Bethany-Fenwick Strong Start to 2024

March has arrived and we are looking forward to longer light filled days ahead! The Bethany-Fenwick area had a good start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are up considerably when compared to last year.

As the chart illustrates, through the first two months, new contracts were up 34% when compared to the same time last year. Inventory is slowly rising, but remains at historical lows. Sales volume in dollars (based on list price) was up 30%.   Properties that are priced appropriately continue to sell very quickly and the average sale price for properties settled in January and February was down 5% when compared to the same months in 2023. This is due to the fact that more condo/townhome properties sold early in the year when compared to last year.

If you are considering buying or selling, please give us a call to discuss ways that we can work together to achieve your goals!

Leslie Kopp                             Christi Arndt                                 Wayne Lyons                                                                 
(302) 541-5207                       (302) 245-5223                              (302) 858-7347