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First Quarter Stats for 2018

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 holding steady compared to the same period in 2017, and the highest residential sales volume in a first quarter within the last 11 years.

1,002 residential homes were sold thus far in Sussex County for a total of more than $365 million. This represents a 5% decrease in the number of homes sold and a 9% increase in average sales price over the same period a year ago.

“It’s incredible to see the sales growth we’ve experienced continue to hold steady,” says Chris Lind, SCAOR’s 2018 president.

Home sales for the months of January, February and March were especially strong in 2018. The average sale price of a residential home in Sussex County rose slightly compared to the first quarter of 2017. The average residential home price sold for $364,275 in the first quarter, compared to $333,961 last year.

As of March 31, there was slight increase in total volume verses the first quarter of 2017.   This means that home sale prices are holding steady at pre-recession levels.

“With such a strong start, it’s easy to get excited about the rest of the year.  We’re optimistic about the future of real estate in Sussex County,” says Chris.

Commercially speaking, the first quarter of 2018 saw an increase in units sold over the previous year, but a decline in average sales price. Additionally, more than $14 million has been generated in commercial sales, and more than $24 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.

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The SCAOR Card – Issue #017 – Education

License Renewal is quickly approaching!  Don’t forget to visit our website www.scaor.com and click on the “EDUCATION” tab!  We have some great classes coming up to get your final CEs complete.  
 
Stay tuned as we have 2 National Instructors on the horizon…Melody McClain on May 10th and Paula Monthofer on June 14th! 
 
We welcome all feedback about our course offerings and any ideas that you may like to see.

 

Kindest Regards,
 
Patricia L. Anderson

Director of Professional Development/ProStandards Administrator

SCAOR
23407 Park Avenue
Georgetown, DE 19947

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The SCAOR Card – Issue #017 – Membership

Welcome to the SCAOR 1st Quarter REALTOR® membership report!  Here’s what’s happened from January – March 2018:

screen-shot-2018-04-06-at-2-24-26-pm

Primary
58
   
 
Secondary
8
   
 
Clerical
15
   
 
MLS Only
34
   
 
Office
15
   
 
Affiliates
9
   
 
Transfers
66

 

Here are our membership counts for March alone:

3/1/18   Giovanny Mesa
3/1/18   Vincent Walsh
3/1/18   Marcia Dukes
3/6/18   Barry Ziegler Jr
3/7/18   Pamela J Foster
3/7/18   Steven Shuart
3/7/18   Rodney Biamby
3/7/18   Carolyn Page
3/8/18   John Wallden
3/8/18   Francine Balinskas
3/8/18   Jennifer Demarest
3/8/18   Tatiana V Koushnir
3/13/18   Michael McDowell
3/13/18   Michael Terranova
3/14/18   Christian Heneghan
3/14/18   Richard Norcross Jr
3/15/18   Avery Withers
3/20/18   Elizabeth Kilroy
3/20/18   Katherine A Williams
3/28/18   Andrew McBride
3/29/18   Nicole West

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The SCAOR Card – Issue #017 – From the CEO’s Desk

April is here! This means that the end-of-licensing is around the corner. Please make sure you have the required CEs, per the State of Delaware, to renew your license. Also make sure you have completed or are planning to complete the Code of Ethics (COE) before the of of the calendar year. The fifth NAR cycle for members to complete the COE commenced on January 1, 2017 and ends on December 31, 2018. This is critical for the Association to comply with NAR Core Standards.

Other Association news includes the following:
  • The next BOD meeting is May 24 at 9 am (after NAR Legislative meetings from May 14-19 in DC).  Legislative Action Day is Wednesday, May 16.  DAR coordinates Capital Hill visits for DE REALTORS.
  • SCAOR has 38 Affiliates that have enrolled in the Affiliate program.  Please make sure to read their monthly emails and network at Affiliate events.  The next event is in May at the Crooked Hammock.
  • The Public Policy Committee and YPN Committee are planning a RPAC fundraiser in November.  SCAOR will commence event promotion around Labor Day weekend.
  • The YPN Committee scheduled an Expert Panel for April 17 from 3-5 pm at SCAOR.  The event is free.  Please see the enclosed flyer for more details.
  • Education classes are scheduled through April 30 at scaor.com’s Education page.
  • Bright MLS conversion day is June 4, preview is around May 7.
  • May 10 is the next Finance Committee meeting
  • The Organizational Planning Committee will meet June 13 and 14 to draft a new Strategic Plan for 2019-2021.
  • The Peninsula Commercial Alliance (PCA) is now a SCAOR standing committee called the Commercial Committee (PCA was dissolved in 2017)
  • Bright MLS and SCAOR agreed to invoice renewing MLS members for April, May and June.  Billing will open April 18.  MLS service fees ($20 per month for members and $30 for MLS Only) will remain the same for April and May.  SCAOR members will pay $35 for Bright MLS for June. 
  • The MLS Committee recommended to the BOD to increase the lockbox allocation from no more than 10% above active listing amount to no more than 20% above active listing amount.  They also recommended that the Audit be moved to October instead of May/June.  Current annual fees are $125 for SCAOR members and $150 for non-members.  
  • Lastly, NAR is proposing a $30 dues increase.  Please log onto NAR and seach for S.M.A.R.T. Initiatives to learn more about the dues increase and FY 2019 NAR Budget.
Overall, the Association is healthy with adequate reserves for short-term operational expenses and long-term capital improvement expenses.  As always, continue to represent the Association well in the community and adhere to the Code of Ethics when conducting business.
Sincerely,
 
