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.
If you are still in the market for a home in Bear Trap, now is a great time. Interest rates are at a historic low, tax credit and prices are down make this a great time to buy. Sellers are starting to price their home according to the current market condition and not '04.
Buying or Selling call today.
Brendan Garfield Crotty
(302) 858 - 3234
President Southern Sussex Rotary
ResortQuest Real Estate
(302) 541 - 8778
(302) 539 - 8600
33012 Coastal Highway
Bethany Beach, DE 19930... more
Hi Marcus, I am a REALTOR with ResortQuest Real Estate and do the bulk of my business in the Carl M. Freeman Communities of Bear Trap - and Bayside just W. of Fenwick. I am helping a number of sellers in Bear Trap listing their home and I'll tell you what I tell them - a straight answer - I track absorption rates - what has sold in a product/home type and what is on the market to determine months (or years?!) of inventory.
From this review I find many properties at Bear Trap are over priced with respect to this approach. There are good deals out there - but not all properties/sellers have adjusted themselves to the reality of our market.
I think Bear Trap is unique - a completed resort with indoor outdoor pools, dining, tennis, activities, beach shuttle and pretty reasonable HOA fees for all that stuff. It's a class act but not all properties are priced attractively.
If you want to hear more about my review or have me send you the absorption rates for home type feel free to call or email me. Anne Powell 302-541-8897 or firstname.lastname@example.org or via my Web site www.AnniePowell.com.
By the way I have the lowest priced end town listed right now - with established rentals - if you want to know the details let me know!... more