Here's a Market Snapshot for the Greenville, Hockessin, Centerville area:
Comparing the Median Sales Price of Dec 2008 vs.Dec 2007 we see a 7.6% decrease - $425,000 down from $460,000. Average Days on Market increased from 83 DOM in Dec 2007 to 102 DOM in Dec 2008.
Keep in mind this is a one month comparison, to view the 12 month chart with a polynomial trend line click on the "Download" links below.
For the Middletown, Townsend, Odessa, Clayton, Smyrna area:
Comparing the Median Sales Price of Dec 2008 vs.Dec 2007 we see a "Rare"10.3% increase - $320,000 up from $289,999. Average Days on Market increased from 98 DOM in Dec 2007 to 122 DOM in Dec 2008. Keep in mind this is a one month comparison, to view the 12 month chart with a polynomial trend line click on the "Download" links below.
For the Newark, Bear, Glasgow area:
Comparing the Median Sales Price of Dec 2008 vs.Dec 2007 we see a 5.9% decrease - $215,000 down from $228,500,000. Average Days on Market increased from 62 DOM in Dec 2007 to 70 DOM in Dec 2008. Keep in mind this is a one month comparison, to view the 12 month chart with a polynomial trend line click on the "Download" links below.
For the Wilmington, Trolley Square, Talleyville, Claymont area:
Comparing the Median Sales Price of Dec 2008 vs.Dec 2007 we see a 13.7% decrease - $195,000 down from $226,000. Average Days on Market increased from 87 DOM in Dec 2007 to 98 DOM in Dec 2008. Keep in mind this is a one month comparison, to view the 12 month chart with a polynomial trend line click on the "Download" links below.
As always for questions on your particular real estate situation contact me directly at 302-740-5872 or John@JohnLuca.com .
John
Click on Links below to see Charts and Tables:
Download RT Wilmington + Brandywine John Luca Dec 2008
Download RT Hock-Greenville John Luca Dec 2008
Download RT Pike Creek Elsmere John Luca Dec 2008
Download RT Newark-Bear John Luca Dec 2008