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April 28, 2017     Cape Gazette
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April 28, 2017

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Data released recently by the Sussex County Association of Realtors 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. In all, 1,020 residential homes were sold thus far in Sussex County for a total of more than $338 million. This represents a 22 percent increase in the number of homes sold and a 10 percent 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, the association's 2017 president. "With the highest first-quar- ter residential sales volume in over a decade, we feel this mar- ket 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 resi- dential home in Sussex County rose significantly compared to the first quarter of 2016. The average residential home sold for $331,863 in the first quarter, compared to $300,638 last year. As of March 31, there was also a 35 percent 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 prerecession levels. "We always try to stay cau- tiously optimistic when it comes to the future, but the data con- tinues to be strong and we look forward to a strong 2017 and beyond," says Taylor. Commercially speaking, the first quarter of 2017 saw an in- crease in units sold over the previous year, but a decline in average sales price. Also, more than $4 million has been gener- ated in commercial sales, and more than $30 million in sales of land. To view an extensive database of homes currently for sale in Sussex County, go to www.scaor. com. OPEN SAT APRIL 29TH 3-5PM 3BR/2BAprofessionallyrenovatedw. alltheupgrades. Greatcommunity! 2 GordonsPond, Rehoboth; $599,900. O V E R A N A C R E 5BR/3BAw. aprivate locationyet closetothe beach. Amplestorageand detached garage. Milton, $399,900. AMENITY RICH COMMUNITY 3BR/3BA with 3 levels, 1st floor bedroom, patio & open concept main floor. Millsboro; $159,000. S P A C I O U S & S U N N Y 4BR/3.5BAwithchef’skitchen, 1st& 2ndfloormasters, mahoganyflooring, fireplace&garage. Rehoboth; $544,950. SOUGHT AFTER COMMUNITY 3BR/1BAwell maintained A-frame in Angola bythe Bay. Fireplace & large screened inporch. Lewes; $209,900. W A L K T O T H E AV E N U E 3BR/1.5BAtownhomewithopencon- ceptonmainfloor,cozyloft,patio& outdoorshower. Rehoboth; $332,000. M A I N T E N A N C E F R E E 3BR/2.5BAinEaglePoint.Featuresbright greatroom,gasfp&vaultedceilings.Unfin- ishedwalk-outbasement.Lewes;299,000. 5 5 + C O M M U N I T Y Homesbylocal builderinpopularcom- munity, Independence.Varietyof floor- plansavail. Millsboro; Start$294,990. Visit us at today! plansavail. Millsboro; Start$294,990. The Debbie Reed Team RE/MAX Realty Group 317 Rehoboth Ave. Rehoboth Beach, DE Direct (302) 227-3818 | Main (302) 227-4800 Toll Free (800) 263-5648 Email: | Introducing Construction under way!! Walk to town from Rehoboth’s exciting, new community East of Rt. 1! Upscale, 3BR/2.5BA townhomes featuring garage, 9’ ceilings on 1st floor, hardwood flooring in entry, dining & kitchen, granite countertops & stainless appliances. Plus community pool, pool house, bicycle trail entrance. Seller will credit buyer half of transfer tax if buyer uses a Preferred Lender & Preferred Settlement Agency. Construction of first building to be complete by the end of June 2017. Starting at $451,226 Home-Buying Power at the Delaware Beaches • Search a complete list of homes at the beach at • For details, call me at 800-321-3839. 16712 Kings Highway, Lewes, DE 19958 302-645-6661, ext. 114 302-236-1143 (direct) A member of the franchise system of BHH Affiliates, LLC Pat Hearn 56 FRIDAY, APRIL 28 - MONDAY, MAY 1, 2017 BUSINESS & REAL ESTATE Cape Gazette Local real estate market enjoys continued gains Delmarva Resorts Realty has announced that new agent Di- ane Clarke has joined its office. Clarke recently relocated from northern New Jersey, where she was a licensed real estate agent for 17 years. She brings with her extensive experience in resi- dential, investment and new construction real estate. With over $200 million in sales under her belt, she is ready to help clients purchase or sell a home. She has been honored with several awards throughout her career, including The Presi- dential Sales Award; Gold, Silver and Bronze status with Garden State Multiple Listing Service; and advertising and marketing awards from, just to name a few. Her certifications include relocation specialist, foreclo- sure and short sales, e-pro, and Senior Real Estate Specialist, making her an expert for the 55 and over customer. She also has experience dealing with 1031 exchanges for investors. She has acquired substantial knowledge of Lewes, Rehoboth, Bethany Beach and surrounding areas while searching for her own per- sonal residence and investment properties. She has firsthand knowledge and experience both as an agent and a consumer. For more information, call Di- ane Clarke at 973-886-9831.   Diane Clarke joinsDelmarva Resorts Realty Diane Clarke