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Bethany Beach Real Estate Blog

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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End of Summer Surge in Sales Activity

by Leslie Kopp

Our favorite time of year is upon us! Warm ocean breezes and light traffic make for ideal Autumn conditions at the beach. We hope you are able to enjoy some quality time on the Delaware Coast in the coming weeks. Early in 2017, we communicated to you that real estate sales were at levels we […]

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Bethany Beach: High-End Property Sales Rise, Low Inventory

by Leslie Kopp

We are more than half way through the year and buyer activity has remained strong as sales continue to outpace new listings. In Bethany Beach, 12 single family homes and 18 condo/townhomes went under contract in July. This compares to 9 and 20, respectively, in 2016. As the chart illustrates, from January through July, single […]

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Inventory Shrinking at the Beach

by Leslie Kopp

Inventory levels at the beach are as low as we have experienced in many years. In the Bethany Beach and Fenwick Island area, the number of single-family homes and condo/townhomes currently for sale is down 30% and 18% respectively when compared to July of 2016. If you follow our blog, you might recall that this […]

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Beach Values on the Rise

by Leslie Kopp

For much of 2017, we have been communicating to you that the beach real estate market is strong. After many years of price stability, all indications tell us that values are now on the rise. Low inventory levels coupled with high buyer activity continues to put upward pressure on prices for much of the market. […]

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Strongest Start to the Year in More than a Decade

by Leslie Kopp

While January and February can be slower months for real estate sales on the Delaware coast, this year has proven otherwise. During the first two months of 2017, 59 properties went under contract in the Bethany-Fenwick area. This is the strongest start to the year that the market has experienced in more than a decade. […]

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