Strengthening Market with Surge in July Sales in Bethany-Fenwick
It is hard to believe that we are more than half of the way through the year and we are pleased to report that real estate activity picked up significantly in recent weeks. In fact, during the month of July, 44 properties went under contract in the Bethany-Fenwick area. This is up 22% when compared to the same time last year. Sales volume in dollars (based on list price) improved even more considerably, a significant 55%.
Notably, the market experienced a nice increase in $1million+ sales during the month (13 went under contract versus 7 in July of 2018). We had the fortunate opportunity to participate in 69% of these higher-end sales and 48% of total sales for the month of July.
As the chart illustrates, market conditions continue to be favorable at the beach. Please give us a call if you are considering buying or selling, 302.541.5207.
Leslie Kopp & Christi Arndt