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MESSAGE FROM LESLIE
RECOVERY ON TRACK
The recovery in our market which became apparent at the start of the year continues as predicted. April single family homes under contract reached 13 compared to 7 in 2009. Once again concentration was in lower price homes, common in this stage of a recovery. Like last month, Bethany itself was the most active market. The condo/townhome market also improved in April, with 14 properties under contract compared to 8 a year earlier.
You may recall that for the first two months of the year new contracts for condo/townhomes greatly outpace the single family market. Interestingly, since March the two markets are roughly equal, signaling a gradual willingness of buyers to commit to higher priced purchases. Recent showings of mine are confirming the trend.
Price reductions continue to slow, with fewer this year than last. Furthermore, 35% of the reductions were greater than 10% in 2009 and only 14% this year. All of the 10%+ 2010 reductions were on homes listed over one million. My impression is that there are fewer over-priced homes on the market than there were last year.
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10 E. Farmington Street
Fenwick Island
$1,350,000
This large 6 BR 3.5 BA home, on a corner lot only one off the Ocean, has multiple decks & porches and plenty of room for family and friends. Complete with Ocean views and a pool, this home has endless potential.
Click to view: Farmington Fact Sheet | Farmington Virtual Tour
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632 Tingle Avenue
Bethany Beach
$799,000
Located on a quiet corner lot in the Town of Bethany, this 4 BR, 3.5 BA beach home is beautifully designed. With spacious porches, a loft with sitting area and inspired interior touches, this home is a great find.
Click to view: Tingle Fact Sheet | Tingle Fact Sheet
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49 S. Atlantic Avenue
BethanyBeach
$1,598,000
Tastefully detailed with a relaxed coastal style, this inviting 3 BR plus den is ideally sited on a corner lot in town just off the ocean. Rarely available location with ocean views.
Click to view: Atlantic Fact Sheet| Atlantic Virtual Tour
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39618 Turtle Run
North Bethany
$2,450,000
Ideally positioned only one lot off the ocean in a gated community, this 6BR, 5BA beautifully designed home offers an impressive great room and porches to enjoy the sights and sounds of the ocean.
Click to view: Turtle Run Fact Sheet| Turtle Run Virtual Tour
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537 Hudson Avenue UNDER CONTRACT
Bethany Beach
$349,900
Tucked in a picturesque setting overlooking the wetlands you will find this alluring end unit townhome. With easy access to kayaking, the community pool and tennis and only minutes to the Beach and downtown Bethany's attractions, this townhome is a perfect find!
Click to view: Hudson Fact Sheet
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56 Reeping Way UNDER CONTRACT
Ocean View
$399,000
This Is A Beautiful 4 Bedroom, 3 Bath Home In The Community Of Summerfield.
Click to view: Reeping Fact Sheet
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33690 Ashland Drive
Frankford
$315,000
This lovely one-story 3BR, 2 BA home in pristine condition is the perfect retreat or ideal year-round residence. Located close to the beach on a corner with beautiful landscaping, featuring vaulted ceilings, hardwood and tile floors, open great room, multiple porches and is close to the community pool.
Click to view: Ashland Fact Sheet | Ashland Virtual Tour
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13 Water's Edge
Fenwick Island
Was $975,000 NOW $895,000
With fabulous panoramic bay views and ocean vistas, this 4 BR, 3.5 BA end unit townhome boasts custom finishes. Enjoy the sunsets from the multiple decks and the easy walk to the beach!
Click to view: Water's Edge Fact Sheet | Water's Edge Virtual Tour
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29592 Coveway
North Bethany
Was $1,695,000 NOW $1,595,00
Impressive Nantucket inspired architecture makes an ideal waterfront 4 BR, 3.5 BA residence. With its spacious living spaces, expansive water views, boat dockage and 2 blks to the comm. private beach, this home is one of a kind.
Click to view: Coveway Fact Sheet | Coveway Virtual Tour
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19 Powell Lane
Ocean View
Was $140,000 NOW $119,00
Nestled in a small, newer, waterfront community with a pier, this spacious lot (75'x225') offers endless possibilities to build your dream home.
Click to view: Powell Fact Sheet
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42 Rebecca Road
South Bethany
Was $1,095,000 NOW $995,00
Rarely will you find a location like this with panoramic views of Jefferson Creek and protected wetlands full of wildlife. With 180 feet of water frontage and a boat ramp and dock on site, this is a perfect location on a quiet cul-de-sac.
Click to view: Rebecca Fact Sheet
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401 Tamarack Drive
South Bethany
Was $565,000 NOW $535,00
This exceptional 4 BR 3 BA beach home has been lovingly cared for and in excellent condition. With a huge screened porch and deck nestled in trees, this home is only a short distance to the beach.
Click to view: Tamarack Fact Sheet | Tamarack Virtual Tour
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