During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.

As the chart illustrates, total sales were down 9% when compared to the first quarter of last year while sales volume was down 17%. The chart shows some slowing in the pace of sales with the average days-to-contract at 54 days. However, there was a noticeable increase in the pace of sales during the month of March as 4 properties went under contract in Bear Trap and the average days-to-contract was 17 days. 

If you are considering a sale or purchase, our Bear Trap Expert, Gail Phelan, has experience and market knowledge that is unmatched.   Please give her a call (302) 541-5207.

*Data was derived from the Sussex

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory .

As the chart illustrates, total sales were down 4% through the first quarter when compared to 2022 and sales volume was flat. The chart shows some slowing in the pace of sales as the average was 44 days-to-contract versus 15 days last year. The median sale price of single family homes in the first quarter was $1,300,000 vs. $910,000 in 2022 and for condo/townhome properties, $650,000 vs. $640,000.

If you are considering a sale or purchase, the experience and market knowledge of Wayne Lyons (302) 858-7347 and Kiki Hargrove (302) 569-2959 is unmatched. Please give them a call!

*Data was derived from the Sussex County

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.

As the chart illustrates, total sales are down 30% when compared to last year while sales volume is down 26%. The chart shows some slowing in the pace of sales with the average days-to-contract at about 2 months, however, there was a noticeable increase in the pace of sales during the month of March. Property values were up 4% through the first quarter when compared to last year with the median sale price at $533K vs. $509K in 2022.

If you are considering a sale or purchase, our experience and market knowledge is unmatched. Please give us a call (302) 541-5207.

*Data was derived from the Sussex County MLS. Includes

During the first quarter of the year, we continued to experience a strong Seller’s market in Sea Colony as buyer demand remained high and we continued to navigate low inventory.

As the chart illustrates, total sales were down 7% when compared to last year while sales volume was down 23%. The chart shows some slowing in the pace of sales with the average days-to-contract at 24, however, there was a noticeable increase in the pace of sales during the month of March. Property values were up when compared to last year with the median sale price on the East at $1,160,000 vs. $884,000 in 2022 and on the West $587,500 vs $545,000.

We had the fortunate opportunity to participate in 36% of the property sales in Sea Colony during the first quarter,

During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory.

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more

During the first quarter of the year, we continued to experience a strong Seller’s market in the Bethany-Fenwick area as buyer demand remained high and we continued to navigate low inventory. 

As the chart illustrates, total sales were down 41% when compared to last year while sales volume was down 48%. The chart shows some slowing in the pace of sales with the average days-to-contract at 42.  However, there was a noticeable increase in the pace of sales during the month of March. Property values are up 2% when compared to last year as the median sale price to-date is $870K vs. $850K in 2022. The upcoming summer season is a strong motivating factor for buyers to be more aggressive this time of the year and multiple offers are once again more

Beach replenishment for Bethany Beach, originally estimated to begin prior to the start of the 2023 summer season, is now expected to begin in either May or June.

The overall project to replenish all the Delaware beaches was scheduled to start in late March, but has been delayed due to a scheduling conflict with the contractor who is completing a similar project on the New Jersey shore. Replenishment will begin in Rehoboth Beach and move southward with completion in the Town of Fenwick Island.

Bethany Beach's replenishment will take place from Third Street to Wellington Parkway, and in South Bethany, from North Fifth Street to the north end of Fenwick Island State Park.

The Town of Bethany Beach will provide project updates on the town

We are well into the month of March and it is hard to believe that we will soon welcome the first day of Spring! Light traffic and sun-filled days make it a beautiful time of the year to visit the beach.  

During the first 10 weeks of the year, we continued to experience a competitive market as buyer demand has remained high and we are still navigating low inventory. As the chart illustrates, total sales are down 40% when compared to last year while sales volume is down 42%. Property values have remained stable when compared to 2022 as the median price to-date is $865K vs. $850K in 2022.  

If you would like assistance finding a new beach home in time for this summer or listing your property for sale, we are here to help. Please give us a call

The Leslie Kopp Group is honored to be the Presenting Sponsor of the Annual Beach & Bay Cottage Tour again this year!

Celebrating 31 years of the Beach & Bay Cottage Tour, this year’s event can be enjoyed in two ways. With the purchase of a Virtual Only ticket (cost $35), tour participants can view all 10 homes on the tour virtually. With the purchase of a Combo Ticket (cost $50), participants have the opportunity to tour 5 pre-selected homes in-person, in addition to viewing all the homes virtually.

Virtual tours will be available from July 16 to August 6, 2023 and in-person tours will be offered on Wednesday, July 26th & Thursday, July 27th.

Tickets will be available for sale starting on May 1, 2023 and funds raised will benefit the Friends

The U.S. Army Corps of Engineers has contracted with Weeks Marine to complete the much-anticipated beach replenishment project for the Delaware Beaches. The work is expected to begin on March 20, 2023 starting in Rehoboth Beach and will move southward to Dewey Beach, Bethany Beach, South Bethany and end at Fenwick Island.

It is estimated that the dredging and pumping operations will take approximately 2 weeks for each location, depending on weather conditions and other factors. Total cost for the project is estimated at $23.8 million and will be shared between the U.S. Army Corps of Engineers at 65%, and the Delaware Department of Natural Resources and Environmental Control at 35%.

For more information, please visit: