Summer Buyer Activity Stronger in Fenwick Island

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 .