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North Bethany Beach Real Estate

North Bethany Market Rebounds 2018

by Leslie Kopp

Happy New Year!  Last year at this time, we communicated to you that while North Bethany sales were slow in 2017,  we felt that the numbers were not telling the whole story.  Market conditions were stronger than the statistics portrayed, and we anticipated a notable improvement.  As the year-end report shows, this certainly came true […]

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Beach Market Stregthens in Fall, NB Slower

by Leslie Kopp

After a late summer slowdown, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory! Meanwhile, there was some slowing in North Bethany as only 2 properties went under contract versus 3 last year. We were fortunate to participate in […]

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Impressive Year-to-Date Trends, October Slowdown at the Beach

by Leslie Kopp

Year-to-date, 2017 has been exceptional for property owners! As the snapshot below illustrates, the Bethany Beach and Fenwick Island market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators. We did experience some slowdown in sales at the beach in late September that continued […]

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Exceptional Start, Sales Slow Mid-Year in NB

by Leslie Kopp

It is hard to believe that we are more than half of the way through the year and as the chart indicates, year-to-date real estate sales activity has been exceptional when compared to the same time period in 2017. Total sales, prices and the pace of sales are trending in a positive direction for North […]

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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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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 North Bethany Real Estate Sales

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 at the beach. The start to 2018 has been even more impressive. The number of properties that went under contract during the first two months in North Bethany was 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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North Bethany Stronger than Numbers Reflect

by Leslie Kopp

After solid strengthening from 2015 to 2016, the year-end report for North Bethany tells us that the market softened significantly in 2017, but we disagree. The numbers do not tell the whole story. Limited inventory was a big factor in 2017, particularly for homes one-off the ocean and mid-beach block. What appeared to be sufficient […]

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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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