Market Watch Monthly Newsletter

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- rounding neighborhoods, schools, the 13% from last month 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 ..............................

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