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You Can View EVERY Property That Is Listed for Sale in Sussex County Through the Multiple Our Market Snapshot Program Will Listing Service

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December 2010 View Market Statistics For Sussex County, Delaware Join Our Real Estate Market Snapshot Welcome to the monthly issue of Real Estate Market Watch. As a prospective buyer Program Today! or seller, you’ll find it to be an extremely useful tool. The statistical analysis contained in this publication will give you valuable market information and trends for real estate in eastern Sussex County, Delaware. Have you ever asked yourself the fol- For Buyers, Real Estate Market Watch will be a valuable tool for making an offer on a lowing questions: property. Having up-to-date information on selling prices of comparable homes will allow you to make the smartest offer. How do actual selling prices com- pare to listing prices in my area? For Sellers, Real Estate Market Watch will afford you the knowledge to determine the How are homes within a 5 mile listing price for your property, allowing you to obtain the best possible sale price in the radius selling? shortest amount of time. How many unsold homes are in my area? Info on Every Property For Sale in Sussex County What are the average selling prices for homes in my area? With Prudential Gallo, REALTORS innovative website, www.prugallo.com, you can view EVERY property that is listed for sale in Sussex County through the Multiple Our Market Snapshot program will Listing Service. answer these and many other questions. It allows you to receive a weekly report filled with market statistics that are Features of the Website: customized for the area and price range View listing info, photos and of home that you specify. virtual tours Search for homes in specific To join, visit our website at: communities Search for homes by commu- www.PruGalloStats.com nity types, including waterfront, golf and retirement Links and information on every aspect of life in Sussex County, DE. Tips for Buyers and Sellers Calendar of Events including Open Houses Lewes Office Rehoboth Beach Office 16712 Kings Highway 37230 Rehoboth Avenue Ext. Lewes, DE 19958 Rehoboth Beach, DE 19971 302-645-6661 302-227-6101 800-321-3839 800-321-2268 Cutting-Edge Technology For www.prugallo.com Today’s Consumer MLS Area 1 (Jan-Dec 2010) Lewes and Rehoboth Beach West of the Canal New Listings Put On The Market Units Sold Statistics For Eastern 2010................................581 2010................................312 2009................................593 -2% 2009................................269 +16% Sussex County, Delaware Average List Price Of New Listings Average Sales Price All statistics are based on Single Family 2010.......................$503,554 2010.......................$410,299 Homes listed and sold from the period 2009.......................$529,485 2009.......................$401,920 -5% +2% January through December, comparing 2010 Median List Price Of New Listings Median Sales Price against the previous year of 2009. 2010.......................$389,900 2010.......................$360,523 2009.......................$399,900 -3% 2009.......................$370,000 -3% Statistics were compiled from the Sussex County Association of REALTORS® Multi- Current Active Inventory Units Active....352 Low ....................$115,000 High..........$5,500,000 ple Listing Service. Average List Price.............. $559,533 Median List Price................$414,450 The map of Sussex County, Delaware on the back page of this publication describes MLS Area 2 (Jan-Dec 2010) Lewes/Rehoboth/Dewey Beach East of Canal where each MLS Area is located. New Listings Put On The Market Units Sold 2010................................196 2010..................................92 Explanation of Statistics 2009................................218 2009..................................79 -10% +16% Average List Price Of New Listings Average Sales Price New Listings Put on the Market 2010....................$1,250,564 2010....................$1,081,847 The number of single family homes that 2009....................$1,339,577 -7% 2009....................$1,030,526 +5% were listed during the time frame specified. Median List Price Of New Listings Median Sales Price Average List Price of New Listings 2010.......................$900,000 2010.......................$837,500 The average listing price of all single family 2009....................$1,124,500 -20% 2009.......................$805,000 +4% homes listed during the time frame specified. Current Active Inventory Units Active....162 Low ....................$199,000 High........$10,000,000 Median List Price of New Listings Average List Price........... $1,465,500 Median List Price.............