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General Area News

Retail establishments and restaurants allowed to increase services

by Leslie Kopp & Christi Arndt

Tuesday, May 19, Governor Carney announced additional steps allowing retail establishments and restaurants to expand operations – while maintaining social distancing to prevent spread of COVID-19. All retail establishments in Delaware may operate by appointment only beginning at 8:00 a.m. on Wednesday, May 20. Retail establishments covered by Tuesday’s announcement – including but not limited […]

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Bethany Beach to re-open beach and boardwalk next weekend, parking changes approved

by Leslie Kopp & Christi Arndt

On Friday, May 15 the Bethany Beach Town Council unanimously approved a plan for re-opening the Town’s beaches and boardwalk as well as modification to parking regulations for the C-1 commercial district downtown. Bethany Beach will fully re-open its beaches and boardwalk to the public at 5 p.m. on Friday, May 22. Lifeguards will be […]

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Beaches & Pools Open in Delaware, Short Term Rental Restrictions Remain in Effect

by Leslie Kopp & Christi Arndt

The State of Delaware will open beaches and community pools on Friday, May 22 at 5pm. Governor Carney will lift restrictions on beach closures but strict social distancing and other rules will be in effect. Governor Carney made the announcement after consultation with public health experts at the Delaware Division of Public Health (DPH) and […]

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No Surprise: Trend Continues to Seller’s Market

by Leslie Kopp & Christi Arndt

For much of the last 2 years, we have communicated to you that buyer activity was strong while inventory was shrinking at the beach. With that in mind, it was no surprise that January absorption rates continue trending in the direction of a seller’s market. This indicates that in most areas there will be upward […]

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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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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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