Bethany Beach Real Estate
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Bethany Beach Real Estate
Market Update
9/1/09-9/27/09
Active Listings, Bethany/Fenwick Area (All Companies):

219 Single Family, 248 Condos

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

14 Single Family, 24 Condos

Pending Listings:

15 Single Family, 14 Condos

Currently Pending Listings (9/1-9/27):

10 Single Family, 11 Condos

Sold Listings:

7 Single Family, 9 Condos

Active Listings, Ocean View Area (All Companies):

459 Single Family, 238 Condos

New Listings, Ocean View Area (All Companies):

41 Single Family, 24 Condos

Pending Listings:

61 Single Family, 30 Condos

Currently Pending Listings (9/1-9/27):

17 Single Family, 10 Condos

Sold Listings:

15 Single Family, 4 Condos

Showings On Our Listings: 184
Numbers do not include new construction communities.

The first two weeks in September were very busy with buyers--serious buyers. We worked with several of them who were successful in securing their homes. However, negotiations were drawn out and challenging. There are cash buyers who are looking at homes in the higher price range but inventory is still moving slowly.

The lenders are now closely reviewing the homeowners' associations and budgets. They are also checking reserve account balances and the number of homeowners who are delinquent in paying their dues. This issue has caused a delay in one of our settlements this month.

It is still a very difficult market right now. Sellers need to be realistic with their pricing strategy.

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


Bethany Beach Real Estate
Bethany Beach Real Estate
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