1 BUSINESS
52 FRIDAY, D~CEMBER 2 N~NDAY DECEMBER ~ 201
i/ou 0
.Caut" s ptimism abounds
in the final days of 2011.
While mercial re l estate In otherpositive news, the
Sales figures have remained rela- Commerce Department an-
tivet flat ough 2011, l cal pro- nmmced Nov. 28 that new single-
:Y " v tal se - family home sales in the United
fesmonals e pect this vlt. , g ..... • ......
merit of the trket to steadily tin- States rose m uctoDer anct mat
prove over i e course 0f he next the supply of homes on the mar-
12 to 18 0 tl s, both Sussex ket fell to itslowest level since
County andl around thelnation. April 2010.
Known for ecades for Its busi° Sales edged up 1.3 percent qao
ness frie l nvironmerit, many tlonwl , whmh was the fastest
corn anies h ve already b gtm re- pace in nve monms.
, Pl Xl .... are Local data is indicative of these
locating IO ISoutn~J-J.l ~.,~.~a,, ,
and t d ng a vantage of the area s national numbers. During the first
low tax rateb, and favorable eco- three quarters of 2011, s es of sin-
, gle-family homes totalea more
& REAL
nomic condipons.
-One of most notal le busi- than a half a billion dollars in Sus-
nesses plan " g a move Sussex sex County; more than 2,000 such
County in near fumr is Per- units were sold through the end
due Agribus ess, Which/ exp. ects of September in Delaware's
to beginusing a new f cility in southernmost county.
Se,,aford nextlyear. "While we're optimistic for a
While co waercial re l estate brighter futurefor commercialr
in southern )elaware is r 0t as vi- al estate in Sussex Co_,un : there s
brant as it o ce was, We t ink the no mistaking that we re already
signs are the}e for a strong come- seeing these improving numbers
back in the Rear term," sa d Sandy in the residential markets here in
Greene, 20111president oflthe Sus- ...... ea" said Greene. q hese ira-
sex County ssoeiati°n/°f Real- provem'ents have been gradually
tots We He definitely lencour- occurring for several quarters in a
aged by sore} 0fthe activity we're ' row now, and we are looking for-
seeing, thou ,hwe realiz we still ward tO them c6ntinuing for
many more quarters to corn.
have a long v cay to go to bling that e"
segment ofltl e market/back to Tl e Sussex County Association
where it neeOs to be. / of Realtors was chartered in 1949
Anupwald trend in/.Sussexand has steadily grown in size,
Countywot0d seem to mirror ex- scope and mission during its
more than six decades in Sussex
pectationslacross the United
States, wher ai alysts are eyeing a County. It is a professional trade
year of positive growth, the association with goals of carrying
commercial}eat estate market fob out a program of education, an.d
lowing the }ptick in thq general advocacy for real estate in ttm
economy. ! . county. ,
"With rhodest ecgnomlc SCAOR is a resource for the
growth and lob creation, lthe tim- public, as well as a recognized ad-
damentals f4rcommerci lreal es- vocate for property rights and
rate should radually ,irn, rove m property owners in Sussex Coun-
the coming .year, >portsty. To read more about!ssues re-
Lawrence Nun, chief ecpnomls} lated to Sussex County s real es-
for the Natlonal Association o tate industry, go to
Realtors. i www.scaor.co
ESTATE
Cape Ga!
OR
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THE J0Y
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