October.  During the month, single family home sales were up considerably over 2018 (22 vs 14) in the Bethany-Fenwick area.  Meanwhile, there was some slowing in South Bethany as 2 […]