Fenwick Market Slower in 2018, Fall Rebound

Posted by Leslie Kopp on Monday, November 12th, 2018 at 6:04am.

After a late summer slow down, the Bethany-Fenwick market experienced a significant rise in sales during October when compared to 2017. In Fenwick Island alone, 4 properties went under contract versus 2 last year.

Buyers benefited from a nice jump in September inventory and we were fortunate to represent the seller of the only single family home sale in Fenwick during the month. This property went under contract in less than 2 weeks!  

Fenwick Island Real Estate 2018 Fall Market Update

As the chart illustrates, year-to-date sales been slow when compared to 2017, but this does not tell the whole story. Properties are going under contract more than 2 months quicker than a year ago and the higher-end market is strong. These are encouraging trends and over-all, we are optimistic about the market as we head into 2019!

This Thanksgiving and always, we are thankful for your continued trust and confidence. We wish you and your loved ones a very joyful holiday season!

Leslie Kopp & Christi Arndt

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