Bethany Beach Real
                Estate
Bethany Beach Real Estate
Market Update
3/15/10-3/28/10
Active Listings, Bethany/Fenwick Area (All Companies):

212 Single Family, 230 Condos

New Listings, Bethany/Fenwick Area (All Companies):

15 Single Family, 9 Condos

Pending Listings:

11 Single Family, 10 Condos

Currently Pending Listings (3/15-3/28):

3 Single Family, 4 Condos

Sold Listings:

3 Single Family, 3 Condos

Active Listings, Ocean View Area (All Companies):

423 Single Family, 244 Condos

New Listings, Ocean View Area (All Companies):

25 Single Family, 13 Condos

Pending Listings:

34 Single Family, 16 Condos

Currently Pending Listings (3/15-3/28):

7 Single Family, 4 Condos

Sold Listings:

6 Single Family, 4 Condos

Showings On Our Listings: 70
Numbers do not include new construction communities.

We have seen an increase in activity in the past two weeks. I have been working with several cash buyers who are interested in the lower price range. Also, when offers are presented to sellers, they have been very receptive. Sellers are trying to make the deals work.

New construction communities are taking probably 30 sales a month from the resale market, which is a substantial number. Short sales and foreclosures are also having a negative impact on values. Buyers are basing their offers on the short sale prices which is hard for sellers to accept.

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

Attached is a pertinent article for your review.

News Article.


Bethany Beach Real Estate
Bethany Beach Real Estate
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