Fenwick Island Market Slows Some in 2018
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