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North Bethany Beach Real Estate

Positive Start to 2020 for Bethany-Fenwick Real Estate Market

by Leslie Kopp & Christi Arndt

While the stock market has shown volatility in recent weeks, the beach real estate market has remained very firm.  Mild winter weather and exceptional interest rates have contributed to strong buyer activity early in the year. As the chart illustrates, total sales are up 6% to-date when compared to the same time last year and […]

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Strong Seller’s Market

by Leslie Kopp & Christi Arndt

  We are often asked whether we are in a buyer’s market or a seller’s market at the beach. To clearly answer this question, we need to calculate Months of Inventory, also known as the  Absorption Rate. Generally speaking, 6 to 7 months of  inventory is a balanced market, more is a buyer’s market, less […]

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North Bethany Market Remains Strong in 2019

by Leslie Kopp & Christi Arndt

Happy New Year! Last year at this time, we communicated to you that North Bethany experienced an impressive 58% rise in sales volume over 2017. While the market remained very strong in 2019, sales were down some compared to an exceptional 2018. Importantly, there was an increase in sale prices and with the continuation of […]

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North Bethany Market Remains Strong in Fall

by Leslie Kopp & Christi Arndt

Last month, we reported that fall market conditions were strong at the beach. We are pleased to report that this trend continued through October. During the month, real estate sales in North Bethany were up considerably over 2018 as 5 properties went under contract vs 2 last year. We had the fortunate opportunity to be […]

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North Bethany Market Remains Firm Amid Slower Sales

by Leslie Kopp & Christi Arndt

After a slower start to the year, the real estate market at the beach picked up nicely in the second quarter of 2019 and activity remained strong through the third quarter.  While new contracts in North Bethany were down slightly in September (2 vs. 3), this follows 4 straight months where sales out-paced the same […]

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Strengthening Market with Surge in July Sales in North Bethany

by Leslie Kopp & Christi Arndt

  The Bethany-Fenwick market experienced a significant upswing in buyer activity in July! Click here to view our blog post with an update on the market as a whole. The chart provided includes year-to-date market data for North Bethany. Notably, condo/townhome sales are up a significant 20% compared to he same time period of last […]

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Market Trend Shifts Direction

by Leslie Kopp & Christi Arndt

You might recall that this is the time of year when we like to share absorption rates with you. This statistic tells us whether we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels. Generally speaking, 7 months of […]

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Average Price & Active Inventory in North Bethany

by Leslie Kopp & Christi Arndt

We are often asked about the direction of prices and how values at the beach compare to the market peak or other points in time. There is no question that values are rising for the market as a whole and as the graph illustrates, they are climbing in North Bethany.  All signs point to the […]

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Strong Rebound in April for Bethany-Fenwick Market

by Leslie Kopp & Christi Arndt

Although the real estate market was off to a slow start early in the year, there was a distinct increase in buyer activity in late March that carried through April. We are pleased to report that April sales in the Bethany-Fenwick Market significantly outpaced the two years prior for both single family homes and condo/townhomes.  […]

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Slower Start, Inventory Limited in North Bethany

by Leslie Kopp & Christi Arndt

Last month, we reported that the exceptionally wet and cold winter weather was not ideal for prospective buyers to visit the beach.  A look back at the first quarter shows us that total sales in North Bethany were off nearly 40% when compared to a very strong start in 2018. However, two encouraging statistics are […]

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