Fenwick Island Market Surge in 2019
Happy New Year! Last year at this time, we communicated to you that the Fenwick Island market slowed some compared to a strong 2017. We are pleased to report that there was a significant rebound in 2019 with a 44% rise in sales volume!
Importantly, there was an increase in sale prices and with the continuation of limited inventory at the beach, we anticipate that this trend will continue. We feel fortunate to have participated in nearly 30% of the real estate transactions in Fenwick Island during 2019, representing 15 buyers and sellers during 2019. Properties listed with our group sold much faster (51 days vs. 215) and our sellers realized a higher sale-to-list price than the rest of the market.
We are grateful for your continued loyalty and wish you and yours a happy, healthy, and prosperous 2020!
Leslie Kopp & Christi Arndt