Real Estate Market Watch
Month Ending December 2013
View Market Statistics For Sussex County, Delaware Get
Welcome to the monthly issue of Real Estate Market Watch. As a prospective buyer Inside Access or seller, you’ll find it to be an extremely useful tool. The statistical analysis contained Today! in this publication will give you valuable market information and trends for real estate in Sussex County, Delaware. Our proprietary Berkshire Hathaway
For Buyers, Real Estate Market Watch will be a valuable tool for making an offer on a HomeServices system - Inside Access - property. Having up-to-date information on selling prices of comparable homes will provides you with a complete scouting allow you to make the smartest offer. report on any particular community right down to the zip code. Inside Ac- For Sellers, Real Estate Market Watch will afford you the knowledge to determine the cess is powered by actual MLS data listing price for your property, allowing you to obtain the best possible sale price in the from throughout the U.S. - the cleanest, shortest amount of time. most accurate data available. Once registered, you will have access to re- search sold listings as well as listings Current Market Conditions For Sussex County, DE currently on the market. (as of 12/31/2013) Through Inside Access you can also Total Single Family Homes on the Market as of 12/31/2013 ...... 2,250 gain current information about sur- 13% from last month rounding neighborhoods, schools, the economy, the environment, quality of life, drive times and much more. Total Single Family Homes Sold Current Year ...... 2,583 Total Single Family Homes Sold Previous Year ...... 2,294 To gain Inside Access, register through % Change in Homes Sold ...... 13% the Real Estate Market Watch page on our website:
Average Price of Homes Sold Current Year ...... $346,495 GoToGallo.com Average Price of Homes Sold Previous Year ...... $327,990 % Change in Average Price ...... 6%
Median Price of Homes Sold Current Year ...... $268,500 Median Price of Homes Sold Previous Year ...... $247,625 % Change in Median Price ...... 8%
For more detailed statistics on specific areas of Sussex County, Delaware, look inside! Try our website on your mobile phone Lewes Office Rehoboth Office Bethany Office 16712 Kings Highway 37230 Rehoboth Ave. Ext. 33292 Coastal Highway #1 Search for any property on Lewes, DE 19958 Rehoboth Beach, DE 19971 Bethany Beach, DE 19930 the market (302) 645-6661 (302) 227-6101 (302) 537-2616 Find your perfect vacation rental Formatted to work on any GoToGallo.com mobile phone Lewes & Rehoboth Hundred (Jan-Dec 2013) Lewes/Rehoboth/Dewey
Total Units Sold Total Units Sold By Price Range in 2013 Statistics For Homes Sold 2013 ...... 650 +25% Under $100,000 ...... 1 2012 ...... 521 Sussex County, Delaware $100,000-$200,000 ...... 25 $200,000-$300,000 ...... 87 Average Sales Price $300,000-$400,000 ...... 148 All statistics are based on Single Family 2013 ...... $557,558 +6% $400,000-$500,000 ...... 163 Homes listed and sold for the period January 2012 ...... $526,680 $500,000-$600,000 ...... 68 $600,000-$700,000 ...... 46 through December, comparing 2013 against Median Sales Price $700,000-$800,000 ...... 22 the previous year of 2012. 2013 ...... $436,241 $800,000-$900,000 ...... 16 +6% $900,000-$1,000,000...... 17 2012 ...... $413,331 Over $1,000,000 ...... 57 Statistics were compiled from the Sussex County Association of REALTORS® Multi- Current Active Inventory Units Active ... 370 Low ...... $64,900 High ...... $6,995,000 ple Listing Service. Average List Price...... $720,431 Median List Price ...... $499,995 The map of Sussex County, Delaware on the back page of this publication describes Baltimore Hundred (Jan-Dec 2013) Bethany/Fenwick Area where each Area is located.
