Although the real estate market was off to a slow start early in the year, there was a distinct increase in buyer activity in late March that carried through April. We are pleased to report that April sales in the Bethany-Fenwick Market significantly outpaced the two years prior for both single family homes and condo/townhomes.  […]

Last month, we reported that the exceptionally wet and cold winter weather was not ideal for prospective buyers to visit the beach.  A look back at the first quarter shows us that total sales in Bethany were off by 22%  when compared to a very strong start in 2018. It is important to note that […]

One year ago, we reported to you that the Bethany-Fenwick Market had experienced the strongest start to the year in more than a decade.  So far in 2019, the market has not been able to keep pace with an exceptional 2018.  However, it is important to note that over-all conditions are comparable to 2016 and […]

For much of the last 2 years, we have communicated to you that buyer activity was strong while inventory was shrinking at the beach. With that in mind, it was no surprise that January absorption rates continue trending in the direction of a seller’s market. This indicates that in most areas there will be upward […]

Happy New Year!  In 2018, the Bethany Beach real estate market as a whole kept pace with a strong 2017 and as the year-end chart illustrates, the condo/townhome segment was up a significant 12%! While the highest price paid and $1million+ sales were both lower than last year, this was a reflection of limited inventory […]

After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. In Bethany Beach alone, 28 properties went under contract versus 17 last year. October single-family home sales matched 2017 while condo/townhome sales more than doubled (21 vs. 10). Buyers benefited from a nice […]

Year-to-date, 2017 has been exceptional for property owners! As the snapshot below illustrates, the Bethany Beach and Fenwick Island market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators. We did experience some slowdown in sales at the beach in late September that continued […]

After the strongest start to the year in more than a decade, real estate activity slowed early this summer and the trend carried through August. Sales last month of both single-family homes and condo/townhomes were down considerably compared to August of 2017. Inventory is now on the rise in several areas and we will be […]

It is hard to believe that we are more than half of the way through the year and as the chart indicates, year-to-date real estate sales activity has been strong when compared to the same time period in 2017. Total sales, prices and the pace of sales are trending in a positive direction in Bethany. […]

One year ago, we communicated to you that after nearly 5 years of price stability, we were beginning to see property values on the rise. As the graph illustrates, there is no question that prices continue to climb. The median sale price of single-family homes and condo/townhomes sold through May of this year is up […]