Real Estate Market

Featured Listing

Featured Listing

For Sale: $499,900

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Happy Holidays

Love Those Holidays at the Beach

Merry Christmas and Happy Holidays from all of us with the Ashley Brosnahan Team at Long an Foster!  We hope that this year will be a safe and great year for you and your family.

Its the most wonderful time of the year!  And if you're living at the beach then that's even better. If you aren't currently living here now's the time to consider a new home in the beach area.

Listed below are just a few fun and exciting events to take advantage of this month.  

WINTERFEST OF LIGHTS IS NOVEMBER 16 - DECEMBER 31, 2017!

http://ococean.com/holidays-ocean-city

OC Christmas Parade - Saturday, December 2, 2017
Tis the Season!  The 34th Annual Ocean City Christmas Parade marches along Coastal Hwy. on Saturday, December 2, 2017.  The holiday parade starts at 11am on Old Landing Rd. and marches northbound in the southbound lanes of Coastal Hwy. to the judges' stand at 120th St.  The event will feature more than 50 units, including high school bands, horses, antique cars, colorful holiday floats, and more       http://ococean.com/events/oc-christmas-parade

New Year's Eve Celebration and Fireworks
The Town of Ocean City will be hosting a New Year's Eve Fireworks Show at Northside Park to celebrate the beginning of 2018 and the 25th Annual Winterfest of Lights.  The fireworks display, which will begin promptly at midnight, will be accompanied by live entertainment, warm hot chocolate, and the opportunity to ride through the Winterfest of Lights.          http://ococean.com/events/new-years-eve-fireworks

Bethany Beach Holiday Happenings,  December 2, 2017  1:00 PM - 6:00 PM EST

Holiday Happenings kicks off at 1:00 in Town Hall with face painting, photos with Santa, hot cocoa, cookies, and a station for children to write letters to Santa.  Fun activities like horse-drawn wagon rides, trolley rides through town, and beach tractor rides will be extended until 4:00 p.m. 
At 5 pm, gather at the Bandstand with friends and family for our annual tree lighting and a sing along with The Christmas Carolers.  Attendees are encouraged to bring hats, gloves, scarves, and canned goods to be donated to local charities. 
This is a rain or shine event.  Visit the Town website under Holiday Happenings for updates.                             http://business.bethany-fenwick.org/events/details/bethany-beach-holiday-happenings-8903

Market Minute October

Focus On: Bethany, Fenwick, and Ocean View Housing Market October 2017

Zip Code(s): 19930, 19944, 19970 and 19967
Units Sold
80
Active Inventory
518
Median Sale Price
$381,000
Days On Market
99
Up 13%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -45%
Vs. Year Ago

 


iChartsUnits SoldThere was a decrease in total units sold in October, with 80 sold this month in Bethany, Fenwick, and Ocean View Real Estate versus 92 last month, a decrease of 13%. This month's total units sold was higher than at this time last year, an increase of 13% versus October 2016.
Click here to compare the units sold of this area against other locations.Active InventoryVersus last year, the total number of homes available this month is lower by 144 units or 22%. The total number of active inventory this October was 518 compared to 662 in October 2016. This month's total of 518 is lower than the previous month's total supply of available inventory of 521, a decrease of 1%.
Click here to compare the active inventory of this area against other locations.iChartsiChartsMedian Sale PriceLast October, the median sale price for Bethany, Fenwick, and Ocean View Homes was $344,990. This October, the median sale price was $381,000, an increase of 10% or $36,010 compared to last year. The current median sold price is 21% higher than in September.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
Click here to compare the median sale price of this area against other locations.


New Listings
77
Current Contracts
56
Sold Vs. List Price
96.1%
Months of Supply
6.5
Down -21%
Vs. Year AgoDown -24%
Vs. Year AgoUp 1.1%
Vs. Year AgoDown -30%
Vs. Year Ago


iChartsMonths of SupplyIn October, there was 6.5 months of supply available in Bethany, Fenwick, and Ocean View, compared to 9.3 in October 2016. That is a decrease of 31% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
Click here to compare the months of supply of this area against other locations.New Listings & Current ContractsThis month there were 77 homes newly listed for sale in Bethany, Fenwick, and Ocean View compared to 97 in October 2016, a decrease of 21%. There were 56 current contracts pending sale this October compared to 74 a year ago. The number of current contracts is 24% lower than last October.
Click here to compare the new listings of this area against other locations.
Click here to compare the current contracts of this area against other locations.iChartsiChartsSale Price to List Price RatioIn October, the average sale price in Bethany, Fenwick, and Ocean View was 96.1% of the average list price, which is 1.1% higher than at this time last year.
Click here to compare the sale price to list price ratio of this area against other locations.Days on MarketThis month, the average number of days on market was 99, lower than the average last year, which was 180, a decrease of 45%.
Click here to compare the days on market of this area against other locations.iChartsBethany, Fenwick, and Ocean View are defined as properties listed in zip code/s 19930, 19944, 19970 and 19967.*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.Information included in this report is based on data supplied by SCAOR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of SCAOR or Long & Foster Real Estate, Inc.

Something Fun and Pretty to Serve at Your Holiday Party

For a sweet and festive winter party, whip up two kinds of cocoa: one dark, one pale, both irresistible.

 

Ingredients

Classic Hot Chocolate

7 c. milk

1 lb. bittersweet chocolate

1 c. heavy cream

1 c. sugar

2 tsp. vanilla extract

Winter-White Hot Chocolate

7 c. milk

1 lb. white chocolate

1 c. heavy cream

2 tsp. vanilla extract

sugar

Directions

For either variation, bring 7 cups of milk to a simmer in a small pan over low heat, then whisk in the remaining ingredients.

Set out a sweet garnish station: Let guests customize their own drinks with ginger candies, crushed Butterfingers, coconut flakes, mini marshmallows, sliced Kit Kats, and caramel syrup. Chocolate-dipped biscuit sticks and peppermint sticks function as stirrers. And for the adults? Decanters of dark rum and vanilla vodka.

http://www.countryliving.com/food-drinks/recipes/a4260/self-serve-hot-chocolate-bar-recipe-clv0213/

If you take the time to use this idea please let us know what you thought of it. Send your comments to admin@bethanybeach-homes.com, Subject: Hot Chocolate  Cool

Contact Information

Photo of Ashley Brosnahan Beach Team Real Estate
Ashley Brosnahan Beach Team
Long & Foster Realtors
33298 S. Coastal Highway
Bethany Beach DE 19930
Ashley: (302) 841-4200
Heather: (302) 858-7805 Neil: (302) 462-6196