View Market Statistics For Sussex County, Delaware

Welcome to the monthly issue of Real Estate Market Watch. As a prospective buyer 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 Sussex County, Delaware.

For Buyers, Real Estate Market Watch will be a valuable tool for making an offer on a property. Having up-to-date information on selling prices of comparable homes will allow you to make the smartest offer.

For Sellers, Real Estate Market Watch will afford you the knowledge to determine the listing price for your property, allowing you to obtain the best possible sale price in the shortest amount of time.

Lewes Office 16712 Kings Highway

Lewes, DE 19958

(302) 645-6661

Rehoboth Office 37230 Rehoboth Ave. Ext. Rehoboth Beach, DE 19971

(302) 227-6101

Bethany Office 33292 Coastal Highway #1 Bethany Beach, DE 19930

(302) 537-2616

Current Market Conditions For Sussex County, DE (as of 9/30/2017—based on sales of single-family homes) Total Single Family Homes on the Market as of 9/30/2017 ........... 2,165 1% from last month Total Single Family Homes Sold Current Year .............................. 2,542 Total Single Family Homes Sold Previous Year ............................ 2,174 % Change in Homes Sold ............................................................. 17% Average Price of Homes Sold Current Year ............................. $381,983 Average Price of Homes Sold Previous Year ........................... $354,223 % Change in Average Price ............................................................ 8% Median Price of Homes Sold Current Year .............................. $284,500 Median Price of Homes Sold Previous Year ............................ $269,000 % Change in Median Price ............................................................. 6% Average Days on Market of Homes Sold Current Year .................... 127 Average Days on Market of Homes Sold Previous Year .................. 143 % Change in Average Days on Market ........................................ 11% For more detailed statistics on specific areas of Sussex County, Delaware, look inside!

Search for any property on the market

GPS-based on your location

Formatted to work on any mobile phone

Text: BHHSDE301 To: 87778 GoToGallo.com

Try our free mobile app on your phone

Real Estate Market Watch

Our proprietary Berkshire Hathaway HomeServices system - Inside Access - provides you with a complete scouting report on any particular community right down to the zip code. Inside Ac-cess is powered by actual MLS data 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 currently on the market. Through Inside Access you can also gain current information about sur-rounding neighborhoods, schools, the economy, the environment, quality of life, drive times and much more. To gain Inside Access, register through the Real Estate Market Watch page on our website:

GoToGallo.com

Get

Inside Access Today!

Month Ending September 2017

Bethany, Ocean View, & Fenwick Area (Jan-Sep 2017)

Angola, Long Neck & Millsboro Area (Jan-Sep 2017)

Milton, Harbeson & Broadkill Area (Jan-Sep 2017)

Total Units Sold

2017 ................................. 520

2016 ................................. 454

Average Sales Price

2017 ........................ $665,703

2016 ........................ $580,469

Median Sales Price

2017 ........................ $475,000

2016 ........................ $450,750

Current Active Inventory

Units Active .. 409 Low ............................ $85,000 High............. $5,750,000

Average List Price ................ $795,858 Median List Price .................. $484,000

Lewes, Rehoboth & Dewey Area (Jan-Sep 2017)

Current Active Inventory

Units Active .. 572 Low ......................... $114,000 High............. $5,895,000

Average List Price ................ $646,815 Median List Price .................. $424,900

Current Active Inventory

Units Active .. 160 Low ............................ $79,900 High............. $2,999,999

Average List Price ................ $415,797 Median List Price .................. $334,945

Current Active Inventory

Units Active .. 356 Low ............................ $79,500 High............. $1,590,000

Average List Price ................ $365,419 Median List Price .................. $324,995

