What Sold in 2015?

Ask The Broker: “Kathy, in Southern Delaware, what Sold  in 2015?”

The numbers, according to the Sussex County Association of REALTORS®, indicate that

up graph_2015_011816nearly $1.52 billion in southern Delaware real estate changed hands in 2015,

which is a modest 1 percent increase over the previous year. There were more than 5,000 properties sold during the calendar year, also a 1 percent gain from 2014.
But sales exclusively in the category of “single family homes,” which excludes commercial properties, lots and land, mobile homes and condominiums, were up 6 percent over 2014 figures.

Single-family home sales for 2015 accounted for more than $1 billion, with the average residential home in the county selling for a price of $359,395

What Sold in 2015 at Active Adults Realty?

Every year we do a recap analysis of what sold, and what the breakdown was of new vs. existing homes and other statistics. Here is a quick overview of our Year in Review and what our Buyer Clients did in 2015. Since 76% of our business is working with Buyers, many of whom come from out of state, we have a pretty good pulse on what Boomers & Beyond coming to Delaware are looking for.

2015  New Vs. Existing Homes – 48% New; 52% Existing/Resale – Compared to 2014 when it was 55% New and 45% Existing

2015  55+ vs All Ages Communities – 62% 55+; 38% All Ages – Pretty consistent since 2014 was 63%/37%

 

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