South Bethany Sales Firm, Market Conditions Strong
After a late summer slow down, the Bethany-Fenwick market experienced a significant 52% rise in sales during October when compared to 2017. Buyers benefited from a nice jump in September inventory!
In South Bethany, 4 properties went under contract during the month and 3 of these properties were on the market for less than 40 days! As the chart illustrates, year-to-date market activity has been firm when compared to 2017. While total sales are down some, properties are going under contract more than a month quicker than a year ago, prices are up, and higher-end sales have nearly doubled.
These are encouraging trends for property owners and over-all, we are very optimistic about the South Bethany market as we head into 2019!
This Thanksgiving and always, we are thankful to you for your continued trust and confidence. We wish you and your loved ones a very joyful holiday season!
Leslie Kopp & Christi Arndt