15%

15%

5%

Total Units Sold By Price Range in 2017

Under $100,000 ........................................ 1

$100,000-$200,000 ............................... 12

$200,000-$300,000 ............................... 64

$300,000-$400,000 ............................. 112

$400,000-$500,000 ............................... 88

$500,000-$600,000 ............................... 73

$600,000-$700,000 ............................... 29

$700,000-$800,000 ............................... 30

$800,000-$900,000 ............................... 15

$900,000-$1,000,000 ............................ 10

Over $1,000,000 .................................... 86

Total Units Sold

2017 ................................. 566

2016 ................................. 459

Average Sales Price

2017 ........................ $479,511

2016 ........................ $485,976

Median Sales Price

2017 ........................ $359,000

2016 ........................ $360,000

Total Units Sold By Price Range in 2017

Under $100,000 ..................................... 15

$100,000-$200,000 ............................... 40

$200,000-$300,000 ............................. 143

$300,000-$400,000 ............................. 138

$400,000-$500,000 ............................... 88

$500,000-$600,000 ............................... 32

$600,000-$700,000 ............................... 25

$700,000-$800,000 ............................... 19

$800,000-$900,000 ............................... 13

$900,000-$1,000,000 ............................ 11

Over $1,000,000 .................................... 42

Total Units Sold

2017 ................................. 356

2016 ................................. 287

Average Sales Price

2017 ........................ $338,601

2016 ........................ $289,782

Median Sales Price

2017 ........................ $283,500

2016 ....................... $257,000

Total Units Sold By Price Range in 2017

Under $100,000 .................................... 14

$100,000-$200,000 ............................... 73

$200,000-$300,000 ............................. 103

$300,000-$400,000 ............................... 71

$400,000-$500,000 ............................... 45

$500,000-$600,000 ............................... 22

$600,000-$700,000 .................................. 9

$700,000-$800,000 ............................... 11

$800,000-$900,000 .................................. 2

$900,000-$1,000,000 ............................... 1

Over $1,000,000 ....................................... 5

Total Units Sold

2017 ............................... 156

2016 ................................. 164

Average Sales Price

2017 ........................ $291,631

2016 ........................ $284,058

Median Sales Price

2017 ........................ $295,500

2016 ........................ $279,450

Total Units Sold By Price Range in 2017

Under $100,000 ........................................ 6

$100,000-$200,000 ............................... 23

$200,000-$300,000 ............................... 53

$300,000-$400,000 ............................... 53

$400,000-$500,000 ............................... 16

$500,000-$600,000 .................................. 2

$600,000-$700,000 .................................. 2

$700,000-$800,000 .................................. 1

$800,000-$900,000 .................................. 0

$900,000-$1,000,000 ............................... 0

Over $1,000,000 ....................................... 0

23%

1%

24%

17%

10%

5%

3%

6%

12-Month Analysis: New Vs. Pending Listings Lewes & Rehoboth Hundred

12-Month Analysis: New Vs. Pending Listings Baltimore Hundred

12-Month Analysis: New Vs. Pending Listings Indian River Hundred

12-Month Analysis: New Vs. Pending Listings Broadkill Hundred

Georgetown Area (Jan-Sep 2017)

Milford, Lincoln & Slaughter Beach Area (Jan-Sep 2017)

Dagsboro & Millsboro Area (Jan-Sep 2017)

Western Sussex County (Jan-Sep 2017)

Current Active Inventory

Units Active ...... 51 Low ............................ $64,900 High ................ $495,000

Average List Price ................ $253,886 Median List Price ................. $249,900

Current Active Inventory

Units Active ... 129 Low ............................ $55,000 High ............. $1,250,000

Average List Price ................ $291,466 Median List Price ................. $255,990

Current Active Inventory

Units Active ... 107 Low ............................ $83,200 High ............. $1,500,000

Average List Price ................ $298,134 Median List Price ................. $265,990

Current Active Inventory

Units Active ... 381 Low ............................ $39,900 High ................ $899,000

Average List Price ................ $228,513 Median List Price ................. $210,000

Total Units Sold

2017 ................................... 54

2016 ................................... 52

Average Sales Price

2017 ....................... $194,049

2016 ....................... $195,320

Median Sales Price

2017 ....................... $204,000

2016 ....................... $208,500

Total Units Sold By Price Range in 2017

Under $100,000 ........................................ 7

$100,000-$200,000 ................................ 19

$200,000-$300,000 ................................ 23

$300,000-$400,000 .................................. 5

$400,000-$500,000 .................................. 0

$500,000-$600,000 .................................. 0

$600,000-$700,000 .................................. 0

$700,000-$800,000 .................................. 0

$800,000-$900,000 .................................. 0

$900,000-$1,000,000 .............................. 0

Over $1,000,000 ....................................... 0

Total Units Sold

2017 ................................. 209

2016 ................................. 181

Average Sales Price

2017 ....................... $218,954

2016 ....................... $204,410

Median Sales Price

2017 ....................... $202,000

2016 ....................... $190,000

Total Units Sold By Price Range in 2017

Under $100,000 ...................................... 24

$100,000-$200,000 ................................ 80

$200,000-$300,000 ................................ 69

$300,000-$400,000 ................................ 21

$400,000-$500,000 .................................. 9

$500,000-$600,000 .................................. 5

$600,000-$700,000 .................................. 0

$700,000-$800,000 .................................. 1

$800,000-$900,000 .................................. 0

$900,000-$1,000,000 .............................. 0

Over $1,000,000 ....................................... 0

Total Units Sold

2017 ................................. 141

2016 ................................. 125

Average Sales Price

2017 ....................... $255,170

2016 ....................... $232,795

Median Sales Price

2017 ....................... $245,000

2016 ....................... $210,000

Total Units Sold By Price Range in 2017

Under $100,000 ...................................... 10

$100,000-$200,000 ................................ 32

$200,000-$300,000 ................................ 58

$300,000-$400,000 ................................ 31

$400,000-$500,000 .................................. 6

$500,000-$600,000 .................................. 0

$600,000-$700,000 .................................. 1

$700,000-$800,000 .................................. 2

$800,000-$900,000 .................................. 0

$900,000-$1,000,000 .............................. 0

Over $1,000,000 ....................................... 1

Total Units Sold

2017 ................................ 540

2016 ................................. 452

Average Sales Price

2017 ....................... $176,252

2016 ....................... $171,411

Median Sales Price

2017 ....................... $170,000

2016 ....................... $164,450

Total Units Sold By Price Range in 2017

Under $100,000 .................................... 118

$100,000-$200,000 .............................. 228

$200,000-$300,000 .............................. 147

$300,000-$400,000 ................................ 36

$400,000-$500,000 .................................. 9

$500,000-$600,000 .................................. 2

$600,000-$700,000 .................................. 0

$700,000-$800,000 .................................. 0

$800,000-$900,000 .................................. 0

$900,000-$1,000,000 .............................. 0

Over $1,000,000 ....................................... 0

4%

1%

2%

15%

7%

6%

13%

10%

17%

19%

3%

3%

12-Month Analysis: New Vs. Pending Listings Georgetown Hundred

12-Month Analysis: New Vs. Pending Listings Cedar Creek Hundred

12-Month Analysis: New Vs. Pending Listings Dagsboro Hundred

12-Month Analysis: New Vs. Pending Listings Western Sussex County

TO: _____________________ _____________________ _____________________

A New Way To Search For Property Online

Get access to all information on the real estate market, including prop-erties that have sold

Have the ability to save searches and save properties that are of special interest to you

Receive alerts on new listings, price changes and new images based on your search criteria

In summary, you will have access to much of the information that the real estate professionals use. We call this new program Inside Access.

Sign Up Today At:

www.GoToGallo.com/IA