Early Surge in Activity, South Bethany & Fenwick Steady
by Leslie Kopp
on Tuesday, March 6th, 2018 at 3:25pm.
Bethany - Fenwick Island Real Estate
One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive for the market as a whole. The number of properties that went under contract during the first two months from North Bethany to Fenwick Island was up 22% year-over-year !
Sales volume in dollars is up by less because the majority of the increase is attributed to condo/townhome activity (39 vs 24 new contracts). Single family home sales softened some due to the continuation of limited inventory (28 vs 34).
South Bethany sales are down slightly (4 vs 5) which is due to very low inventory while Fenwick Island sales (5 vs 6) are down slightly due to a lack of appropriately priced inventory.
If you are contemplating a sale or if you have considered making a move up, we strongly encourage you to take advantage of the current market conditions. Please give us a call 302-541-5207