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Fenwick Island Market Slows Some in 2018

Posted by Leslie Kopp on Mon, November 15th, 2019 at 10:05 pm.

 

Happy New Year!  After significant strengthening from 2015 to 2017, the 2018 year-end real estate report for Fenwick Island shows us that the market experienced a slight slow down last year.  These statistics do not tell the whole story!

Total sales in the market as a whole from Fenwick Island to North Bethany held firm in 2018.  Additionally, in Fenwick Island, both the median price and $1million+ sales increased while inventory as a whole decreased.  These are all very positive trends.  We are pleased to share with you that properties listed with us in Fenwick sold more than 6 months quicker than all others and our sellers realized a higher sale-to-list price (95% versus 94%).

We are grateful for your continued confidence and wish you a happy, healthy, and prosperous 2019!

Leslie Kopp & Christi Arndt

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