Main Content

Fenwick Island Real Estate Blog

Fenwick Market Slower in 2018, Fall Rebound

by Leslie Kopp

After a late summer slow down, the Bethany-Fenwick market experienced a significant rise in sales during October when compared to 2017. In Fenwick Island alone, 4 properties went under contract versus 2 last year. Buyers benefited from a nice jump in September inventory and we were fortunate to represent the seller of the only single-family […]

... Read More

Impressive Year-to-Date Trends, October Slowdown at the Beach

by Leslie Kopp

Year-to-date, 2017 has been exceptional for property owners! As the snapshot below illustrates, the Bethany Beach and Fenwick Island market is trending in a favorable direction when compared to the first 10 months of 2016 for 5 major market indicators. We did experience some slowdown in sales at the beach in late September that continued […]

... Read More

Summer Sales Slow at the Beach, Inventory Begins to Rise

by Leslie Kopp

After the strongest start to the year in more than a decade, real estate activity slowed early this summer and the trend carried through August. Sales last month of both single-family homes and condo/townhomes were down considerably compared to August of 2017. Inventory is now on the rise in several areas and we will be […]

... Read More

Beach Market Strong, Sales Slow in Fenwick

by Leslie Kopp

It is hard to believe that we are more than half of the way through the year and while the beach real estate market as a whole is trending in a positive direction, Fenwick Island has experienced some slowing when compared to 2017. As the chart indicates, through July, the total number of both single-family […]

... Read More

Property Values on the Rise

by Leslie Kopp

One year ago, we communicated to you that after nearly 5 years of price stability, we were beginning to see property values on the rise. As the graph illustrates, there is no question that prices continue to climb. The median sale price of single-family homes and condo/townhomes sold through May of this year is up […]

... Read More

Exceptional First Quarter at the Beach

by Leslie Kopp

While the winter weather was not ideal to encourage buyers to visit during the first quarter of 2018, the overall beach real estate market was strong. In fact, conditions are more favorable today than they have been in over a decade from North Bethany to Fenwick Island. Total sales, prices and the pace of sales […]

... Read More

Early Surge in Activity, South Bethany & Fenwick Steady

by Leslie Kopp

Bethany – Fenwick Island Real Estate One year ago, we reported to you that January and February market activity was the strongest that we had experienced in more than a decade. The start to 2018 has been even more impressive for the market as a whole. The number of properties that went under contract during […]

... Read More

Buyers or Sellers Market at the Beach

by Leslie Kopp

We are often asked whether it is a buyer’s market or a seller’s market at the beach. Knowing the Months of Inventory available helps to determine the type of market. Absorption rates tell us how many months it will take to sell all existing homes for sale at the current pace of sales. Generally, 7 […]

... Read More

Fenwick Island Sales Continue to Surge in 2017

by Leslie Kopp

After significant strengthening from 2015 to 2016, the Fenwick Island market remained robust in 2017. Activity was on pace to end the year with even more impressive numbers but the uncertainty of impending tax reform and limited inventory in many areas contributed to a temporary slow down late in the year. We are pleased that […]

... Read More

End of Summer Surge in Sales Activity

by Leslie Kopp

Our favorite time of year is upon us! Warm ocean breezes and light traffic make for ideal Autumn conditions at the beach. We hope you are able to enjoy some quality time on the Delaware Coast in the coming weeks. Early in 2017, we communicated to you that real estate sales were at levels we […]

... Read More