Bethany Beach Real
                Estate
Bethany Beach Real Estate
Market Update
8/12/08-8/26/08
Current Number Of Listings In Bethany/Fenwick (All Companies):

236 Single Family, 270 Condos

New Listings, Bethany/Fenwick (All Companies):

12 Single Family, 16 Condos

Pending Listings, 8/12/08-8/26/08

5 Single Family, 6 Condos

Closed Listings:

4 Single Family, 3 Condos

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

472 Single Family, 277 Condos

New Listings, Ocean View (All Companies):

27 Single Family , 12 Condos

Pending Listings, 8/5/08-8/12/08

8 Single Family, 12 Condos

Closed Listings:

13 Single Family, 8 Condos

Totals:

Active Listings, Single Family and Condos: 1255

Pending Listings: 31

New Listings: 67

Pending Listings (8/12/08-8/26/08): 8

Closed Listings: 28

Showings On Our Listings: 119
Numbers do not include new construction communities.

We've had numerous showings, but no offers. It's a very challenging time. Most buyers are planning on returning after Labor Day to continue their search.

FYI: Sales price contracts on Bethany/Fenwick properties in these price ranges are as follows:

$300,000-$500,000: 6
$500,000-$800,000: 3
$800,000-$1,100,000: 1
$1,100,000-$2,000,000: 2
$2,000,000-$6,000,000: 3

Attached are pertinent news articles for your review.

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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