Bethany Beach Real Estate
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Bethany Beach Real Estate
Market Update
11/06/07-11/13/07
Current Number Of Listings InBethany/Fenwick (All Companies):

228 Single Family, 252 Condos

Currently Pending Listings:

21 Single Family, 16 Condos

New Listings, Bethany/Fenwick (All Companies):

6 Single Family, 12 Condos

Pending Listings, 11/6-11/13

5 Single Family, 2 Condos

Closed Listings:

3 Single Family, 2 Condos

Current Number Of Listings In Ocean View (All Companies):

413 Single Family, 294 Condos

Currently Pending Listings:

41 Single Family, 42 Condos

New Listings, Ocean View (All Companies):

10 Single Family,2 Condos

Pending Listings, 11/6-11/13

2 Single Family, 2 Condos

Closed Listings:

5 Single Family, 2 Condos

Showings On Our Listings: 79
Numbers do not include new construction communities.

In spite of the numerous showings, we only had 2 successful contracts ratified this week. However, we did have 2 ridiculously low offers with outrageous terms that the sellers rejected.

We are anticipating a busy Thanksgiving weekend.

The numbers for settlements is a major concern. In Bethany/Fenwick, out of total of 480 listings, only 7 went under contract last week while only 5 settled. In Ocean View, out of a total of 707 listings, only 4 went under contract and 5 closed.

The market has a long wait to absorb the current inventory.

Please call me at any time to address your concerns or questions. I hope you will find the information helpful.

Bethany Beach Real Estate
Bethany Beach Real Estate
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