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Bethany Beach Real Estate Blog

Summer Slow Down

by Leslie Kopp

After a strong start to the year, the Bethany-Fenwick area experienced some slowing of the real estate market this spring which has continued into the summer, particularly for the single family home market. As the graph indicates, July was the third consecutive month when new contracts on single-family homes were down compared to the same […]

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Bethany-Fenwick Real Estate: Buyer’s Market

by Leslie Kopp

You might recall from previous messages that absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales if no new listings were added to the market. We like to measure absorption rates on June 30th each year as inventory tends to be near its […]

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Leslie Kopp Group Ranked Top in Nation

by Leslie Kopp

Long & Foster’s Kopp Group Ranked Top in Nation Compliments of the Long & Foster Newsroom July 9, 2015 Long & Foster Real Estate, the largest family-owned residential real estate company in the United States, announced today that The Leslie Kopp Group, based in Bethany Beach, Del., ranked 126th out of 250 for real estate […]

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Firm Bethany Beach Real Estate Market

by Leslie Kopp

We are five months into the year and a comparable look at sales to-date for Bethany Beach shows us that the strong 2014 single family home market has continued into 2015. Condo/townhome sales are weak compared to both 2013 and 2014, but there was a jump in new contracts during the month of May, so […]

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Flood Zone Remapping in Sussex County

by Leslie Kopp

The Federal Emergency Management Agency (FEMA) recently updated the flood risk maps for Sussex County. These maps were put into place by the county on March 16, 2015. If you are a homeowner or potential owner of real estate in the Bethany Beach or Fenwick Island area, this is important. Your property of interest may […]

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Normalcy Returns to Downtown Bethany Beach Following Construction Period

by Leslie Kopp

BETHANY BEACH, DE By Nicole Edenedo of WBOC 16,– Businesses are glad to have downtown Bethany Beach return to normal operations after a short period of street improvements end. After two years of closed roads, numerous traffic cones, road blocks and detour signs, store owners say they lost business due to congestion and confusion. Brooke […]

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Real Estate Sales Up, Pace Slows

by Leslie Kopp

After a strong start to the year where the Bethany-Fenwick area experienced a 43% increase in new contracts during the first 2 months, the robust pace of sales slowed some in March and a little more in April when compared to 2014. Nonetheless, April was an active month with 31 properties going under contract versus […]

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Buyer Activity Grows West of Route 1

by Leslie Kopp

Last year, the Bethany-Fenwick area experienced considerable strengthening of the $1 million+ market, mainly due to an increase in demand for properties located East of the Route 1 highway. While sales continue to remain strong on the Oceanside, buyer activity has picked up considerably West of Route 1 this year. As the chart indicates, in […]

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Vacation Homes: A Buyer’s Checklist

by Leslie Kopp

The market is heating up, but don’t be too quick to take the plunge. Here are issues to consider first. The market for vacation homes went into a deep freeze after the financial crisis. Now, it is basking in the sun. Sales of such properties shot up 57% in 2014 from a year prior, the […]

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February Sales Near Market Peak

by Leslie Kopp

Just a few weeks ago, I noted that buyer activity over President’s Weekend was the busiest I had experienced in quite some time. Now that negotiations have had a chance to wrap up, strong February numbers reflect this activity. As suspected, it was a very good month with 31 properties in the Bethany-Fenwick area going […]

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