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First Quarter Stats for 2017

First Quarter Stats for 2017

FOR IMMEDIATE RELEASE

Local real estate market enjoys continued gains over same period a year ago

Data released recently by the Sussex County Association of Realtors (SCAOR) reveals a steadily strengthening local real estate market, with nearly all sectors showing modest gains over the same period in 2016, and the highest residential sales volume in a first quarter within the last 10 years.

1,020 residential homes were sold thus far in Sussex County for a total of more than $338 million. This represents a 22% increase in the number of homes sold and a 10% increase in average sales price over the same period a year ago.

“There’s no questioning the fact that the first quarter of this year has been especially strong, with many more buyers entering the market,” says Brigit Taylor, SCAOR’s 2017 president. “With the highest first quarter residential sales volume in over a decade, we feel this market is only going to continue strengthening moving forward. As industry professionals, we’re definitely excited at what we’re seeing in Sussex County.”

Home sales for the months of January, February and March were especially strong in 2017. The average sale price of a residential home in Sussex County rose significantly compared to the first quarter of 2016. The average residential home price sold for $331,863 in the first quarter, compared to $300,638 last year.

As of March 31, there was also a 35% increase in total volume over the first quarter of 2016 – Sussex County’s highest level in 10 years.  This means that homes for sale are returning to pre-recession levels.

“We always try to stay cautiously optimistic when it comes to the future, but the data continues to be strong and we look forward to a strong 2017 and beyond,” says Brigit.

Commercially speaking, the first quarter of 2017 saw an increase in units sold over the previous year, but a decline in average sales price. Additionally, more than $4 million has been generated in commercial sales, and more than $30 million in sales of land.

To view an extensive database of homes that are currently for sale in Sussex County, visit SCAOR’s Website at www.scaor.com.

The Sussex County Association of Realtors was chartered in 1949 and has steadily grown in size, scope, and mission during its more than 6 decades in Sussex County. It is a professional trade association with goals of carrying out a program of ethics, education, and advocacy for real estate in the county.

SCAOR is a resource for the public, as well as a recognized advocate for property rights and property owners in Sussex County. The association also monitors legislative issues on the local, state, and national levels that may impact home ownership in the area.

To read more about issues related to Sussex County’s real estate industry, visit SCAOR’s website at www.SCAOR.com.

tech Tip Tuesday - RPR® and ZipForm Integration

Tech Tip Tuesday – #058 – RPR® and ZipForm Integration

 

Welcome back to Tech Tip Tuesday!

This is your ultra-fast, easy dose of the latest tech that can help your life as a REALTOR®.  Whether it’s using the MLS, Mobile Apps, or surfing around, we’ll give you the tools you need each Tuesday.

Tech Tip Tuesday – #058 – RPR® and ZipForm Integration

Today’s Tip:

Today we learn about the powerful integration between ZipForm and RPR.

At a Glance - April 17, 2017

At a Glance – April 17, 2017

 


“At A Glance” – For April 17, 2017

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Sussex County Association of REALTORS® · 23407 Park Avenue · Georgetown, DE 19947 · USA

 

Why Use a Climate Controlled Facility? - Delaware Beach Storage

Why Use a Climate Controlled Facility?

Temperature control can help to prevent damage when items are stored in a storage facility,  especially for those items particularly sensitive to temperature and humidity fluctuations. Items that are especially susceptible to temperature and humidity extremes include:

  • Wood, leather and upholstered furniture (sofas, chairs, nightstands, dressers, entertainment centers, dining room sets, etc)
  • Antiques
  • Photos, albums, books, collections (stamps, coins, collectibles and sentimental items)
  • Bedding and mattresses
  • Clothing
  • Electronics
  • Metal appliances
  • Personal and business documents
  • Sports equipment
  • Artwork
  • Musical instruments

Damage to these items, when not stored in a climate controlled environment, may include warping, cracking, rotting, mold and mildew, rusting and fabric/leather degradation, which may cause permanent damage to your valuables.

Advantages of Climate Control

Non-climate controlled storage follows the current outdoor temperature and humidity closely and fluctuate accordingly. The interior of these type of units can have temperatures that far exceed the outdoor temperature due to exposure to sun and extreme weather.  While basic self storage is sufficient for some things, it’s not the right choice for most household items.

Climate Controlled storage significantly reduces the risks of damage to your goods by using heating and cooling units to keep the temperature more consistent at a level well above freezing and below 80 degrees.

Benefits of climate controlled storage include:

  • Protection from extreme temperature fluctuations and the (sometimes permanent) damage that causes
  • Protection from outdoor humidity- if there is too much moisture in the air valuables may be damaged and will remain damp, which will promote mold and mildew growth.
  • Protection from dust and poor air quality: standard storage units aren’t typically sealed the same way a climate controlled units are. Because the air in a climate controlled storage facility is constantly circulated, it remains clean.

Climate controlled storage usually has a slightly higher cost than traditional storage. The added cost is often insignificant  and usually outweighed by the peace of mind you’re given knowing your items are protected from seasonal changes, and the cost of having to replace all of your goods if they are damaged in non-climate controlled storage.

Rehoboth resident Timarie and her husband Blair Thompson are the owners of Delaware Beach Storage Center in Lewes, DE.  Delaware Beach Storage Center is a brand new, state of the art climate controlled self-storage facility conveniently located just off Route 1, one mile north of Five Points. For more information on Delaware Beach Storage Center visit visit www.debeachstorage.com.

Tech Tip Tuesday - Preventing Email Phishing Scams

Tech Tip Tuesday – #057 – Preventing Email Phishing Scams

 

Welcome back to Tech Tip Tuesday!

This is your ultra-fast, easy dose of the latest tech that can help your life as a REALTOR®.  Whether it’s using the MLS, Mobile Apps, or surfing around, we’ll give you the tools you need each Tuesday.

Tech Tip Tuesday – #057 – Preventing Email Phishing Scams

Today’s Tip:

When it comes to your personal info & emails, it’s best to play it safe.  We step through a few example phishing scam emails so you know what red flags to look for.  Our thanks to this post for some of the information.

At a Glance for April 10, 2017

At a Glance for April 10, 2017

“At A Glance” – For April 10, 2017
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Come out to our Rental Summit on April 12, 2017, featuring Speaker Michael Morton & Free Lunch Provided.  
 


Access to DAR Forms will be removed from the SCAOR® MLS in downloadable PDF form on April 15, 2017.

DAR forms will be then be exclusively available via zipForm and Dotloop only for DAR members. Don’t wait to make the switch! 

To begin using DAR forms via either zipForm or Dotloop, use the instructions at http://www.delawarerealtor.com/member-benefits/online-forms/.


      

   
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SCAOR® would like our Diamond & Platinum Affiliate Members for Sponsoring AAG:






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Sussex County Association of REALTORS® · 23407 Park Avenue · Georgetown, DE 19947 · USA

Sussex County Association of Realtors

Phone: 302-855-2300 | Fax: 302-855-2319

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