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South 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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South Bethany Market Surge in 2019

by Leslie Kopp & Christi Arndt

Happy New Year! Last year at this time, we communicated to you that the South Bethany market kept pace with a strong 2017. We are pleased to report that conditions trended upward in 2019 as there was an impressive 15% increase in properties sold! Importantly, there was an increase in sale prices and with the […]

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Q3 Strong as South Bethany Sales Remain Firm

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 continued to be very strong through the 3rd quarter.  In fact, 12 properties went under contract in South Bethany vs. 10 during the 3rd quarter of 2018. As the chart […]

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Strengthening Market with Surge in July Sales in South 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 South Bethany. Notably, the days on market pace has improved as year to date we are at 85 days […]

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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 South 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 South 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 South 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 South Bethany were off nearly 35% when compared to a very strong start in 2018. However, two encouraging statistics are […]

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Slower Start at the Beach, Market Firm in Bethany-Fenwick Market

by Leslie Kopp & Christi Arndt

One year ago, we reported to you that the Bethany-Fenwick Market had experienced the strongest start to the year in more than a decade.  So far in 2019, the market has not been able to keep pace with an exceptional 2018.  However, it is important to note that over-all conditions are comparable to 2016 and […]

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