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Delaware Shore Properties

By Matt Brittingham | Broker in Lewes, DE

The hosuing market in the Delaware Shore area has improved over the last year!

Happy Spring to you and your family! Below are Sussex Counties numbers 2012 vs. 2013 with a breakdown of Single family and Condo/Townhomes. Based on this information, you can see that the housing market in the Delaware Shore area has improved over the last year. I encourage you to take a look and feel free to email or call me with any questions.

As always, if you, your family, friends or neighbors are considering buying or selling, or have any real estate related questions, please have them call or email me.

Sussex County, Delaware
2012 vs 2011 SOLD
Plus Currently ACTIVE
VARIABLE SINGLE FAMILY CONDO / TOWNHOUSE COMBINED
SOLD PROPERTIES
2011 TOTAL # SOLD 1,729 604 2,333
2012 TOTAL # SOLD 2,277 845 3,122
Difference # SOLD 548 241 789
% Change # SOLD 32% 40% 34%
2011 MEDIAN SOLD PRICE $245,000 $260,000 $250,000
2012 MEDIAN SOLD PRICE $246,000 $265,000 $250,000
Difference MEDIAN SOLD PRICE $1,000 $5,000 $0
% Change MEDIAN SOLD PRICE 0% 2% 0%
2011 AVERAGE SOLD PRICE $349,251 $296,880 $335,692
2012 AVERAGE SOLD PRICE $328,139 $305,816 $322,097
Difference AVERAGE SOLD PRICE -$21,112 $8,936 -$13,595
% Change AVERAGE SOLD PRICE -6% 3% -4%
2011 AVERAGE Days on Market 197 245 209
2012 AVERAGE Days on Market 198 239 209
Difference AVERAGE Days on Market 1 -6 0
% Change AVERAGE Days on Market 1% -2% 0%
ACTIVE PROPERTIES
TOTAL # LISTED 2,454 792 3,246
AVERAGE Days on Market 297 305 299
AVERAGE List Price $430,066 $353,308 $411,337
MEDIAN List Price $279,900 $289,700 $284,900
HIGH List Price $7,500,000 $1,999,000 $7,500,000
LOW LIST PRICT $19,900 $69,300 $19,900
SOURCE: Sussex County Association of REALTORS®, InnoVia MLS System, as of March 12, 2013
â–º All information presented subject to change without notice. â—„
Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company.
Equal Housing Opportunity. Each Office is Independently Owned And Operated.

Matt Brittingham

Associate Broker

Ocean Atlantic | Sotheby’s INTERNATIONAL REALTY

Cell: 302-344-9026

Email: Matt.Brittingham@oasothebysrealty.com

Delaware Coastal Property Value: http://www.homeinsight.com/Widget/default.asp?ZO8LFBSQZJL1

Web: www.MattBrittingham.com

Information presented subject to change without notice.

Disregard if you are working with another REALTOR®.


 
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