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Fenwick Market Slower in 2018, Fall Rebound

Posted by Leslie Kopp on Mon, November 12th, 2018 at 2:57 am.

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!

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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