Monday, December 1, 2008

Sussex County, Delaware Home Sales - as of November 30, 2008

The week was a short one, but the sales were in abundance. Just under 40 new sales in the past week. Below is a breakdown of what sold.

Single Family - 1,462 (compared to 1,443 on 11/24)
Condo / Town Home - 584 (compared to 579 on 11/24)
Mobile - 269 (compared to 264 on 11/24)
Multi Family - 4 (compared to 4 on 11/24)
Lots / Land - 312 (compared to 303 on 11/24)
Farms - 7 (compared to 7 on 11/24)
Commercial - 56 (compared to 55 on 11/24)

There were 39 new closed real estate transactions in the past week, despite the short week. The average list price, as of October 31, was $374,225, with an average sales price of $348,199. Homes are selling at 93% of list price and are averaging 190 day on the market.

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