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MESSAGE FROM LESLIE
TRENDS CONTINUE
February saw the trends in January continue. Single family homes under contract are below a year earlier which is not a particularly good comparison. On the other hand, the townhome/condo market was much stronger, up 73% from 2009. Increasing activity among the lower price points are a sign of a recovering market. The higher number of single family over a million under contract this year (3 vs. 1) is not enough to suggest a change in that market as of yet.
Nevertheless, as noted last month, inquiries remain as strong as I have seen in years. Scheduled showings are up although many have been cancelled as a result of the weather. These showings will still take place when things improve and their impact should surface in March or April. I remain optimistic for 2010.
On a less positive note, we may be experiencing some issues with appraisals, as is true with most real estate markets around the country. Appraisers have few comps to go by and changes in lender criteria make them understandably cautious today. I am spending more time now pointing out the differences in property and location. Fortunately, the experienced appraisers are willing to listen but buyers can still expect higher down-payments than they have in the past.
Overall, with a market reaching price stability, superb inventory, and low interest rates, I believe we will look back on 2010 as a year when there was no better time to be a buyer. Certainly, I cannot remember a time when I was so impressed by the quality, breadth, and price of my listings, both current and those on the way. Look through them and you will see what I mean.
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715 Bayberry Circle, Bayberry Woods
Bethany Beach
$315,000
With a town of Bethany address and access to the
community pool and tennis court, this delightful 3 BR, 2.5 BA townhome is truly
one you don't want to miss. The fireplace for winter escapes and a patio to
enjoy sunny days at the beach are among other charms.
Click to view: Bayberry Fact Sheet
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29592 Coveway, Cotton Patch Hills
North Bethany.
$1,695,000
This home's impressive Nantucket
inspired architecture makes an ideal waterfront 4 Bedroom, 3.5 Bath residence.
With its spacious living spaces, expansive water views, boat dock at your front
door with navigable access to Indian River and only 2 blocks to the community's
private beach, this home is one of a kind.
Click to view: Coveway Fact Sheet | Coveway Virtual Tour
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146 Brandywine Drive
South Bethany
$675,000
Keenly sited on a canal with boat dock, this 3 BR, 2.5 BA bright and cheerful home with a large family room (easily 4th BR) and pleasant patio with fenced in yard is perfect for entertaining at the beach.
Click to view: Brandywine Fact Sheet| Brandywine Virtual Tour
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22 Cleveland Avenue
South Bethany.
$599,000
Tucked among large pines, this lovely 4 BR, 3.5
BA beach home with its luxury kitchen and baths is as impressive as you will find.
And easy beach access to top it all!
Click to view: Cleveland Fact Sheet| Cleveland Virtual Tour.
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202 South Ocean Drive.
South Bethany
$2,295,000
This elegant 5 BR, 4 BA oceanfront residence was
designed to capture endless views of the Atlantic Ocean. In like-new condition,
this light and airy home even offers a second living area perfect for kids.
Click to view: Ocean Fact Sheet| Ocean Virtual Tour
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Lot 42 Rebecca Road
South Bethany
$1,095,000
Rarely
will you find a location like this with panoramic views of Jefferson Creek.
Protected lands full of wildlife offer endless pleasure from this highly sought
after lot on a cul-de-sac with 180' of water frontage, boat dock and a boat ramp.
Click to view: Rebecca Fact Sheet
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208 Oakwood Street
Bethany Beach
$850,000
You won't be disappointed with this Oceanside 3BR 2.5BA cottage perfectly sited less than 2 blocks to the beach on a lovely street in the town of Bethany. This open and spacious home was designed for easy going beach living.
Click to view: Oakwood Fact Sheet| Oakwood Virtual Tour
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630 Tingle Avenue
Bethany Beach
$799,000
Located
in the Town of Bethany, this delightful 4 BR, 3.5BA home, with a well
designed floor plan and a Caribbean feel, offers a spacious great room and a
loft with sitting area. The large deck and screened porch are perfect for
outdoor entertaining. Enjoy easy access to Downtown and the Town's Beach
trolley.
Click to view: Tingle Fact Sheet| Tingle Virtual Tour
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39532 Dune Road
North Bethany
$799,000
This enticing end unit Ocean block 4 BR, 3.5 BA duplex offers an open floor plan, abundance of natural light, fantastic bay views and Sunsets. Adjacent to miles of pristine State Park Lands, this tastefully decorated beach home with 2 master suites & hardwood floors is impressive in every way.
Click to view: Dune Fact Sheet| Dune Virtual Tour
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UNDER CONTRACT !!!
527 Candlelight Lane, Candlelight Acres
Bethany Beach
Was $450,000 NOW $419,900
This 3 BR, 2 BA cute retreat, nestled in a
quiet neighborhood, exudes charm and beach ambience. In a fabulous location,
just a short stroll from the Beach and the center of Bethany, this home with
vaulted ceilings, a deck and screen porch, offers the best of resort living.
Click to view: Candlelight Fact Sheet | Candlelight Virtual Tour
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UNDER CONTRACT !!!
33727 Chatham Way, Bethany Forest
Frankford (near Bethany)
Was $349,000 NOW $299,000
This
well-priced, one-story home in the attractive community of Forest Reach is in
move-in condition. With an open floor plan and screened porch overlooking a
wooded area, this 3-BR, 2-BA home has a spacious feeling amid a tranquil
setting.
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