While real estate activity in Fenwick Island was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in June and July. During those 2 months, 10 properties went under contract in Fenwick Island (versus 4 during the same time last year).
As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 300% when compared to the same time last year, creating more competition for sellers. Meanwhile, properties are taking a little more time to go under contract.
So far this year, our group has participated in more than 30% of property sales in the Bethany-Fenwick area. If we can offer you any real estate guidance, please give us a call.
Leslie Kopp Christi Arndt Wayne Lyons
(302) 542-3917 (302) 245-5223 (302) 858-7347
Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Fenwick Island. May not reflect all market activity .
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