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 2/28/2018—based on sales of single-family homes) Total Single Family Homes on the Market as of 2/28/2018 ........... 1,877 6% from last month Total Single Family Homes Sold Current Year ................................. 379 Total Single Family Homes Sold Previous Year ............................... 423 % Change in Homes Sold ............................................................. 10% Average Price of Homes Sold Current Year ............................. $382,832 Average Price of Homes Sold Previous Year ........................... $368,271 % Change in Average Price ............................................................ 4% Median Price of Homes Sold Current Year .............................. $297,500 Median Price of Homes Sold Previous Year ............................ $264,000 % Change in Median Price ........................................................... 13% Average Days on Market of Homes Sold Current Year .................... 118 Average Days on Market of Homes Sold Previous Year .................. 147 % Change in Average Days on Market ........................................ 20% For more detailed statistics on specific areas of Sussex County, Delaware, look inside!

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Month Ending February 2018

Bethany, Ocean View, & Fenwick Area (Jan-Feb 2018)

Angola, Long Neck & Millsboro Area (Jan-Feb 2018)

Milton, Harbeson & Broadkill Area (Jan-Feb 2018)

Total Units Sold

2018 ................................... 62

2017 ................................... 66

Average Sales Price

2018 ........................ $686,656

2017 ........................ $720,791

Median Sales Price

2018 ........................ $532,500

2017 ........................ $487,500

Current Active Inventory

Units Active .. 348 Low ......................... $153,000 High............. $5,600,000

Average List Price ................ $766,010 Median List Price .................. $479,400

Lewes, Rehoboth & Dewey Area (Jan-Feb 2018)

Current Active Inventory

Units Active .. 520 Low ............................ $85,000 High............. $4,500,000

Average List Price ................ $621,780 Median List Price .................. $424,995

Current Active Inventory

Units Active .. 124 Low ............................ $80,000 High............. $2,999,999

Average List Price ................ $386,975 Median List Price .................. $324,945

Current Active Inventory

Units Active .. 299 Low ............................ $44,900 High............. $1,495,000

Average List Price ................ $386,014 Median List Price .................. $325,000

