Fenwick Market Slower in 2018, Fall Rebound
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