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MESSAGE FROM LESLIE
WINDING DOWN

The Fall selling season is winding down.  I'll report the numbers in a few weeks. What is clear, however, is that recent price reductions make right now an outstanding time to buy at the beach.  Price comparisons to past years in some locations are approaching 2003 and may even be lower.  I will be researching this shortly and make it a topic for a future communication.

Further, we are finally seeing some easing in the jumbo loan market.  Rates have dropped somewhat and loan terms also show some easing.  Competition among banks is finally coming back.

In short, this may be the point in the cycle at which buyers happily look back on their ‘buy' decision, or wish they had!!  


NEW LISTINGS 
4 Connor Lane
 BethanyBeach
$1,175,000 
This bright and cheerful 5 bedroom, 4 bath Oceanside home in the Town of Bethany, has been a popular rental for many years. From the decks, screen porch and great room, all overlooking the Loop Canal, you will appreciate this home in a tranquil, picturesque and unique setting.
Click to view:  Connor Fact Sheet
| Connor Virtual Tour
   
304B Oakwood Street
Bethany Beach
$499,000 
This bright and cheerful 4 BR, 3 BA townhome is ideally located 3 blocks from the beach and the heart of town. Moments away from the community pool and tennis. Rarely available in fee simple, this superior end unit is in exceptional condition and fully furnished. 
Click to view: Oakwood Fact Sheet | Oakwood Virtual Tour


   

38335 N. Old Mill Lane
Ocean View, DE
$369,000 
This Impeccable 3 BR, 2.5 BA townhome is inviting in every aspect with  tasteful finishes and decor, a spacious interior and community amenities satisfying the most active.  Being offered fully furnished with an impressive rental following this is a beach home you won't want to miss.
Click to view:    Old Mill Fact Sheet | Old Mill Virtual Tour

   
529 Candlelight Lane
Bethany Beach
$450,000 
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
PRICE CHANGES

1103 Bunting Avenue 

Fenwick Island 
Was $1,895.000  NOW $1,775,000 
This authentic ocean front 4 BR, 2 BA cottage, full of nostalgia & charm, is darling in every way. With recent improvements including a new kitchen, this home with great decking is perfect for a retreat or year round living. Come build your memories or your dream home by the ocean.
Click to view:  Bunting Fact Sheet | Bunting Virtual Tour
   
17 South Shore Drive
North Bethany
Was $1,595,000   NOW  $1,395,000
This 5 BR, 4BA coastal home offers panoramic water views and a premium Bayfront address in a North Bethany gated community offering dramatic window lined great room overlooking the Indian River Bay with an easy walk to the beach, community pool and tennis and S. Shore Marina.  
   

115 Evergreen Road
Middlesex Beach
Was $650,000   NOW $599,900
This 3 BR, 2 BA Cottage is only a short walk to the private beach. With hardwood floors throughout, an open great room and spacious screened porch, this home is full of character and charm.

Click to view:  Evergreen Fact Sheet | Evergreen Virtual Tour

   
WHAT'S HAPPENING
 

October 14, 2009

  1. New Listings
  2. Price Changes
  3. What's Happening
  4. Interest Rates
  5. In the News
  6. For Your Information

INTEREST RATES

Conforming:
30 year fixed 0 points:  5.125%
15 year fixed 0 points:  4.625% 

Jumbo:
30 year fixed 0 points:  5.750%
5/1 ARM 0 points:          5.125% 

These rates are provided by Jeff Baxter at Prosperity Mortgage and are subject to change without notice. Please contact Jeff directly for current rates at 866-859-6558 (toll-free office), 410-459-2108 (cell phone) or jeff.baxter@prosperitymortgage.com
http://www.sjbaxter.com

Market in Review 10/05/09
Economic Commentary 10/13/09

IN THE NEWS

Record streak continues for Pending Home Sales. ~NAR

FOR YOUR INFORMATION

Smaller, cheaper Delaware lures New Jerseyans. ~DailyJournal.com


CONTACT

Leslie Kopp or Pam Adkins
The Leslie Kopp Group
Long & Foster Realtors, Inc.
33298 South Coastal Highway
Bethany Beach, DE 19930
Office: 800-851-8997
Leslie's Cell: 302-542-3917
Pam's Cell: 302-858-7997

Email: leslie@bestofbethany.com
pam@bestofbethany.com

URL: http://www.bestofbethany.com

Leslie_bg.jpg

LESLIE KOPP
Cell: 302-542-3917
Email: leslie@bestofbethany.com

meetpam.jpg

PAM ADKINS
Cell: 302-858-7997
Email: pam@bestofbethany.com

 
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The Leslie Kopp Group | Long & Foster Real Estate, Inc.
33298 South Coastal Highway | Bethany Beach, DE 19930
Office: 302.539.9040 x207
Cell: 302.542.3917 | Toll Free: 800.851.8997
Email: Leslie@BestofBethany.com




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Long & Foster Realtors
33298 Coastal Highway
Bethany Beach, DE 19930

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