After a strong Spring market in Bayside that was fueled by increased inventory and more buying options, we experienced some slowing in June and July. During those 2 months, 10 properties went under contract in your community (versus 14 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 90% when compared to the same time last year, creating more competition for sellers. Meanwhile, most properties are taking about a month to go under contract.

If we can offer you any real estate guidance, please call our Bayside Experts.

Wayne Lyons                      Kiki Hargrove
(302) 858-7347              (302) 569-2959

Data was derived from the

After a firm start to the year that was fueled by more inventory in Bear Trap, we experienced some slowing in June and July. During those 2 months, 3 properties went under contract in Bear Trap Dunes (versus 4 during the same time last year).

As the chart illustrates, sales are relatively flat year-to-date while sales volume is up. Inventory remains a challenge as there were just 2 listings for sale in your community at the end of July, compared to 4 at the same time last year. Meanwhile, properties continue to sell quickly with 14 days as the median days-to-contract.

So far this year, our group has represented more clients in Ocean View (buyers and sellers combined) than any other agent or group. If we can offer you any real estate guidance,

Real estate activity in Ocean View has remained slower when compared to last year. After a firm Spring market that was fueled by increased inventory and more buying options, we experienced some slowing in June and July. During those 2 months, 43 properties went under contract in Ocean View
(versus 55 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are down year-to-date. Inventory has increased 15% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties are taking a little more time to go under contract.

So far this year, our group has represented more clients in Ocean View (buyers and sellers combined) than any other agent or group. As

Real estate activity in Sea Colony has remained strong when compared to last year.   After a firm Spring market that was fueled by increased inventory and more buying options, we experienced a nice flurry of activity in June and July. During those 2 months, 15 properties went under contract in Sea
Colony (versus 10 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 156% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 12 days as the median days-to-contract.

So far this year, our Sea Colony Specialists have participated in nearly 30% of property sales in Sea

While real estate activity in Fenwick Island was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 10 properties went under contract in Fenwick Island (versus 4 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 300% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties are taking a little more time to go under contract.

So far this year, our group has participated in more than 30% of property sales in the Bethany-Fenwick area. If we can offer you any real estate guidance, please give us a call.

Leslie

While real estate activity in South Bethany was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in July. During the month, 4 properties went under contract in South Bethany (versus 1 in July of last year).

As the chart illustrates, sales are flat year-to-date, while sales volume in dollars is up 40%. We are experiencing a rise in inventory in all other areas at the beach, but inventory remains deficient in South Bethany and properties continue to sell quickly with 11 days as the median days-to-contract.

So far this year, our group has participated in more than 30% of property sales in the Bethany-Fenwick area. If we can offer you any real estate guidance, please give us a call.

Leslie Kopp     

While real estate activity in North Bethany was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in July. During the month, 7 properties went under contract in North Bethany (versus 2 in July of last year).

As the chart illustrates, sales are up 36% year-to-date, while sales volume is up 130%. Inventory has nearly doubled when compared to the same time last year, creating a little more competition for sellers. Meanwhile, properties continue to sell quickly with 18 days as the median days-to-contract.

So far this year, our group has participated in more than 53% of property sales in North Bethany. If we can offer you any real estate guidance, please give us a call.

Leslie Kopp                  

While real estate activity in Bethany Beach was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 31 properties went under contract in Bethany Beach (versus 23 during the same time last year).

As the chart illustrates, sales are up year-to-date, while sales volume in dollars is flat. Inventory has doubled when compared to the same time last year, creating more competition for sellers. Meanwhile, properties continue to sell quickly with 8 days as the median days-to-contract.

So far this year, our group has participated in more than 30% of property sales in Bethany Beach. If we can offer you any real estate guidance, please give us a call.

Leslie Kopp     

Credit to: Coastal Point • Kerin Magill

Report after report cite the inevitability of climate change impacts to the coastal area, but in Fenwick Island last week, residents gathered with experts to hear that they can, in fact, make a difference.

Representatives of local environmental groups, state agencies and other organizations gathered at Fenwick Island Town Hall on Thursday, July 25, for “Fenwick Nurtures Nature: Dark Sky & Green Infrastructure Education Symposium.”

Organized by Fenwick Island’s Residential Concerns Committee, the event featured informational displays and discussions with representatives of groups including the Delaware Center for the Inland Bays, the Delaware Urban & Community Forestry Program, Delaware Botanic Gardens,

During this time of the year, we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. At this time, both single family and condo/townhome property types in Bayside continues to be well under a balanced market, staying in a seller’s market due to good buyer activity.   While condo/townhome inventory is growing, it remains a seller’s market for all property types in Bayside!

If you would like to discuss the market in more