Fifteen years ago, when my wife and I built our current home, the biggest decision we debated was whether to upgrade our granite countertops. Fast forward to today, and we’re back in the trenches of the building process, only now, the choices feel more like negotiating with NASA than picking out ki

Hiring an architect instead of working directly with a builder to design your home can offer several important benefits, especially if you want a custom or high-quality result. Here’s a breakdown of the main advantages:1.) Truly Customized Design Architect: Designs a home specifically for your lif

Building a Beach Home in Coastal Delaware: Process, Costs, and Negotiation Strategies Building a custom beach home in coastal Delaware is an exciting opportunity to create a property perfectly tailored to your lifestyle, whether for full-time living, seasonal use, or investment purposes. The proces

Eddie Van Halen’s 1982 custom guitar is headed to Sotheby’s Auction this fall with an expected sale price of $2–3 million (NME/Sotheby’s). For music fans, it is a reminder that iconic moments can resurface with new value long after the spotlight has shifted. In Bethany Beach, the same idea applies t

Inventory has seen a modest increase compared to this time last year, while sales activity is up 12%, reflecting sustained demand, particularly within the higher-end segment of the market. Market fluctuations and economic shifts could result in opportunity, as outlined in our Mid-Year Luxury Outloo

What percentage of U.S. homebuyers purchase at asking price?56% of today's U.S. homebuyers are paying full asking price or more according to newly released research by the National Association of Realtors® (NAR).This significant market trend highlights the importance of informed pricing strategies

The summer season is here and our market continues to demonstrate strong momentum, with key indicators pointing to a resilient market: Average days on market remain low at just 16 days, reflecting sustained buyer demand across the region. While inventory has increased by 15%, supply remains tight

For over a decade, Coastal Delaware has benefited from a consistently strong real estate market. This period has marked an extraordinary chapter for our small state. As we approach the height of the selling season, broader national and global economic trends are beginning to shape buyer and seller b

The most significant market data point is the increase in listing inventory. Year over year (2025 vs. 2024), inventory is up 24.8% in Sussex County and 59.9% in Bethany Beach. Additionally, the average days on market is 46 days, which has increased both month-over-month and year-over-year. Helping

We appreciate the compliments to our newsletter! Our goal is to help readers find value and stay updated on the market. We are thankful to our editors and top brokers who refine our articles and market updates. While new contracts were down by 18% compared to last year, we're pleased to report a st

Owning a luxury home or investment property in Coastal Delaware comes with breathtaking views and an unparalleled lifestyle. However, with the coast's beauty also comes increased exposure to natural disasters such as hurricanes, flooding, and severe storms. Preparing your property now can mean the

I hope your New Year is off to a great start! Looking ahead to 2025, the real estate market will continue to evolve, shaped by political shifts, economic factors, and market dynamics. Another strong year is forecasted by leading financial institutions, following what appears to be a 5.2% national i

You have probably been hearing about the ongoing property assessment process here in Delaware and wondering how this might impact your primary residence, vacation home, or rental property. To help you navigate this, we’ve distilled some of the most important points of this process below to help pro

As we approach the end of the year, now is a prudent time to review your real estate investments and ensure you're taking full advantage of available tax strategies. Proper tax planning can reduce your taxable income and position you for continued growth in the coming year. Let's look at some of th

The average supply of inventory over the past five years is 2.7 months. Our current month's supply is 4.1 months. Still a seller's market by historical standards but this change is noteworthy. A balanced market is generally considered to have a supply of four to six months. As interest rates contin

Whether you own a stunning waterfront property or a portfolio of investments, protecting yourself from legal and financial risks is a priority. A good friend recently ran into some legal issues with an investment property that could have been easily avoided with proper asset protection. This month,

We are pleased to introduce the 2024 Mid-Year Luxury Outlook℠ report by Sotheby's International Realty, which outlines the industry trends and happenings across high-end residential markets. This year, policy shifts and global elections across nearly 80 countries are likely to impact property marke

Sales volume has increased 16% year-over-year and we continue to see a steady increase in inventory. We anticipate this trend continuing throughout the summer but our market still only has 1/4 the number of active listings during the same time of year prior to the pandemic (June 2019).As we approac

In conjunction with inventory rising by 24% throughout the first quarter, we also observed heightened buyer demand across many of our markets. Recent listings have frequently sold swiftly, often attracting multiple offers, particularly when competitively priced relative to market value. This unders

As we navigate the early months of 2024, Sussex County homeowners and investors are exploring property taxes and how the increased assessments will be allocated.A closer look at property reassessments Delaware's initiative to reassess property values statewide is making significant strides, with Su