Fenwick Island Market Remains Strong in Fall
Last month, we reported that the fall market conditions were strong in the Bethany-Fenwick area. We are pleased to report that this trend continued through October. During the month, single family home sales at the beach were up considerably over 2018 (22 vs 14). Meanwhile, after a strong September for the condo/townhome segment, there was some softening as 14 properties went under contract vs. 24 in October of last year. Fenwick Island sales were also down some (1 vs. 3).
As the chart illustrates, year-to-date, the Fenwick Island market is keeping pace with a strong 2018 and factors point towards the continuation of this trend. Over-all, we are optimistic about real estate conditions as we head into 2020!
During this time of Thanksgiving, we are grateful to you for your continued trust and confidence. We wish you and your loved ones a safe and joyful holiday season!
Leslie Kopp & Christi Arndt