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Fenwick Island Real Estate Blog

Fenwick Island Market Surge in 2020, Sharp Decline in Inventory

by Leslie Kopp

Happy New Year!  We hope you and your family had a safe and healthy holiday season. As we look back on an incredible year for beach real estate, you might recall that 2020 started strong in early months and slowed with the onset of COVID-19 in March and April.  The market came back in May […]

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Fenwick Island Sales Continue to Surge, Inventory Shortage

by Leslie Kopp & Christi Arndt

  Last month, we shared that we were in a strong seller’s market at the beach with increasing real estate sales and declining inventory.  This trend continued in July as 6 properties went under contract in Fenwick Island versus 5 during the same month last year.  Inventory continues to fall as there were just 2 […]

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Positive Start to 2020 for Bethany-Fenwick Real Estate Market

by Leslie Kopp & Christi Arndt

While the stock market has shown volatility in recent weeks, the beach real estate market has remained very firm.  Mild winter weather and exceptional interest rates have contributed to strong buyer activity early in the year. As the chart illustrates, total sales are up 6% to-date when compared to the same time last year and […]

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Strong Seller’s Market

by Leslie Kopp & Christi Arndt

  We are often asked whether we are in a buyer’s market or a seller’s market at the beach. To clearly answer this question, we need to calculate Months of Inventory, also known as the  Absorption Rate. Generally speaking, 6 to 7 months of  inventory is a balanced market, more is a buyer’s market, less […]

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Fenwick Island Market Surge in 2019

by Leslie Kopp & Christi Arndt

  Happy New Year! Last year at this time, we communicated to you that the Fenwick Island market slowed some compared to a strong 2017. We are pleased to report that there was a significant rebound in 2019 with a 44% rise in sales volume! Importantly, there was an increase in sale prices and with […]

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Fenwick Island Market Remains Strong in Fall

by Leslie Kopp & Christi Arndt

ast month, we reported that the fall market conditions were strong in the Bethany-Fenwick area.  We are pleased to report that this trend continued through October.  During the month, single family home sales at the beach were up considerably over 2018 (22 vs 14).  Meanwhile, after a strong September for the condo/townhome segment, there was […]

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Q3 Strong as Fenwick Island Sales Remain Firm

by Leslie Kopp & Christi Arndt

After a slower start to the year, the real estate market at the beach picked up nicely in the second quarter of 2019 and activity continued to be very strong through the third quarter. In fact, September was the fifth month in a row that new contracts out-paced the same month last year in Fenwick […]

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Strengthening Market with Surge in July Sales in Fenwick Island

by Leslie Kopp & Christi Arndt

  The Bethany-Fenwick market experienced a significant upswing in buyer activity in July! Click here to view our blog post with an update on the market as a whole. The chart provided includes year-to-date market data for Fenwick Island. Through July, sales of single family homes and condo/townhomes are both up compared to the same […]

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Market Trend Shifts Direction

by Leslie Kopp & Christi Arndt

You might recall that this is the time of year when we like to share absorption rates with you. This statistic tells us whether we are trending in the direction of a buyer’s or seller’s market by comparing the pace of sales over the last 12 months with inventory levels. Generally speaking, 7 months of […]

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Average Price & Active Inventory in Fenwick Island

by Leslie Kopp & Christi Arndt

We are often asked about the direction of prices and how values at the beach compare to the market peak or other points in time. There is no question that values are rising for the market as a whole and as the graph illustrates, prices are up some in Fenwick Island.  All signs point to […]

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