July 29, 2020

Coastal DE Market Update - June 2020

June 17, 2020

Coastal DE Market Update - May 2020

Posted in Market Updates
Jan. 29, 2020

Coastal Collection Magazine, Volume 7

Posted in Marketing
Jan. 29, 2020

Coastal DE Market Update - January 2020

Posted in Market Updates
April 23, 2019

Top 7 Seller Tips

Jan. 31, 2019

State of the Market - 2017 vs 2018

Posted in Market Updates
Jan. 31, 2019

January 2019 - Luxury Market Report

Posted in Market Updates
Nov. 15, 2018

Market Update - November 2018

Although interest rates are increasing, demand continues to remain strong throughout the Bethany Beach market. However, it is interesting to note that the highest average sold price in peak year 2006 is still 18 percent above the 2018 average sold price.

We typically see activity decrease as we approach the holidays but inventory is currently low. This is helping to stabilize demand and increase values within specific areas and communities. Over the last 30 days, 27 single family homes have gone under contract versus 23 during the same time last year. Furthermore, new construction continues to remain strong. In fact, since mid-year over 50 percent of the 2,662 building permits issued statewide were in Sussex County. One of our hottest markets is new construction in the range of $600k to $1.5 million.

2018 Market Stats

Bethany Beach:
Average Days on Market, Sold: 124 (-31% vs 2017)
Total Units Sold: 134 (+14% vs 2017)
Sale Price to List Price Ratio: 97.3% (+1.2% vs 2017)

Rehoboth Beach:
Average Days on Market, Sold: 112 (-13% vs 2017)
Total Units Sold: 276 (+4% vs 2017)
Sale Price to List Price Ratio: 97.3% (+1.2% vs 2017)

Lewes:
Average Days on Market, Sold: 82 (-17% vs 2017)
Total Units Sold: 388 (-10% vs 2017)
Sale Price to List Price Ratio: 97.3% (+1.2% vs 2017)

Posted in Market Updates
Aug. 1, 2018

2018 Mid-Year Review

Summary & Comparative Analysis

Feb. 8, 2018

Market Update - February 2018

Comparative 2017 vs 2016 Statistics