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Real Estate Market Watch
Month Ending December 2015
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.
Current Market Conditions For Sussex County, DE
(as of 12/31/2015)
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Total Single Family Homes on the Market as of 12/31/2015 ......... 2,354
5% from last month
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Total Single Family Homes Sold Current Year .............................. 2,911
Total Single Family Homes Sold Previous Year ............................ 2,732
% Change in Homes Sold ............................................................... 7%
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Average Price of Homes Sold Current Year............................. $359,732
Average Price of Homes Sold Previous Year ........................... $365,313
% Change in Average Price ............................................................ 2%
Median Price of Homes Sold Current Year .............................. $275,000
Median Price of Homes Sold Previous Year ............................ $275,000
% Change in Median Price ............................................................. 0%
For more detailed statistics on specific areas of Sussex County,
Delaware, look inside!
Lewes Office
Rehoboth Office
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Bethany Office
16712 Kings Highway
Lewes, DE 19958
37230 Rehoboth Ave. Ext.
Rehoboth Beach, DE 19971
33292 Coastal Highway #1
Bethany Beach, DE 19930
(302) 645-6661
(302) 227-6101
(302) 537-2616
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Lewes & Rehoboth Hundred (Jan-Dec 2015) Lewes/Rehoboth/Dewey
Total Units Sold
2015 ................................. 693
2014 ................................. 670
Total Units Sold By Price Range in 2015
+3%
Average Sales Price
2015 ....................... $575,143
2014 ....................... $554,075
+4%
Median Sales Price
2015 ....................... $472,750
2014 ....................... $440,000
+7%
Under $100,000 ........................................ 3
$100,000-$200,000 ................................22
$200,000-$300,000 ................................85
$300,000-$400,000 ............................. 157
$400,000-$500,000 ............................. 103
$500,000-$600,000 ................................96
$600,000-$700,000 ................................77
$700,000-$800,000 ................................34
$800,000-$900,000 ................................33
$900,000-$1,000,000 .............................12
Over $1,000,000 .....................................71
Current Active Inventory
Units Active ... 406
Low .............................$99,000
High .............$5,995,000
Average List Price ................ $797,997
Median List Price.................. $504,950
Baltimore Hundred (Jan-Dec 2015)
Total Units Sold
2015 ................................. 610
2014 ................................. 568
+7%
Average Sales Price
2015 ....................... $472,951
2014 ....................... $516,080
-8%
Median Sales Price
2015 ....................... $352,225
2014 ....................... $363,500
-3%
Bethany/Fenwick Area
Under $100,000 ......................................12
$100,000-$200,000 ................................76
$200,000-$300,000 ............................. 139
$300,000-$400,000 ............................. 130
$400,000-$500,000 ................................83
$500,000-$600,000 ................................44
$600,000-$700,000 ................................38
$700,000-$800,000 ................................27
$800,000-$900,000 ................................14
$900,000-$1,000,000 .............................17
Over $1,000,000 .....................................30
Indian River Hundred (Jan-Dec 2015)
Total Units Sold
2015 ................................. 375
2014 ................................. 362
+4%
Average Sales Price
2015 ....................... $295,584
2014 ....................... $300,450
-2%
Median Sales Price
2015 ....................... $255,000
2014 ...................... $265,000
-4%
Angola/Long Neck/Millsboro
Total Units Sold By Price Range in 2015
Under $100,000 ......................................25
$100,000-$200,000 ................................91
$200,000-$300,000 ............................. 118
$300,000-$400,000 ................................60
$400,000-$500,000 ................................32
$500,000-$600,000 ................................26
$600,000-$700,000 ................................13
$700,000-$800,000 ..................................4
$800,000-$900,000 ..................................5
$900,000-$1,000,000 ............................... 1
Over $1,000,000 .......................................0
Current Active Inventory
Units Active ... 364
Low .............................$29,000
High .............$3,175,000
Average List Price ................ $363,648
Median List Price.................. $298,950
Broadkill Hundred (Jan-Dec 2015)
Milton/Harbeson/Broadkill Beach
Total Units Sold By Price Range in 2015
+3%
Average Sales Price
2015 ....................... $286,551
2014 ....................... $288,117
Median Sales Price
2015 ....................... $298,465
2014 ....................... $286,000
All statistics are based on Single Family
Homes listed and sold for the per iod
January through December, comparing 2015
against the previous year of 2014.
Statistics were compiled from the Sussex
County Association of REALTORS®
Multiple Listing Service.
Explanation of Statistics
Units Sold
The number of single family homes that sold
and settled during the time frame specified.
Total Units Sold By Price Range in 2015
Current Active Inventory
Units Active ... 608
Low .............................$84,900
High .............$5,500,000
Average List Price ................ $590,207
Median List Price.................. $404,814
Total Units Sold
2015 ............................... 208
2014 ................................. 202
Statistics For Homes Sold
Sussex County, Delaware
+4%
Under $100,000 ........................................ 9
$100,000-$200,000 ................................37
$200,000-$300,000 ................................61
$300,000-$400,000 ................................80
$400,000-$500,000 ................................15
$500,000-$600,000 ..................................4
$600,000-$700,000 ..................................1
$700,000-$800,000 ..................................1
$800,000-$900,000 ..................................0
$900,000-$1,000,000 ............................... 0
Over $1,000,000 .......................................0
Current Active Inventory
Units Active ... 177
Low .............................$75,000
High ................ $995,000
Average List Price ................ $327,226
Median List Price.................. $289,900
Average Sales Price
The average selling price of all single family
homes that sold and settled during the time
frame specified.
