Ben Mace, Delaware News Journal
Published 8:00 a.m. ET Feb. 21, 2021
Delaware beach goers were encouraged to social distance as COVID-19 continues to spike in beach towns.
The tide is rising for home sales in Delaware, up nearly 50% in the second half of 2020, including a continuing wave in 2021 at the beaches where the most expensive home listed for sale is over $10 million.
“It has been so, so busy. It’s amazing,” said Sandi Bisgood, a Realtor with Ocean Atlantic Sotheby’s International Realty in Rehoboth Beach. “I have never started a year this strong in 22 years.”
Some people’s home buying decisions have been influenced by changes due to the coronavirus, said Bisgood, an at-large director for the Delaware Association of Realtors and past president of the Sussex County Association of Realtors.
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“A lot of people have realized, ‘Hey, I can work anywhere. I’d at least like to be closer to the coast part of that time. They’re ready for a change. They want to get out the city, get out of congested areas,” she said.
If you’re ready to start shopping for your dream home – or you’re just dreaming – here are the 10 most expensive, most luxurious places for sale at the Delaware beaches as of Friday, Feb. 12.
10. Bethany Beach, 1 Dune Road, $3,900,000
This new home at 1 Dune Road in Bethany Beach features ocean views, one lot from the beach. (Photo: Courtesy of Keller Williams Realty)
Details: Ocean view, one lot from the beach, new construction, 6,000 square feet, 6 bedrooms all en suite, 6 full baths, 2 half-baths, gym/media room, additional living room, elevator, rooftop deck, 2-car garage with electric car chargers, hospital quality air filtration, lot size 0.21 acre, Keller Williams Realty.
9. Lewes, 35867 Tarpon Drive, $3,950,000
This home on Tarpon Drive near Lewes is 12,360 square feet on more than an acre. (Photo: Courtesy of Long & Foster Real Estate)
The spacious interior of the home at 35867 Tarpon Drive near Lewes features 7 bedrooms and 7.5 baths. (Photo: Courtesy of Long & Foster Real Estate)
Details: New construction in Wolfe Pointe community, 12,360 square feet, 7 bedrooms, 7.5 baths, lot size 1.09 acre, Long & Foster Real Estate.
8. Frankford, 37428 Dirickson Creek Road, $3,990,000
This 10,000-square-foot home on Dirickson Creek Road near Frankford has access to the inland bays. (Photo: Courtesy of Bethany Area Realty)
Details: On Dirickson Creek, dock with access to the inland , 10,000 square feet, 6 bedrooms, 7.5 baths, lot size 3.41 acres, Bethany Area Realty.
7. Rehoboth Beach, 3 Henlopen Ave., $3,995,000
This home on Henlopen Avenue in Rehoboth features ocean views and a 54-foot by 20-foot swimming pool, one block from the beach. (Photo: Courtesy of Ocean Atlantic Sotheby’s International Realty)
Details: Ocean views one block away from the beach, 6,051 square feet, 6 full baths, 2 half-baths, pool, lot size 0.2 acre, Ocean Atlantic Sotheby’s International Realty.
6. Fenwick Island, 38895 Bunting Ave., $4,300,000
This oceanfront home on Bunting Avenue in Fenwick Island features 11 bedrooms, 9 baths and multiple decks. (Photo: Courtesy of Coldwell Banker Realty)
Sliding glass doors lead from the living room to a deck with oceanfront views at this home on Bunting Avenue in Fenwick Island. (Photo: Courtesy of Coldwell Banker Realty)
Details: Oceanfront, 5,714 square feet, 11 bedrooms, 9 baths, four large oceanfront decks, two westward looking decks, lot size 0.11 acre, Coldwell Banker Realty.