Total Units Sold Total Units Sold By Price Range in 2013 2013 ...... 526 +1% Under $100,000 ...... 14 Explanation of Statistics 2012 ...... 521 $100,000-$200,000 ...... 68
$200,000-$300,000 ...... 137 Units Sold Average Sales Price $300,000-$400,000 ...... 107 2013 ...... $433,559 -3% $400,000-$500,000 ...... 62 The number of single family homes that sold 2012 ...... $448,218 $500,000-$600,000 ...... 50 and settled during the time frame specified. $600,000-$700,000 ...... 41 Median Sales Price $700,000-$800,000 ...... 6 $800,000-$900,000 ...... 8 Average Sales Price 2013 ...... $333,500 +4% $900,000-$1,000,000...... 5 The average selling price of all single family 2012 ...... $320,000 Over $1,000,000 ...... 28 homes that sold and settled during the time Current Active Inventory frame specified. Units Active ... 555 Low ...... $49,900 High ...... $5,950,000 Average List Price...... $600,909 Median List Price ...... $399,900 Median Sales Price The median sales price is the point where half of the sold homes were below this point, Indian River Hundred (Jan-Dec 2013) Angola/Long Neck/Millsboro and half of the sold homes were above this Total Units Sold Total Units Sold By Price Range in 2012 point. 2013 ...... 350 +14% Under $100,000 ...... 19 2012 ...... 306 $100,000-$200,000 ...... 92 Current Active Inventory $200,000-$300,000 ...... 84 The number of homes listed on the market Average Sales Price $300,000-$400,000 ...... 73 for sale as of a specific date. 2013 ...... $298,904 +11% $400,000-$500,000 ...... 50 2012 ...... $269,206 $500,000-$600,000 ...... 19 $600,000-$700,000 ...... 6 For more information on these statistics, or Median Sales Price $700,000-$800,000 ...... 3 other statistics in a specific area or market, 2013 ...... $268,950 $800,000-$900,000 ...... 2 +15% $900,000-$1,000,000...... 1 please contact one of our Sales Professionals 2012 ...... $233,500 Over $1,000,000 ...... 1 today. Current Active Inventory Units Active ... 309 Low ...... $29,900 High ...... $1,800,000 Average List Price...... $314,539 Median List Price ...... $271,900 Summary Of Sales Total sales in Sussex County, Delaware through December 31, 2013: Broadkill Hundred (Jan-Dec 2013) Milton/Harbeson/Broadkill Beach Property Type # Of Closed Sales Total Units Sold Total Units Sold By Price Range in 2012 Single Family Homes 2,583 2013 ...... 185 +15% Under $100,000 ...... 15 2012 ...... 161 Condos/Townhomes 977 $100,000-$200,000 ...... 35 Mobile Homes 368 $200,000-$300,000 ...... 73 Average Sales Price $300,000-$400,000 ...... 44 Lots/Land 533 2013 ...... $261,346 +1% $400,000-$500,000 ...... 14 Commercial Properties 54 2012 ...... $259,832 $500,000-$600,000 ...... 2 $600,000-$700,000 ...... 0 Median Sales Price $700,000-$800,000 ...... 2 2013 ...... $255,557 $800,000-$900,000 ...... 0 -1% $900,000-$1,000,000...... 0 2012 ...... $257,000 Over $1,000,000 ...... 0
Current Active Inventory Units Active ... 182 Low ...... $75,000 High ...... $1,250,000 Average List Price...... $628,086 Median List Price ...... $425,000 5-Year Analysis Georgetown Hundred (Jan-Dec 2013) Georgetown Area Total Units Sold Total Units Sold By Price Range in 2012 2013 ...... 45 -29% Under $100,000 ...... 13 2012 ...... 63 Single-Family Homes Sold in $100,000-$200,000 ...... 22 Sussex County 2009—2013 $200,000-$300,000 ...... 8 Average Sales Price $300,000-$400,000 ...... 2 2013 ...... $143,931 -4% $400,000-$500,000 ...... 0 Eastern Sussex County 2012 ...... $149,886 $500,000-$600,000 ...... 0 $600,000-$700,000 ...... 0 $700,000-$800,000 ...... 0 Avg. Med. Median Sales Price 2013 ...... $140,000 $800,000-$900,000 ...... 0 Units Sales Sales +5% $900,000-$1,000,000 ...... 0 Year Sold Price Price 2012 ...... $133,000 Over $1,000,000 ...... 0 2009 1,165 $402,592 $290,000 Current Active Inventory Units Active ...... 