September is our favorite time of the year to live at the beach. We hope you have a chance to be here to enjoy the cooler temperatures, light traffic, and warm ocean breezes! This is also a special month for me personally, as it marks 36 years since starting a career in real estate at the beach. I am extremely grateful to have earned the trust of so many of you over the years and together with Christi Arndt, Wayne Lyons, and the group, we will continue to offer the highest level of guidance and expertise in real estate well into the future!

The real estate market for Fenwick has remained strong when compared to last year. During the month of August, 3 properties went under contract in Fenwick, compared to 4 during the same month last year. As the

While real estate activity in Fenwick Island was up considerably through May compared to last year, we experienced a slowdown in June and July. During those months, 8 properties went under contract in Fenwick, compared to 11 in June and July of last year.

As the chart illustrates, total sales in Fenwick Island are up 13% year-to-date, while sales volume in dollars is up 17%. Inventory is flat compared to the same time last year, and properties are staying on the market much longer, with 59 days as the median days-to-contract.

So far this year, our group has represented more Fenwick Island buyers and sellers than any other agent or group. If we can provide you with any real estate guidance as a buyer or a seller, please give us a call.

Leslie

We are often asked if we are in a Buyer’s Market or a Seller’s Market at the beach and this is the time of year when we calculate absorption rates in order to answer that question and understand how the market is trending. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a Buyer’s Market and less a Seller’s Market. The continuation of very limited inventory for sale has kept us in a Seller’s Market from Fenwick Island to North Bethany.        

If you would like to discuss the market in more detail, we are here to help. Please give us a call.

Leslie Kopp                            Christi

Happy Spring! As we look back on the first 4 months of the year, sales in Fenwick Island were up significantly when compared to the same time last year. With 17 properties currently for sale, inventory has grown by 31% in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have more than 40 properties available for sale in Fenwick Island.      

As the chart illustrates, sales activity is up 70% when compared to the first 4 months of 2024, and sales volume is up 24%. Properties are taking twice as long to sell with 38 days as the
median days-to-contract vs. 19 days last year.

If we can offer you any real estate guidance as a buyer or seller in Fenwick Island, please give us a call: (302)