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Bethany Beach Real Estate Blog

Bethany Beach Holds Strong in 2018

by Leslie Kopp

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 […]

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Bethany Beach Market Strong in Fall

by Leslie Kopp

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 […]

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Impressive Year-to-Date Trends, October Slowdown at the Beach

by Leslie Kopp

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 […]

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Summer Sales Slow at the Beach, Inventory Begins to Rise

by Leslie Kopp

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 […]

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Exceptional Start, Sales Slow Mid-Year in Bethany

by Leslie Kopp

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. […]

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Property Values on the Rise

by Leslie Kopp

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 […]

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Exceptional First Quarter at the Beach

by Leslie Kopp

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the overall beach real estate market was strong. In fact, conditions are more favorable today than they have been in over a decade from North Bethany to Fenwick Island. Total sales, prices and the pace of sales […]

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Early Surge in Real Estate Activity for Bethany Beach

by Leslie Kopp

One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive. The number of properties that went under contract during the first two months in Bethany was up 22% year-over-year ! Sales […]

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Buyers or Sellers Market at the Beach

by Leslie Kopp

We are often asked whether it is a buyer’s market or a seller’s market at the beach. Knowing the Months of Inventory available helps to determine the type of market. Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally, 7 […]

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Bethany Beach Year End Market Report 2017

by Leslie Kopp

After significant strengthening from 2015 to 2016, the Bethany Beach market held firm in 2017. Activity was on pace to end the year with even more impressive numbers, but the uncertainty of impending tax reform and limited inventory in many areas contributed to a temporary slow down late in the year. We are pleased that […]

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