It has been a busy week!  These beautiful beach homes settled just in time for the holidays and we are grateful to have worked with these buyers and/or sellers. 

If you are considering a sale or looking to purchase, please give us a call.

Our group hosted The Wags, Witches and Warlocks Halloween Festival in Bethany Beach on Saturday, October 30, 2021.  Families and pets participated in a day of fun which has raised more than $15,000 so far this year for the Brandywine Valley SPCA!   Funds raised will go towards a new state-of-the-art campus and ICU hospital for pets in Delaware.

Take a look at a few photos below to see highlights of this year's event. It is always a very special day and we are extremely grateful to our event sponsors and to the town businesses that support the festival.  We hope that you will join us next year! 

For 18 months, we have shared with you that the real estate market has been exceptional at the beach and as the graph illustrates, Sea Colony properties continue to appreciate significantly in value! We expect the continuation of high buyer demand and extremely low inventory which will keep upward pressure on prices well into 2022.

During this time of Thanksgiving, we are grateful to you for your continued trust and wish you and your loved ones a safe, healthy and joyful holiday!

If you are considering a purchase or sale, please strategize with Sea Colony Specialist Gail Phelan (302) 233-4909 to ensure the very best results in this market!  

For 18 months, we have shared with you that the real estate market has been exceptional at the beach and as the graph illustrates, both single family homes and condo/townhome properties continue to appreciate significantly in value! We expect the continuation of high buyer demand and extremely low inventory which will keep upward pressure on prices well into 2022. If you are considering a purchase or sale, please strategize with us to ensure the very best results in this market!   

During this time of Thanksgiving, we are grateful to you for your continued trust and wish you and your loved ones a safe, healthy and joyful holiday!

As we reflect on the first three quarters of 2021, the momentum that started in 2020 with a surge in buyer demand carried well into 2021 and the outlook continues to be very strong for property owners!

In a typical year, we would expect some slow down as we head into the “off-season”, but there is nothing typical about this market. In fact, September sales outpaced August as 39 properties went under contract in Sept. versus 34 in August. Properties continue to sell very quickly (many within just a couple of days) and multiple offers continue to be the norm.  As of October 1, there were just 38 single family and condo/townhomes for sale in the Bethany-Fenwick area versus 43 at this time last year and 218 in 2019!

As we reflect on the first three quarters of 2021, the momentum that started in 2020 with a surge in buyer demand carried well into 2021 and the outlook continues to be very strong for Sea Colony owners!    

In a typical year, we would expect some slow down as we head into the “off-season”, but there is nothing typical about this market. In fact, September sales outpaced August as 8 properties went under contract in Sept. versus 7 in August. Properties continue to sell very quickly (many within just a couple of days) and multiple offers continue to be the norm.  As of October 1, there were just 7 properties for sale in Sea Colony versus 8 at this time last year and 43 in 2019!

 As we have stated many times over the past year, it is hard to

Labor Day weekend has come and gone, signaling the unofficial end of another season at the beach and the Summer of 2021 is certainly one that we will not soon forget! 

Buyer demand in the Bethany-Fenwick area was as strong as we have ever experienced, multiple offers with very few (if any) contingencies were the norm, and there was the least amount of inventory ever available for sale in our multiple list service which goes back to 2005.  Year-over-year prices are up more than 30% for both single family homes and condo/townhome property types and new listings are selling in less than 1 week as the median days on market is just 6 days.

We have experienced some price resistance from buyers in recent weeks which is something we will continue to

For more than a year now, we have shared with you that the beach real estate market has been extremely strong for sellers with limited inventory leading to rising prices. This trend has continued and as of August 1, there were 35 properties for sale in the Bethany-Fenwick area versus 101 at this time last year.

In the month of July, 37 properties went under contract (versus 67 in July of 2020). During the month, 38 new properties were listed for sale (versus 59 new listings in July of 2020). There continues to be pent up buyer demand as inventory cannot keep pace and many properties are selling within just a few short days! 

As we look toward the fall and winter months, we anticipate a rise in new listings and there is no way to predict how