True. Many of the Lots in Bethany Beach West of Rt 1 have been on the market for a while. As a Builder I do see potential for Lot/Home packages that can be completed with equity based on the Bank's final appraisal.... more
It all depends on the property but homes are selling at all price points in Bethany Beach and we appear to be in a stabilizing market. We recently had bids on an ocean side listing from a cash buyer who missed out on an Ocean Front property that had multiple offers. In short the market has changed dramatically since 2009.