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Fenwick Island Real Estate Blog

Modest Improvement in August

by Leslie Kopp

Traffic is a little lighter and our beaches are a little quieter. This is our favorite time of the year! I hope that you have a chance this fall to enjoy the wonderful restaurants, beaches, and shops that make the Bethany-Fenwick area such a special place. In last month’s message, I communicated that after a […]

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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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Brief History of Fenwick Island

by Leslie Kopp

Fenwick takes its place among Quiet Resorts Article Courtesy of Gannett Publishing Michael Morgan, 11:54 a.m. EDT July 7, 2015 There was not widespread approval of the border between Delaware and Maryland. Because of some fuzzy colonial geography, both William Penn, proprietor of Pennsylvania and Delaware, and Lord Baltimore, the proprietor of Maryland claimed Fenwick […]

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Fenwick Island Market, Mixed Results

by Leslie Kopp

We are five months into the year and a look at Fenwick Island real estate sales to-date shows us that the single-family home market is off to a good start while the condo/townhome market is slightly weaker as compared to 2014. As the chart indicates, the number of single-family homes that have settled this year […]

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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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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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