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Found 61 entries about Fenwick Island Real Estate Blog.

Last month, we shared with you that real estate sales had been firm through the first 3 quarters of the year for Bayside. This trend continued in October as 2 properties in Bayside went under contract last month. This is consistent with 2 sales in October of 2023.  As the graph illustrates, the median sale price for both single family homes and condo/townhome properties in Bayside have dropped slightly in 2024. During this time of Thanksgiving, we are grateful that so many of you look to our group for guidance and expertise in real estate. We wish you a healthy and joyful holiday!

If you are considering a purchase or a sale, it is never too early to have a conversation. Please reach out to our Bayside experts:

Wayne Lyons                    Kiki

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Last month, we shared with you that real estate sales had picked up in September. This carried into October as 34 properties in the Bethany-Fenwick area went under contract last month. This is up 55% compared to 22 sales in October of 2023. As the graph illustrates, the median sale price for both single family homes and condo/townhome properties have risen in 2024.   If you are considering a purchase or a sale, it is never too early to have a conversation. Please give us a call. During this time of Thanksgiving, we are grateful that so many of you look to our group for real estate guidance and expertise.   We wish you all a healthy and very joyful holiday!

Leslie Kopp                          Christi Arndt
(302) 542-3917                     (302)

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Last month, we reported that the Bayside real estate market had picked up some in August. Unfortunately, that momentum was not as strong in September. During the month, 8 properties went under contract. This compares to 9 sales during the same month last year. 

Through the first 3 quarters of the year, the market has been firm for sellers of all property types and locations in Bayside. While it is a few days longer for properties to sell, total sales are up for all property types. If you are exploring your options, we always welcome a conversation.

Please call our Bayside Experts, Wayne Lyons (302) 858-7347 or Kiki Hargrove (302) 569-2959

This month, we will be hosting the Wags, Witches and Warlocks Halloween parade in downtown Bethany

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Last month, we reported that the beach real estate market slowed some in August. We are pleased to share that buyer activity picked up nicely in September ! During the month, 30 properties in the Bethany-Fenwick area went under contract. This is up 43% when compared to 21 sales during the same month last year.

A nice rise in newly available inventory, specifically for single family homes, was a leading factor that contributed to this flurry of activity. As the chart illustrates, through the first 3 quarters of the year, the market has remained firm for all property types at the beach. If you are exploring your options as a buyer or seller, we always welcome a conversation.

Leslie Kopp                          Christi Arndt                

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Light traffic, cooler temperatures, and warm ocean breezes make September our favorite time of the year to live at the beach. This is also a special month for me personally as it marks 35 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, Wayne Lyons, Kiki Hargrove, and the group, we will continue to offer you the highest level of guidance and expertise in real estate well into the future!

The real estate market for Bayside has remained firm when compared to last year. During the month of August, 5 properties went under contract in your community. This compares to 3 during the same month last year. As the chart illustrates,

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Summer Buyer Activity Slower in Bayside

After a strong Spring market in Bayside that was fueled by increased inventory and more buying options, we experienced some slowing in June and July. During those 2 months, 10 properties went under contract in your community (versus 14 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 90% when compared to the same time last year, creating more competition for sellers. Meanwhile, most properties are taking about a month to go under contract.

If we can offer you any real estate guidance, please call our Bayside Experts.

Wayne Lyons                      Kiki Hargrove
(302) 858-7347              (302) 569-2959

Data was derived from the

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Fenwick Island Real Estate Market Update

While real estate activity in Fenwick Island was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 10 properties went under contract in Fenwick Island (versus 4 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 300% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties are taking a little more time to go under contract.

So far this year, our group has participated in more than 30% of property sales in the Bethany-Fenwick area. If we can offer you any real estate guidance, please give us a call.

Leslie

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Credit to: Coastal Point • Kerin Magill

Report after report cite the inevitability of climate change impacts to the coastal area, but in Fenwick Island last week, residents gathered with experts to hear that they can, in fact, make a difference.

Representatives of local environmental groups, state agencies and other organizations gathered at Fenwick Island Town Hall on Thursday, July 25, for “Fenwick Nurtures Nature: Dark Sky & Green Infrastructure Education Symposium.”

Organized by Fenwick Island’s Residential Concerns Committee, the event featured informational displays and discussions with representatives of groups including the Delaware Center for the Inland Bays, the Delaware Urban & Community Forestry Program, Delaware Botanic Gardens,

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Bayside Resort Real Estate Market Update

During this time of the year, we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. At this time, both single family and condo/townhome property types in Bayside continues to be well under a balanced market, staying in a seller’s market due to good buyer activity.   While condo/townhome inventory is growing, it remains a seller’s market for all property types in Bayside!

If you would like to discuss the market in more

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bethany-fenwick market update image

This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. The market is clearly shifting as all areas moved in a favorable direction for buyers. We continue to stay in a seller’s market from North Bethany to South Bethany, but growing inventory in Fenwick Island has shifted that area into a buyer’s market.        

If you would like to discuss the market in more detail as a buyer or a seller,

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