How’s the Market in South Bethany Harbour?
Over the past three years, South Bethany Harbour has seen a diminishing level of inventory with fewer and fewer homes coming onto the market for sale. The buyer demand has gained a lot of pent up energy, as many future homeowners have their sights on owning a waterfront property in South Bethany, but with very few options coming available, their dreams continue to be delayed.
Comparing market stats from 2021 to 2022, the total sales volume has increased an incredible 78%, driven mostly by an increase in sale prices as the total number of homes sold only increased 29%. Sale prices saw a substantial increase, with the median sale price increasing 34%. South Bethany Harbour followed the market trend seen across the nation with homes leaving the market within days of being listed, some of which left the market the same day they became available.
So what does all of this mean for you?
If you’re a current homeowner considering selling, it means now is a fantastic time to sell. Despite the increase in interest rates, the buyer demand is still high, especially for South Bethany where few buyers have been able to lock in on a home over the past few years. If your home is in the proper condition and priced accordingly, chances are you will see multiple offers at or above your list price (this year more than half of the homes sold in South Bethany Harbour have sold for full or above list price). The inventory level is very low (as of the writing of this blog, there are ZERO properties available for sale), so your home can be center stage. Not to wish summer away (we wish it would just stay year-round!), but the fall market has always been a great time to list your home as buyers are more serious and they often want to be in before the year ends for tax purposes or to be ready for the next summer season. Give us a call today to discuss how the market impacts you and the best strategy to get your home sold for top dollar.
If you’re dreaming about owning a waterfront home in South Bethany, it means the market is still very much in the seller’s favor, so now more than ever you need a strong real estate agent who is on top of the market, can let you know about opportunities before they hit the market, and can help you strategize on how to have the winning contract in a multiple offer situation. For now, home prices are not forecasted to decline, but rather increase at a slower rate, so waiting may not be in your best interest. Give us a call today to discuss your home purchase plan and how our team can best help you reach your real estate goals.
Rhonda Frick – (302) 236-1456 – Rhonda@RhondaFrick.com