9%

Total Units Sold By Price Range in 2018

Under $100,000 ........................................ 0

$100,000-$200,000 .................................. 1

$200,000-$300,000 .................................. 7

$300,000-$400,000 ............................... 11

$400,000-$500,000 ............................... 11

$500,000-$600,000 .................................. 6

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

$700,000-$800,000 .................................. 5

$800,000-$900,000 .................................. 3

$900,000-$1,000,000 ............................... 2

Over $1,000,000 .................................... 15

Total Units Sold

2018 ................................... 95

2017 ................................. 108

Average Sales Price

2018 ........................ $509,637

2017 ........................ $480,651

Median Sales Price

2018 ........................ $415,500

2017 ........................ $340,245

Total Units Sold By Price Range in 2018

Under $100,000 ........................................ 4

$100,000-$200,000 .................................. 4

$200,000-$300,000 ............................... 15

$300,000-$400,000 ............................... 24

$400,000-$500,000 ............................... 13

$500,000-$600,000 ............................... 10

$600,000-$700,000 .................................. 7

$700,000-$800,000 .................................. 3

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

$900,000-$1,000,000 ............................... 4

Over $1,000,000 ....................................... 9

Total Units Sold

2018 ................................... 52

2017 ................................... 56

Average Sales Price

2018 ........................ $343,379

2017 ........................ $310,396

Median Sales Price

2018 ........................ $315,125

2017 ....................... $257,250

Total Units Sold By Price Range in 2018

Under $100,000 ....................................... 4

$100,000-$200,000 .................................. 6

$200,000-$300,000 ............................... 15

$300,000-$400,000 ............................... 11

$400,000-$500,000 .................................. 7

$500,000-$600,000 .................................. 6

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

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

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

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

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

Total Units Sold

2018 ................................. 17

2017 ................................... 19

Average Sales Price

2018 ........................ $290,030

2017 ........................ $277,032

Median Sales Price

2018 ........................ $305,000

2017 ........................ $267,000

Total Units Sold By Price Range in 2018

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

$100,000-$200,000 .................................. 2

$200,000-$300,000 .................................. 5

$300,000-$400,000 .................................. 7

$400,000-$500,000 .................................. 1

$500,000-$600,000 .................................. 1

$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

6%

22%

7%

11%

22%

1%

5%

14%

12-Month Analysis: New Vs. Pending Listings Lewes, Rehoboth & Dewey Area

12-Month Analysis: New Vs. Pending Listings Bethany, Ocean View & Fenwick Area

12-Month Analysis: New Vs. Pending Listings Angola, Long Neck & Millsboro Area

12-Month Analysis: New Vs. Pending Listings Milton, Harbeson & Broadkill Area

6%

5%

12%

Georgetown Area (Jan-Feb 2018)

Milford, Lincoln & Slaughter Beach Area (Jan-Feb 2018)

Dagsboro & Millsboro Area (Jan-Feb 2018)

Western Sussex County (Jan-Feb 2018)

Current Active Inventory

Units Active ...... 33 Low ............................ $40,000 High ................ $579,000

Average List Price ................ $248,636 Median List Price ................. $255,000

Current Active Inventory

Units Active ... 133 Low ............................ $69,500 High ............. $1,250,000

Average List Price ................ $281,361 Median List Price ................. $249,900

Current Active Inventory

Units Active ... 101 Low ............................ $51,900 High ............. $1,500,000

Average List Price ................ $306,540 Median List Price ................. $284,900

Current Active Inventory

Units Active ... 319 Low ............................ $49,000 High ................ $970,000

Average List Price ................ $230,726 Median List Price ................. $205,000

Total Units Sold

2018 ................................... 10

2017 ..................................... 8

Average Sales Price

2018 ....................... $207,130

2017 ....................... $178,538

Median Sales Price

2018 ....................... $209,750

2017 ....................... $198,450

Total Units Sold By Price Range in 2018

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

$100,000-$200,000 .................................. 2

$200,000-$300,000 .................................. 6

$300,000-$400,000 .................................. 1

$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

2018 ................................... 30

2017 ................................... 32

Average Sales Price

2018 ....................... $243,012

2017 ....................... $223,936

Median Sales Price

2018 ....................... $223,400

2017 ....................... $189,950

Total Units Sold By Price Range in 2018

Under $100,000 ........................................ 4

$100,000-$200,000 .................................. 7

$200,000-$300,000 ................................ 15

$300,000-$400,000 .................................. 3

$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 ....................................... 1

Total Units Sold

2018 ................................... 30

2017 ................................... 26

Average Sales Price

2018 ....................... $258,251

2017 ....................... $276,919

Median Sales Price

2018 ....................... $249,950

2017 ....................... $267,500

Total Units Sold By Price Range in 2018

Under $100,000 ........................................ 3

$100,000-$200,000 .................................. 6

$200,000-$300,000 .................................. 9

$300,000-$400,000 ................................ 10

$400,000-$500,000 .................................. 1

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

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

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

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

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

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

Total Units Sold

2018 .................................. 83

2017 ................................. 108

Average Sales Price

2018 ....................... $171,205

2017 ....................... $165,334

Median Sales Price

2018 ....................... $164,500

2017 ....................... $160,000

Total Units Sold By Price Range in 2018

Under $100,000 ...................................... 19

$100,000-$200,000 ................................ 39

$200,000-$300,000 ................................ 19

$300,000-$400,000 .................................. 2

$400,000-$500,000 .................................. 3

$500,000-$600,000 .................................. 1

$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

25%

16%

6%

6%

9%

18%

15%

7%

7%

23%

4%

3%

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

12-Month Analysis: New Vs. Pending Listings Milford, Lincoln & Slaughter Beach Area

12-Month Analysis: New Vs. Pending Listings Dagsboro & Millsboro Area

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

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