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General Area News

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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The Leslie Kopp Group Recognized Among Top Teams in Nation

by Leslie Kopp

Bethany Beach-based team earns 141st spot on REAL Trends’ The Thousand list CHANTILLY, Va., July 9, 2018 – The Leslie Kopp Group of Long & Foster Real Estate has been named as one of the top real estate teams in the nation. The Bethany Beach, Delaware-based team ranked 141st nationwide based on its 2017 sales […]

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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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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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Tax Reform : Real Estate Summary

by Leslie Kopp

There is no question that the pending tax reform bill has weighed heavily on the minds of buyers and sellers over the previous few weeks and although the final tax reform bill is certainly not perfect, we are pleased that it is significantly better for homeowners than previous versions. Mortgage interest deductions have been reduced […]

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Holiday Happenings in Bethany Beach

by Leslie Kopp

The first three Saturdays in December will bring the Bandstand back to life! Gather with friends and family to spread some holiday cheer around the tree with performances by a different group each week. We encourage you to bring hats, gloves, scarves, and canned goods to be donated to local charities. December 2: The Christmas […]

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Conventional Loan Limits Increase

by Leslie Kopp

The Federal Housing Finance Agency (FHFA) has announced the 2018 Conventional Loan limits. For Sussex County, DE, the new loan limit is going from $ 424,100 to $ 453,100. Loans with the new limits may close on or after 12/11/17. Search for your new home in Delaware: https://www.bestofbethany.com/idx/search_form.html

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Leslie Kopp Group Ranked Top in the Nation

by Leslie Kopp

Long & Foster’s Leslie Kopp Group Ranked Top in Nation Bethany Beach-based team earns 159th spot on REAL Trends’ The Thousand list CHANTILLY, Va. – The Leslie Kopp Group of Long & Foster Real Estate, based in Bethany Beach, Delaware, ranked 159th among real estate teams nationwide based on sales volume in 2016 on REAL […]

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404 Widening Project Update

by Leslie Kopp

Courtesy of the Bethany-Fenwick Area Chamber of Commmerce WHATS HAPPENING ON 404?! Delays are expected as the 404 widening project continues throughout the summer. Progress can be a tricky thing – to go forward it is often necessary to forge new roads, which has certainly been the case in the process of creating a dual […]

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Delaware Real Estate Transfer Tax Rises 1%

by Leslie Kopp

Earlier this month, the Delaware General Assembly voted in favor of House Bill 279 which increased the Realty Transfer Tax by 1%. The increased tax will apply to contracts dated on or after August 1, 2017. The current total transfer tax is 3% and it is typically split equally between the buyer and seller at […]

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