July Buyer Activity Stronger in South Bethany

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                                Christi Arndt   
(302) 541-5207                       (302) 245-5223      

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