April Showers bring May flowers, right? I should hope so with the day we are having outside! Well, I would say February's gloomy stats brought new hope for March's records. It was quite an impressive change, and one that I am rather excited to report. Here is a breakdown of what sold over the past week.
Single Family - 489
Condo / Town Home - 93
Mobile - 37
Multi-Family - 2
Lots / Land - 73
Farms - 2
Commercial - 10
There were 40 additional closed real estate transactions in the past week, bringing the total to 489 for the year thus far. The average list price as of March 31 was $313,762, compared to $296,924 for the end of February, and the average sales price was $294,587, compared to $278,270 for the end of February. To me, that says the market is slowly turning around. Throughout 2008, we had seen a monthly decline between average list and sales prices of about 9.5%. This jump in the March statistics is about a 10.5% increase. This is good news indeed! Let's see how long and well it lasts.
Beach to Bay Real Estate Center is a full service real estate brokerage servicing buyers, sellers and renters at the Delaware beach areas. We handle all forms of real estate, including residential, commercial, and lots and land, in addition to bank owned, short sales and auctioned properties and representation; mortgage needs including refinances, new home purchases, second homes, first time homebuyer programs and reverse mortgages; maintain professional relationships with local settlement attorneys, insurance companies, contractors, and inspection companies; and are affiliated with a preservation and restoration company. Beach to Bay services all of Sussex County, and southern Kent County, with a strong focus on the beach resort areas of Rehoboth Beach (19971), Lewes (19958), Bethany Beach (19930), Dewey Beach (19971), Milton (19968), Millsboro (19966) and more.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment