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Fenwick Island Real Estate Blog

Buyer’s or Seller’s Market at the Beach

by Leslie Kopp

If you have been following our market updates, you might recall from previous messages that absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales, if no new listings were added to the market. Our mid-year absorption rates are important as inventory tends to […]

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Beach Sales Stay Strong in May

by Leslie Kopp

We have finally had a number of beautiful, sun-filled weekends and it is nice to see so many families enjoying the beach and boardwalk! After a slow start to the year, real estate activity as a whole picked up nicely in April and remained strong in May. During the month, 34 properties went under contract […]

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Sales Rebound in February

by Leslie Kopp

After what was the slowest January that the Bethany-Fenwick market had experienced in quite some time, I am pleased to report there was a significant rise in real estate activity in February. New contracts on single-family (18) and condo/townhomes (13) matched last year’s strong February numbers and sales volume in dollars under contract was up […]

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Fenwick Committee Split on Freeboarding

by Leslie Kopp

Courtesy of Laura Walter, Coastal Point March 11, 2016 Some Warn about Wintertime Perceptions The Fenwick Island Charter & Ordinance Committee isn’t entirely comfortable with a proposed freeboard ordinance. In fact, the group was split on March 8 on whether they agreed with the law as written. The town council has already approved the first […]

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Fenwick Bars New Hotels for 2 Years

by Leslie Kopp

Article Courtesy of Phil Davis, Gannett Publishing 2/27/16 In a unanimous vote, Fenwick Island’s town council imposed a two-year moratorium on new hotel construction in the town’s commercial district. The decision came with little fanfare and no public comments, but it comes at a time when housing and business development in one of Delmarva’s “quiet […]

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Buyer’s or Seller’s Market

by Leslie Kopp

As you may recall from previous messages that absorption rates tell us how many months it will take to sell all existing inventory at the current pace of sales if no new listings were added to the market. We like to look at absorption rates twice a year, on December 31st and again on June […]

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Fenwick Island Markets Mixed in 2015

by Leslie Kopp

A new year is upon us and we would first like to wish you and your 2016 filled with abundance, joy, and peace. Looking back at Fenwick Island real estate sales in 2015, single-family home sales were down considerably when compared to 2014 while the condo/townhome market held firm. After significant gains in the number […]

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Sales Flat in Bethany-Fenwick Area, Prices Stable

by Leslie Kopp

As Thanksgiving approaches, my group is especially thankful to all of those that trust us with your real estate needs and look to us for market updates. We value your confidence and wish you and your loved ones a holiday season filled with peace, love and great joy! This is a good time of the […]

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Freeboarding, Fenwick Island

by Leslie Kopp

Fenwick Residents Asked To Weigh In On Freeboarding Article Courtesy of Charlene Sharpe, The Dispatch FENWICK ISLAND – Town officials are hoping a survey will help gauge public opinion regarding free boarding and what effect it should have on building height in Fenwick Island. The town last week sent out a survey asking residents whether […]

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Fenwick Island Markets Showing Mixed Results

by Leslie Kopp

While some neighboring beach communities have experienced an increase in year-over-year real estate sales activity for 2015, Fenwick Island real estate activity is mixed. Coming out of the 3rd quarter, single-family home settlements are down 33% and sales volume in dollars is down 44%. Meanwhile, condo/townhome settlements are up 50% and sales volume is up […]

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