Merritt Burke IV
CEO

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The SCAOR Card – Issue #017

 

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The SCAOR Card - Issue #017

 


REALTOR® Political Action Committee

 


Sussex Strong Foundation

 


Women's Council of REALTORS®

 

“Ethics, Education and Advocacy.”
 
Association Dues & Fees:
  • Membership Dues: Billed October 1, due October 31 annually
  • Lockbox Fees: Billed June 1, due June 30 annually.

From the CEO's Desk

 

 

From the CEO’s Desk –

Merritt shares updates on the Bright MLS transition, billing updates, and the coming months.

[ READ MORE ]


Membership for November

 


Membership – This Month’s Stats

SCAOR is made up of some of the finest people in Sussex County. Here’s who’s joined in March! –

[ VIEW THE LIST ]

 

Sign up today for future text updates

 

Education:

As the licensing cycle draws to a close, we have some fantastic classes ramping up!

[ READ MORE ]

 
 

 

2018 First Quarter Stats:

The First Quarter Stats for SCAOR have been released. Click to read more.

[ READ MORE ]

 
 

 

 

Get Mobile RPAC Updates:

 

 

 

 

SCAOR Card – Issue #016 – Foundation Update

The Community Service Foundation has raised and distributed hundreds of thousands of dollars through various fundraising and charitable efforts over the years. As a result, we have helped thousands of families throughout Sussex County by providing them with access to critical services.

This year’s Gala is scheduled for October 25th, 2018. Please mark your calendar, as this year’s event is certain to be the best yet as the foundation celebrates its 10th year as a 501(c)3.

To learn more about our Foundation please visit http://www.sussexstrong.org/

Thank you!
Kristina Lingo
2018 President of SCAOR Community Service Foundation

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SCAORCard – Issue #016 – Rental Affairs

img_2465-cr2 img_2490-cr2 img_2491-cr2 img_2466-cr2 img_2481-cr2 img_2477-cr2 img_2470-cr2 img_2475-cr2
 
From the Rental Affairs Committee:
 
 On Wednesday, February 28th, with the financial support of Clean DE, Grand Rental Station, and Wells Fargo, SCAOR Rental Affairs Committee hosted the 1st annual Hospitality Summit.  This event was fully funded by these three amazing companies and allowed us to offer a free Expo in the morning followed by a free Mod 5, 6, or 7 “Being a Prepared Tenant” instructed by Michael Morton!
 
The vendors that helped make this such a success were: Hot Steam Carpet Cleaning, represented by owner Mike Dunmeyer; Cape Water Taxi, represented by owner David Green; Rehoboth/Dewey Chamber of Commerce, represented by Meghan McCalley; Clean DE represented by Pamela Rutherford and Dawn; Grand Rental Station, represented by Troy Virden, Don Mitchell, and M. Bradley; Bethany/Fenwick Chamber of Commerce, represented by Susie Miller; Mulligan’s Pointe (formerly Sussex Pines CC), represented by Dawn Slacum; East of Maui and Sup Yoga, represented by Stacey Chandler, Lewes Chamber of Commerce, represented by Anita; Mobile Cloud Game Party, represented by owner Troy Boxton; Anderson Carpet One, represented by Ashley Wilson, Milford/Georgetown Garden Center/Flower Market, represented by owner Diane Steif; and Errand Girl, represented by owner Lee Temby
 
Calypso Caterers did a phenomenal job with our continental breakfast, that included bagels donated by Surf Bagel, of Lewes, and our lunch!
 
We would like to thank all of those that came out and supported the SCAOR Rental Affairs Committee, chaired by Harold Marmon. To see over 125 people here at SCAOR to help make this day a success we are truly appreciative.
 