$1,100,000 The median listing price is the point where half of the listings were below this point, and half of the listings were above this point. MLS Area 3 (Jan-Dec 2010) Bethany/Oceanview Area West of Route 1 New Listings Put On The Market Units Sold Units Sold 2010................................579 2010................................240 The number of single family homes that sold 2009................................614 -6% 2009................................224 +7% and settled during the time frame specified. Average List Price Of New Listings Average Sales Price Average Sales Price 2010.......................$377,381 2010.......................$336,567 2009.......................$378,554 2009.......................$335,398 The average selling price of all single family homes that sold and settled during the time Median List Price Of New Listings Median Sales Price frame specified. 2010.......................$336,010 2010.......................$292,250 2009.......................$329,950 +2% 2009.......................$299,517 -2% Median Sales Price Current Active Inventory The median sales price is the point where Units Active....395 Low ......................$89,900 High..........$4,250,000 half of the sold homes were below this point, Average List Price.............. $409,455 Median List Price................$340,000 and half of the sold homes were above this point. MLS Area 4 (Jan-Dec 2010) Bethany Beach/Fenwick Island East of Route 1 Current Active Inventory The number of homes listed on the market New Listings Put On The Market Units Sold for sale as of a specific date 2010................................277 2010................................116 2009................................276 2009................................103 +13% Average List Price Of New Listings Average Sales Price For more information on these statistics, or 2010....................$1,127,434 2010.......................$732,391 other statistics in a specific area or market, 2009....................$1,007,994 +12% 2009.......................$868,816 -16% please contact one of our Sales Professionals today. Median List Price Of New Listings Median Sales Price 2010.......................$749,900 2010.......................$547,500 2009.......................$717,500 +5% 2009.......................$625,000 -12% Current Active Inventory Units Active....196 Low ....................$249,900 High..........$6,500,000 Average List Price........... $1,232,484 Median List Price................$804,450 5-Year Analysis MLS Area 5 (Jan-Dec 2010) Angola/Long Neck/Millsboro Area New Listings Put On The Market Units Sold 2010................................475 2010................................161 Single-Family Homes Sold in 2009................................448 +6% 2009................................147 +10% Sussex County 2006—2010 Average List Price Of New Listings Average Sales Price 2010.......................$314,746 2010.......................$281,061 Eastern Sussex County 2009.......................$346,079 -9% 2009.......................$264,030 +6% Avg. Med. Median List Price Of New Listings Median Sales Price Units Sales Sales 2010.......................$260,000 2010.......................$243,000 Year Sold Price Price 2009.......................$257,450 +1% 2009.......................$216,000 +11% 2006 1,786 $490,146 $347,500 Current Active Inventory Units Active....322 Low ......................$39,000 High..........$2,900,000 2007 1,534 $484,415 $355,000 Average List Price.............. $356,962 Median List Price................$269,000 2008 1,096 $456,775 $322,750 MLS Area 6 (Jan-Dec 2010) Milton and Broadkill Beach Area 2009 1,165 $402,592 $290,000 New Listings Put On The Market Units Sold 2010 1,252 $406,645 $302,000 2010................................302 2010..................................96 2009................................281 +7% 2009..................................92 +4% In Eastern Sussex, there has been a Average List Price Of New Listings Average Sales Price steady rise in the number of units sold 2010.......................$320,644 2010.......................$272,137 2009.......................$304,865 during the last 2 years, with about a 14% +5% 2009.......................$267,572 +2% increase in units sold since the low point Median List Price Of New Listings Median Sales Price of 2008. The average and median sale 2010.......................$274,995 2010.......................$261,500 prices increased slightly in 2010, but are 2009.......................$270,500 +2% 2009.......................$250,000 +5% still around 15% - 20% lower than the Current Active Inventory prices in 2006. Units Active....223 Low ......................$99,000 High..........$6,495,000 Average List Price.............. $337,777 Median List Price................$279,990 Western Sussex County Avg. Med. MLS Area 7 (Jan-Dec 2010) Georgetown Area Units Sales Sales Year Sold Price Price New Listings Put On The
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