Real Estate Market Watch Month Ending April 2016 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 HomeServices system - Inside Access - a 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 For Sellers, Real Estate Market Watch will afford you the knowledge to determine right down to the zip code. Inside Ac- the listing price for your property, allowing you to obtain the best possible sale price cess is powered by actual MLS data in the shortest amount of time. from throughout the U.S. - the cleanest, 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 4/30/2016) Through Inside Access you can also gain current information about sur- Total Single Family Homes on the Market as of 4/30/2016 ........... 2,459 rounding neighborhoods, schools, the 3% from last month economy, the environment, quality of life, drive times and much more. Total Single Family Homes Sold Current Year ................................. 784 To gain Inside Access, register through Total Single Family Homes Sold Previous Year ............................... 832 the Real Estate Market Watch page on % Change in Homes Sold ............................................................... 6% our website: Average Price of Homes Sold Current Year ............................. $350,703 GoToGallo.com Average Price of Homes Sold Previous Year ........................... $377,274 % Change in Average Price ............................................................ 7% Median Price of Homes Sold Current Year .............................. $270,000 Median Price of Homes Sold Previous Year ............................ $277,750 % Change in Median Price ............................................................. 3% 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-Apr 2016) Lewes/Rehoboth/Dewey 12-month Analysis: New Vs. Pending Listings Lewes & Rehoboth Hundred Total Units Sold Total Units Sold By Price Range in 2016 2016 ................................. 154 -25% Under $100,000 ........................................ 1 2015 ................................. 204 $100,000-$200,000 .................................. 6 $200,000-$300,000 ............................... 17 Average Sales Price $300,000-$400,000 ............................... 37 2016 ........................ $570,215 -6% $400,000-$500,000 ............................... 26 2015 ........................ $608,060 $500,000-$600,000 ............................... 22 $600,000-$700,000 .................................. 6 Median Sales Price $700,000-$800,000 ............................... 10 $800,000-$900,000 ............................... 11 2016 ........................ $464,000 -4% $900,000-$1,000,000 ............................... 5 2015 ........................ $484,806 Over $1,000,000 .................................... 13 Current Active Inventory Units Active .. 449 Low ............................ $47,500 High............. $5,995,000 Average List Price ................ $847,072 Median List Price .................. $540,000 Baltimore Hundred (Jan-Apr 2016) Bethany/Fenwick Area 12-month Analysis: New Vs. Pending Listings Baltimore Hundred Total Units Sold Total Units Sold By Price Range in 2016 2016 ................................. 174 -8% Under $100,000 ........................................ 5 2015 ................................. 189 $100,000-$200,000 ............................... 15 $200,000-$300,000 ............................... 34 Average Sales Price $300,000-$400,000 ............................... 46 2016 ........................ $489,455 -4% $400,000-$500,000 ............................... 16 2015 ........................ $511,329 $500,000-$600,000 ............................... 12 $600,000-$700,000 .................................. 8 Median Sales Price $700,000-$800,000 ............................... 15 $800,000-$900,000 .................................. 6 2016 ........................ $362,500 $900,000-$1,000,000 ............................... 6 2015 ........................ $361,000 Over $1,000,000 .................................... 11 Current Active Inventory Units Active .. 677 Low ............................ $69,900 High............. $5,995,000 Average List Price ................ $629,622 Median List Price .................. $424,900 Indian River Hundred (Jan-Apr 2016) Angola/Long Neck/Millsboro 12-month Analysis: New Vs. Pending Listings Indian River Hundred Total Units Sold Total Units Sold By Price Range in 2016 2016 ................................. 105 +10% Under $100,000 ........................................ 6 2015 ................................... 95 $100,000-$200,000 ............................... 30 $200,000-$300,000 ............................... 35 Average Sales Price $300,000-$400,000 ............................... 18 2016 ........................ $281,173 -4% $400,000-$500,000 .................................. 7 2015 ........................ $293,762 $500,000-$600,000 .................................. 2 $600,000-$700,000 .................................. 3 Median Sales Price $700,000-$800,000 .................................. 2 $800,000-$900,000 .................................. 1 2016 ........................ $251,634 +1% $900,000-$1,000,000 ............................... 0 2015 ....................... $249,900 Over $1,000,000 ....................................... 1 Current Active Inventory Units Active .. 374 Low ............................ $29,000 High............. $2,675,000 Average List Price ................ $363,261 Median List Price .................. $299,900 Broadkill Hundred (Jan-Apr 2016) Milton/Harbeson/Broadkill Beach 12-month Analysis: New Vs. Pending Listings Broadkill Hundred Total Units Sold Total Units Sold By Price Range in 2016 2016 ................................. 62 -1% Under $100,000 ........................................ 2 2015 ................................... 61 $100,000-$200,000 .................................. 7 $200,000-$300,000 ............................... 24 Average Sales Price $300,000-$400,000 ............................... 21 2016 ........................ $296,962 +4% $400,000-$500,000 .................................. 7 2015 ........................ $285,471 $500,000-$600,000 .................................. 0 $600,000-$700,000 .................................. 0 Median Sales Price $700,000-$800,000 .................................. 0 $800,000-$900,000 .................................. 1 2016 ........................ $297,205 +6% $900,000-$1,000,000 ............................... 0 2015 ........................ $280,000 Over $1,000,000 ....................................... 0 Current Active Inventory Units Active .. 175 Low ............................ $75,000 High................. $940,000 Average List Price ................ $330,982 Median List Price .................. $299,000 Georgetown Hundred (Jan-Apr 2016) Georgetown Area 12-month Analysis: New Vs. Pending Listings Georgetown Hundred Total Units Sold Total Units Sold By Price Range in 2015 2016 ................................... 21 Under $100,000 ........................................ 2 2015 ................................... 21 $100,000-$200,000 .................................. 7 $200,000-$300,000 ................................ 11 Average Sales Price $300,000-$400,000 .................................. 1 2016 ....................... $198,634 +12% $400,000-$500,000 .................................. 0 2015 ....................... $177,918 $500,000-$600,000 .................................. 0 $600,000-$700,000 .................................. 0 Median Sales Price $700,000-$800,000 .................................. 0 $800,000-$900,000 .................................. 0 2016 ....................... $213,500 +15% $900,000-$1,000,000 .............................. 0 2015 ....................... $185,000 Over $1,000,000 ....................................... 0 Current Active Inventory Units Active ...... 59 Low ............................ $35,000 High ................ $524,900 Average List Price ................ $243,299 Median List Price ................. $234,900 Cedar Creek Hundred (Jan-Apr 2016) Milford/Lincoln/Slaughter Beach 12-month Analysis: New Vs. Pending Listings Cedar Creek Hundred Total Units Sold Total Units Sold By Price Range in 2015 2016 ................................... 60 +3% Under $100,000 ........................................ 7 2015 ..................................