Slower Start, Inventory Limited in Fenwick Island
Last month, we reported that the exceptionally wet and cold winter weather was not ideal for prospective buyers to visit the beach. A look back at the first quarter shows us that total sales in Fenwick Island were off by more than 50% when compared to a very strong start in 2018.
It is important to note that for quite some time, the number of properties actively for sale in Fenwick has been well below the 10 year average of 65 properties. There are currently 43 single family homes and condo/townhomes for sale – limited inventory continues to be a factor!
We are proud to share that we had the fortunate opportunity to participate in 41% of the transactions in the Bethany-Fenwick area during the first quarter, representing the buyer, seller, or both parties. If you are considering a sale or looking to buy, our market knowledge and experience in unmatched. Please give us a call 302-541-5207.
Leslie Kopp & Christi Arndt