76 Low ...... $34,900 High ...... $499,900 2010 1,252 $406,645 $302,000 Average List Price ...... $219,323 Median List Price ...... $207,722 2011 1,334 $405,418 $284,950 Cedar Creek Hundred (Jan-Dec 2013) Milford/Lincoln/Slaughter Beach 2012 1,789 $375,384 $280,000 Total Units Sold Total Units Sold By Price Range in 2012 2013 2,088 $391,011 $310,000 2013 ...... 205 +12% Under $100,000 ...... 22 2012 ...... 183 $100,000-$200,000 ...... 97 $200,000-$300,000 ...... 71 In Eastern Sussex, there has been a Average Sales Price $300,000-$400,000 ...... 9 steady rise in the number of units sold 2013 ...... $194,965 +19% $400,000-$500,000 ...... 3 2012 ...... $160,073 $500,000-$600,000 ...... 2 during the last 5 years, highlighted by a $600,000-$700,000 ...... 0 34% increase from 2011 to 2012. The Median Sales Price $700,000-$800,000 ...... 0 2013 ...... $184,900 $800,000-$900,000 ...... 0 average and median sale prices increased +17% $900,000-$1,000,000 ...... 0 2012 ...... $158,000 slightly in 2013, after 2 straight years of Over $1,000,000 ...... 1 declines. Current Active Inventory Units Active ... 164 Low ...... $49,500 High ...... $1,300,000 Average List Price ...... $245,276 Median List Price ...... $221,900 Western Sussex County
Avg. Med. Dagsboro Hundred (Jan-Dec 2013) Dagsboro/Millsboro Units Sales Sales Year Sold Price Price Total Units Sold Total Units Sold By Price Range in 2012 2013 ...... 128 +36% Under $100,000 ...... 17 2009 317 $174,609 $170,000 2012 ...... 94 $100,000-$200,000 ...... 53 $200,000-$300,000 ...... 43 2010 316 $162,319 $158,500 Average Sales Price $300,000-$400,000 ...... 9 2013 ...... $208,105 -2% $400,000-$500,000 ...... 1 2011 361 $156,781 $149,000 2012 ...... $212,396 $500,000-$600,000 ...... 1 $600,000-$700,000 ...... 1 2012 440 $137,399 $135,000 Median Sales Price $700,000-$800,000 ...... 1 2013 ...... $188,698 $800,000-$900,000 ...... 0 -1% $900,000-$1,000,000 ...... 2 2013 494 $158,839 $152,700 2012 ...... $190,500 Over $1,000,000 ...... 0
Current Active Inventory In Western Sussex, the units sold in- Units Active ... 152 Low ...... $65,000 High ...... $1,690,000 creased 12% from 2012 to 2013, and the Average List Price ...... $278,649 Median List Price ...... $234,400 average and median sales prices in- creased for the first time in four years. Western Sussex County (Jan-Dec 2013) West of Route 113
All statistics were compiled from the Sussex Total Units Sold Total Units Sold By Price Range in 2012 County Association of REALTORS Multiple List- 2013 ...... 494 +11% Under $100,000 ...... 128 2012 ...... 445 ing Service. $100,000-$200,000 ...... 241 $200,000-$300,000 ...... 90 Eastern Sussex County comprises properties Average Sales Price $300,000-$400,000 ...... 25 located in the following “Hundreds”: 2013 ...... $158,839 +16% $400,000-$500,000 ...... 7 2012 ...... $136,730 $500,000-$600,000 ...... 3 Baltimore, Broadkill, Cedar Creek, Dagsboro, $600,000-$700,000 ...... 0 Georgetown, Indian River, Lewes & Rehoboth Median Sales Price $700,000-$800,000 ...... 0 2013 ...... $152,700 $800,000-$900,000 ...... 0 Western Sussex County comprises properties +13% $900,000-$1,000,000 ...... 0 2012 ...... $135,000 Over $1,000,000 ...... 0 located in the following “Hundreds”: Broad Creek, Gumboro, Little Creek, Nanticoke, Current Active Inventory North West Fork, Seaford Units Active ... 442 Low ...... $29,900 High ...... $1,450,000 Average List Price ...... $195,982 Median List Price ...... $173,000 “HUNDREDS” AREA KEY Lewes and Rehoboth Hundred Baltimore Hundred Sussex County Broadkill Hundred Cedar Creek Hundred Map Indian River Hundred Georgetown Hundred Dagsboro Hundred Western Sussex County
16712 Kings Highway Lewes, DE 19958
37230 Rehoboth Avenue Ext. Rehoboth Beach, DE 19971
33292 Coastal Highway #1 Bethany Beach, DE 19930 TO: ______
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