 
Kindest Regards,
Patricia L. Anderson
Director of Professional Development/ProStandards Administrator
SCAOR
23407 Park Avenue
Georgetown, DE 19947
302-855-2300

SCAORCard – Issue #016 – Professional Development

License Renewal is quickly approaching!  Don’t forget to visit our website www.scaor.com and click on the “EDUCATION” tab!  We have some great classes coming up to get your final CEs complete.  Check out March 28th from 1-4 Mods 6 or 7 Manufacturing, Mobile, and Module Homes.  If you missed the opportunity to take this last fall, now is the time to get in!
 
Stay tuned as we have 2 National Instructors on the horizon…Melody McClain on May 10th and Paula Monthofer on June 14th! 
 
We welcome all feedback about our course offerings and any ideas that you may like to see.
 
Kindest Regards,
 
Patricia L. Anderson
Director of Professional Development/ProStandards Administrator

SCAOR
23407 Park Avenue
Georgetown, DE 19947
302-855-2300

The SCAOR Card – Issue #016 – Education

License Renewal is quickly approaching!  Don’t forget to visit our website www.scaor.com and click on the “EDUCATION” tab!  We have some great classes coming up to get your final CEs complete.  Check out March 28th from 1-4 Mods 6 or 7 Manufacturing, Mobil, and Module Homes.  If you missed the opportunity to take this last fall, now is the time to get in!
 
Stay tuned as we have 2 National Instructors on the horizon…Melody McClain on May 10th and Paula Monthofer on June 14th! 
 
We welcome all feedback about our course offerings and any ideas that you may like to see.

Kindest Regards,
 
Patricia L. Anderson
Director of Professional Development/ProStandards Administrator
SCAOR
23407 Park Avenue
Georgetown, DE 19947

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The SCAOR Card – Issue #016 – From the CEO’s Desk

Welcome to the February edition of the SCAORcard.  For those new to reading the SCAORcard, it is a monthly e-newsletter capturing the month that was and informing the membership about the months forthcoming. Essentially, it is your monthly source of SCAOR information (education, public policy, membership, finances, YPN, Bright MLS, etc.).
 
The highlights from the month of Feb. are that we are preparing for the Bright MLS conversion date.  Bright MLS executives attended the March 8 BOD meeting to discuss proposed conversion dates.  We expect to release an official date sometime in March.  Stay tuned for this very important announcement.  
 
Other news includes that all SCAOR Committees have met multiple times in 2018.  The Young Professional Network (YPN) has met twice and will be leading an RPAC fundraiser in November.  They are also planning for an April mixer and a summer event.The Affiliates, totaling 24 and growing, have also been busy meeting monthly.  The Affiliate Committee is planning for a busy year with three mixers.  The mixers are a great way to network with various companies who work in the real estate industry.  The first mixer is March 22 at JD Shuckers in Georgetown, DE.
 
One topic that is causing confusion for members is billing (membership dues and MLS fees).  In years past MLS/Sentrilock fees were invoiced in June for a July 1 to June 30 service year.  That changed in 2017 with the pending Bright MLS conversion date. The BOD voted to invoice members for 6 months or from July 1 to December 31, 2017.  When the conversion date was delayed into 2018, the BOD voted to invoice members for MLS services from January 1 through March 31 ($60 for members and $90 for MLS Only).  Members were emailed, I sent a voicemail and information was published in SCAOR weekly communications.  The actual invoice date was January 16 through Feb. 16; however, with RAMCO (association management software challenges) we did not disconnect members until March 5.  The reconnection fee remains from years past $50.  A second invoice for 2018 may occur.  The BOD will hear from Bright MLS executives on March 8, and a decision will be made in reference to the official conversion date and if a second invoice will be sent to members.  We will communicate directly to the membership through emails, a phone call from me and weekly communications.  
 
To summarize, Sentrilock fees are due in June and Membership Dues are due in October of every year.  If you are a Broker/Participant or Member not receiving information from SCAOR, please call us right away. You should be receiving at least 13 emails per month including the monthly SCAORcard.  You also should be receiving emails from the Affiliates.  Our goal is to send you timely and accurate information every month.  We appreciate your membership with SCAOR and look forward to serving you.  
 
Lastly, SCAOR hosted several programs in Feb.  The Public Policy Committee State Legislator breakfast was February 8,the first Broker/Participant meeting of 2018 was February 9, a Sussex County Economic Development meeting was February 26 and the Rental Affairs Committee Summit was February 28.  All meetings were well attended.  Future meetings/events include the above mentioned three Affiliate mixers and multiple YPN mixers. Please consider attending a meeting or mixer to network and build your business.
 
Sincerely,
 
Merritt Burke IV
CEO

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Sussex County Association of Realtors

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

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