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Fenwick Island Market Update

Posted by Leslie Kopp on Mon, October 6th, 2014 at 10:29 am.

After a slower August, Fenwick Island realized significant homes sales activity with four single-family homes sold and an additional five homes put under contract in the month of September. This is up from three sales and zero new contracts in September of 2013. Three of the five homes that went under contract last month were listed with The Leslie Kopp Group.

As the graph indicates, sales are up 60% year-to-date and the average price of homes sold is up 20% versus 2013. There are currently 26 single-family homes actively for sale in Fenwick. When comparing this to the pace of recent sales, it tells us that we are still in a buyer’s market. This is true for most transactions, but every property is unique. A few transactions in Fenwick Island this year have been more characteristic of a neutral or seller’s market.

*This data is derived from the Delaware MLS and may not reflect all activity in the marketplace.

With the combined experience of over 40 years in Fenwick Island, Wayne and I commit to you the best service and knowledge in the industry. If you are considering a sale or know someone interested in buying, give us a call.

Leslie Kopp
Cell: (302) 542-3917

Wayne Lyons
Cell: (302) 858-7347

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