Median Sales Price
The median sales price is the point where
half of the sold homes were below this point,
and half of the sold homes were above this
point.
Current Active Inventory
The number of homes listed on the market
for sale as of a specific date.
For more information on these statistics, or
other statistics in a specific area or market,
please contact one of our Sales Professionals
today.
Summary Of Sales
Total sales in Sussex County, Delaware
through December 31, 2015:
Property Type
Single Family Homes
Condos/Townhomes
Mobile Homes
Lots/Land
Commercial Properties
# Of Closed Sales
2,911
993
448
649
73
5-Year Analysis
Georgetown Hundred (Jan-Dec 2015)
Single-Family Homes Sold in
Sussex County 2011—2015
Eastern Sussex County
Avg.
Sales
Price
Med.
Sales
Price
Year
Units
Sold
2011
1,334
$405,418 $284,950
2012
1,789
$375,384 $280,000
2013
2,088
$391,011 $310,000
2014
2,192
$413,824 $320,000
2015
2,911
$404,519 $315,000
In Eastern Sussex, there has been a
steady rise in the number of units sold
during the last 5 years, most recently an
8% increase from 2014 to 2015. The
average and median sale prices decreased slightly from 2014 to 2015.
Western Sussex County
Avg.
Sales
Price
Med.
Sales
Price
Year
Units
Sold
2011
361
$156,781 $149,000
2012
440
$137,399 $135,000
2013
494
$158,839 $152,700
2014
504
$159,778 $155,000
2015
542
$163,974 $159,950
In Western Sussex, the units sold
increased 8% from 2014 to 2015, and
the average and median sales prices
have increased the last three years.
All statistics were compiled from the Sussex
County Association of REALTORS Multiple Listing Service.
Eastern Sussex County comprises properties
located in the following “Hundreds”:
Baltimore, Broadkill, Cedar Creek, Dagsboro,
Georgetown, Indian River, Lewes & Rehoboth
Western Sussex County comprises properties
located in the following “Hundreds”:
Broad Creek, Gumboro, Little Creek, Nanticoke,
North West Fork, Seaford
Total Units Sold
2015 ................................... 79
2014 ................................... 80
-1%
Average Sales Price
2015 ....................... $185,936
2014 ....................... $156,909
+18%
Median Sales Price
2015 ....................... $189,000
2014 ....................... $151,500
+25%
Georgetown Area
Total Units Sold By Price Range in 2015
Under $100,000...................................... 12
$100,000-$200,000 ............................... 33
$200,000-$300,000 ............................... 30
$300,000-$400,000 ..................................3
$400,000-$500,000 ..................................0
$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
Current Active Inventory
Units Active ......54
Low .............................$89,900
High ................ $565,000
Average List Price ................ $247,346
Median List Price .................. $229,825
Cedar Creek Hundred (Jan-Dec 2015) Milford/Lincoln/Slaughter Beach
Total Units Sold
2015 ................................. 225
2014 ................................. 210
+7%
Total Units Sold By Price Range in 2015
Average Sales Price
2015 ....................... $197,786
2014 ....................... $186,660
+6%
Median Sales Price
2015 ....................... $195,000
2014 ....................... $181,700
+7%
Under $100,000...................................... 29
$100,000-$200,000 ............................... 88
$200,000-$300,000 ............................... 92
$300,000-$400,000 ............................... 10
$400,000-$500,000 ..................................4
$500,000-$600,000 ..................................1
$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
Current Active Inventory
Units Active ... 158
Low .............................$39,900
High ............ $1,390,000
Average List Price ................ $289,936
Median List Price .................. $249,000
Dagsboro Hundred (Jan-Dec 2015)
Total Units Sold
2015 ................................. 179
2014 ................................. 131
+37%
Average Sales Price
2015 ....................... $232,731
2014 ....................... $257,110
-9%
Median Sales Price
2015 ....................... $220,000
2014 ....................... $235,000
-6%
Dagsboro/Millsboro
Total Units Sold By Price Range in 2015
Under $100,000...................................... 25
$100,000-$200,000 ............................... 50
$200,000-$300,000 ............................... 65
$300,000-$400,000 ............................... 30
$400,000-$500,000 ..................................2
$500,000-$600,000 ..................................1
$600,000-$700,000 ..................................3
$700,000-$800,000 ..................................1
$800,000-$900,000 ..................................1
$900,000-$1,000,000 ...............................1
Over $1,000,000........................................0
Current Active Inventory
Units Active ... 167
Low .............................$74,900
High ................ $899,000
Average List Price ................ $292,676
Median List Price .................. $264,990
Western Sussex County (Jan-Dec 2015)
Total Units Sold
2015 ................................. 541
2014 ................................. 509
+6%
Average Sales Price
2015 ....................... $163,974
2014 ....................... $159,679
+3%
Median Sales Price
2015 ....................... $159,950
2014 ....................... $155,000
+3%
West of Route 113
Total Units Sold By Price Range in 2015
Under $100,000.................................... 131
$100,000-$200,000 ............................. 259
$200,000-$300,000 ............................. 117
$300,000-$400,000 ............................... 24
$400,000-$500,000 ..................................7
$500,000-$600,000 ..................................4
$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
Current Active Inventory
Units Active ... 420
Low .............................$24,900
High ................ $800,000
Average List Price ................ $215,307
Median List Price .................. $190,450
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