Bethany Beach Real
                Estate
Bethany Beach Real Estate
Market Update
3/19/09-3/25/09
Current Number Of Listings In Bethany/Fenwick (All Companies):

194 Single Family, 231 Condos

New Listings, Bethany/Fenwick (All Companies):

6 Single Family, 4 Condos

Pending Listings

9 Single Family, 14 Condos

Currently Pending Listings, 3/19/09-3/25/09

0 Single Family, 1 Condo

Closed Listings:

1 Single Family, 1 Condo

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

444 Single Family, 276 Condos

New Listings, Ocean View (All Companies):

15 Single Family , 8 Condos

Pending Listings

30 Single Family, 22 Condos

Currently Pending Listings, 3/19/09-3/25/09

1 Single Family, 0 Condos

Closed Listings:

2 Single Family, 3 Condos

Totals:
Active Listings: 1145
New Listings: 33
Pending: 75
Currently Pending: 2
Sold: 7

Showings On Our Listings: 53
Numbers do not include new construction communities.

Wow! We have definitely have seen an increase in showings. But the buyers are still waiting to make offers. And the offers we have received have been at least 30% or more below list price. Interest rates dropped below 5% and we are hoping that will stimulate some sales. Pricing and staging of homes are the two most important factors in today's market.

Attached are pertinent articles for your review.

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

News Article

Housing Comic


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