*Data was derived from the Sussex County MLS and tax records. Includes properties in FENWICK ISLAND. May not reflect all activity in the marketplace.
As another busy summer season winds down, many Fenwick Island buyers and sellers are beginning to think about what's next. Whether you're planning for next year or simply keeping an eye on the market, we've put together a snapshot of how the first seven months of this year compare to the same period last year.
Fenwick Island continues to demonstrate exceptional market strength. While inventory has increased from 7 to 12 properties, sales activity has held steady. Overall sales volume has increased by 8%, homes are going under contract an average of 21 days faster than last year, average sale prices have risen by 9%, and sales of $2 million-plus homes are up 29%, creating favorable conditions for homeowners considering a sale.
If selling or purchasing has been on your mind, we would be happy to provide a current market evaluation, answer your questions, and help you decide if the timing is right for you. Please give us a call.
Leslie Kopp Christi Arndt Wayne Lyons
(302) 541-5207 (302) 245-5223 (302) 858-7347
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