5. Dewey Beach, 1 Beach Ave., $4,399,000
This oceanfront home on private North Indian Beach on the southern side of Dewey Beach is listed for $4,399,000. (Photo: Photo courtesy of Jack Lingo Realtor, The Carrie Lingo Team, Southern Delaware Properties)
Details: Oceanfront at private North Indian Beach on the southern side of Dewey Beach, 3,500 square feet, 6 bedrooms, 6 baths, lot size 0.17 acre, Jack Lingo Realtor, The Carrie Lingo Team, Southern Delaware Properties.
4. Rehoboth Beach, 319 S. Boardwalk #2, $4,400,000
The view from the porch of the oceanfront home for sale at 319 S. Boardwalk #2, Rehoboth Beach. (Photo: Courtesy of The Debbie Reed Team, RE/MAX Realty Group, Rehoboth)
The home at 319 S. Boardwalk #2 in Rehoboth Beach is a 4,615-square-foot oceanfront condominium encompassing the entire second floor. (Photo: Courtesy of The Debbie Reed Team, RE/MAX Realty Group, Rehoboth)
Details: Oceanfront condominium encompassing the entire second floor, 4,615 square feet, 4 bedrooms, 5 baths, RE/MAX Realty Group Rehoboth.
3. Bethany Beach, 31661 N. Ocean Way, $5,475,000
This oceanfront home on North Ocean Way in Bethany Beach is listed for $5,475,000. (Photo: Courtesy of Long & Foster Real Estate)
Details: Oceanfront, 5,000 square feet, 6 bedrooms, 7 baths, lot size 0.19 acre, Long & Foster Real Estate.
2. Bethany Beach, 30073 Surfside Drive, $5,590,000
This oceanfront home at 30073 Surfside Drive, Bethany Beach, features 8 bedrooms and 8 baths. (Photo: Courtesy of BHHS Fox & Roach-Newtown Square, Pennsylvania)
This oceanfront home (center) on Surfside Avenue in Bethany Beach is for sale for $5,590,000. (Photo: Courtesy of BHHS Fox & Roach-Newtown Square, Pennsylvania)
Details: Oceanfront, 7,000 square feet, 8 bedrooms, 8 baths, lot size 0.39 acre, BHHS Fox & Roach, Newtown Square, Pennsylvania.
1. Rehoboth Beach, 1 and 3 Cullen St., $10,999,900
Details: Oceanfront, 9,957 square feet, 12 bedrooms, 11 baths, lot size 0.79 acre, Ocean Atlantic Sotheby’s International Realty. NOTE: On Thursday, Feb. 11, the status of this listing changed to “active under contract,” but it was still being advertised for sale.
For $10,999,900, this could be your view of the Atlantic Ocean from Cullen Street in Rehoboth Beach. (Photo: Courtesy of Ocean Atlantic Sotheby’s International Realty)
The view from the beach of the ocean-front home for sale on Cullen Street in Rehoboth Beach. (Photo: Courtesy of Ocean Atlantic Sotheby’s International Realty)
Ocean-front dining at the most expensive home for sale at the Delaware beaches, 1 and 3 Cullen St., Rehoboth. (Photo: Courtesy of Ocean Atlantic Sotheby’s International Realty)
Supply and demand
Demand for homes is particularly high at Delaware beaches, said Sharon Blair, director of marketing and communications at the Delaware Association of Realtors.
Sales in Rehoboth Beach were up 45.95% in 2020 compared with 2019, and in Bethany Beach sales rose by 33.8% in 2020, Blair said.
That’s higher than the overall increases in 2020 in Sussex County, 24.42%; Kent County, 14.33%; and New Castle County, 3.38%.
Bisgood said, “While demand is super strong, inventory is really down.”
Inventory of homes for sale in 2020 compared with 2019 dropped by 24% in the first quarter, by 36% in the second quarter, by 57% in the third and by 61% in the fourth quarter.
Meanwhile, Blair said the median sales price in Sussex County was up 12.07% to $325,000 in 2020 compared to $290,000 in 2019, while in Kent the increase was 8.44% and in New Castle, 8.38%.
Although prices are rising, Bisgood said the continued low interest rates are a plus for buyers.