Warm sunny days, cool nights and light traffic make this our favorite time of the year and we hope that you are enjoying this season! 

We have been communicating for the last few months that the real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Bear Trap are down 9% to-date while the continuation of limited inventory has kept the median sales price up 22%. Properties are selling quickly, with 6 days being the median amount of time to go under contract.

On a personal note, September is always a special month for me as it marks 33 years since starting a career in real estate at the beach. I feel extremely fortunate to have earned the trust of so many of you over

Warm sunny days, cool nights and light traffic make this our favorite time of the year at the beach and we hope that you are enjoying this season! 

We have been communicating for the last few months that the beach real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Sea Colony West are down 36% to-date while the continuation of limited inventory has kept the median sales price up 18%. Properties are still selling quickly, with 7 days being the median amount of time to go under contract.

On a personal note, September is always a special month for me as it marks 33 years since starting a career in real estate at the beach. I feel extremely fortunate to have earned

Warm sunny days, cool nights and light traffic make this our favorite time of the year at the beach and we hope that you are enjoying this season!  

We have been communicating for the last few months that the beach real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Fenwick Island are down 21% to-date and the time on market is now a median of 3 weeks. Inventory is as low as we have ever experienced for Fenwick Island with only 5 properties currently for sale.

On a personal note, September is always a special month for me as it marks 33 years since starting a career in real estate at the beach. I feel extremely fortunate to have earned the trust of so many of

Warm sunny days, cool nights and light traffic make this our favorite time of the year at the beach and we hope that you are enjoying this season! 

We have been communicating for the last few months that the beach real estate market has slowed when compared to recent years and this trend continued through August. As the chart illustrates, sales in Bethany Beach are down 29% to-date while the continuation of limited inventory has kept the median sales price up 10%. Properties are still selling quickly, with 6 days being the median amount of time to go under contract.      

On a personal note, September is always a special month for me as it marks 33 years since starting a career in real

Officials with the Fenwick Island Town Council recently announced that the long-expected U.S. Army Corps of Engineers' beach replenishment project for Fenwick Island will be delayed. Originally slated to commence in the Fall of 2022, the replenishment is now expected to begin in the winter of 2022 and continue into the spring of 2023, with the ultimate goal of completion prior to the 2023 season.

For more information, please click here.

We hope you are having a wonderful summer, it is hard to believe we are well into August already!

While total sales are down year-to-date in Bear Trap, the real estate market remains firm. In fact, the median price for single family homes in Bear Trap is up 33% and 25% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 5 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please call our Bear Trap Expert: Gail Phelan: 302-233-4909.

*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Bear Trap Dunes. May not reflect all market activity .

We hope you are having a wonderful summer, it is hard to believe we are well into August already!

While total sales are down year-to-date in Ocean View, the real estate market remains firm. In fact, the median price for single family home sales is up 7% and 21% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 8 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance during this time, please give us a call: 302-541-5207.

*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Ocean View. May not reflect all market activity.

We hope you are having a wonderful summer!  Its is hard to believe we are well into August already!

While total sales are down year-to-date in Sea Colony, the real estate market remains firm. In fact, the median price on the East is up 24% and up 18% on the West when compared to the first 7 months of last year. The median days to contract is still under one week and while there has been a slight rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please call our Sea Colony Experts:Gail Phelan: 302-233-4909 and Chris Housman: 302-853-0192.

*Data was derived from the Sussex County MLS. Includes properties in Sea Colony. May not reflect all activity in the marketplace.

We hope you are having a wonderful summer! It is hard to believe we are already nearing the end of August!

While total sales are down year-to-date in the Bethany-Fenwick area, the real estate market remains firm. In fact, the median price of single family homes is up 10% and 17% for condo/townhomes when compared to sales in the first 7 months of last year. The median days to contract is just 7 days and while there has been a slight rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please give us a call.

 *Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in zip codes 19930 and 19944. May not reflect all market activity .

On June 24, 2022, the Fenwick Island town council unanimously voted to reinstate the two-year moratorium on new hotel construction which was set to expire on July 24, 2022.  The ban was initially implemented in 2016 following strong community opposition to an ordinance change allowing the expansion of the former Sands Motel from 38 rooms to 65 rooms.  The extension will be in effect through July 2024 and will allow time for studies on the long-term impacts of new hotel construction to the town.

For more information, please click here.