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South Bethany Beach Real Estate

Fenwick Island Market Slows Some in 2018

by Leslie Kopp

  Happy New Year!  After significant strengthening from 2015 to 2017, the 2018 year-end real estate report for Fenwick Island shows us that the market experienced a slight slow down last year.  These statistics do not tell the whole story! Total sales in the market as a whole from Fenwick Island to North Bethany held […]

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South Bethany Market Remains Strong in 2018

by Leslie Kopp

Happy New Year!  In 2018, the South Bethany Beach real estate market kept pace with a strong 2017 and as the year-end chart illustrates, the $1million+ segment was exceptionally strong. All key market statistics were very positive in South Bethany which continues to put upward pressure on prices. Our group was fortunate to participate in […]

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South Bethany Sales Firm, Market Conditions Strong

by Leslie Kopp

After a late summer slow down, 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! In South Bethany, 4 properties went under contract during the month and 3 of these properties were on the market for less than 40 […]

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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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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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Beach Market Strong, South Bethany Sales Slower

by Leslie Kopp

It is hard to believe that we are more than half of the way through the year and while the beach real estate market as a whole is trending in a positive direction, South Bethany has experienced some slowing in total sales. As the chart indicates, through July, the number of properties put under contract […]

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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 Activity, South Bethany & Fenwick Steady

by Leslie Kopp

Bethany – Fenwick Island Real Estate 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. The start to 2018 has been even more impressive for the market as a whole. The number of properties that went under contract during […]

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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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