Waterfront Anyone?

I thought you'd enjoy this shot of my brother, Mike, on Red Mill Pond from this weekend.  As my brother says, only three months until we can put the boat in :) .

 

While we're waiting for the thaw, let's take a look at market price activity for single family homes in Sussex County over the past five years.  

I looked up some stats in the Sussex MLS, and although the market is down you’ll see it’s not drastic -  we are much better off than other sectors of the nation (John could go into more specific detail, as he’s the real market man - feel free to call him on 302-740-5872).  

Here’s just a few Sussex numbers:

5 year Residential Single Family Median and Average Sold Price History:

Year	Average Sold Price	Median Sold Price
2004	$343,188	$240,000
2005	$413,605	$285,000
2006	$404,951	$284,250
2007	$404,414	$286,950
2008	$378,989	$265,000

By simple calculation you can see that we are only about 7% off the high Median Sold Price for Single Family Homes in Sussex (dropping from $285k to $265k).  Yet we are still in gain territory versus prices in 2004.  I know those are high level numbers, but I start in generalities until someone wants a detailed drill down of a specific area.  In addition, it sometimes helps to step back and look at the bigger picture.

Have a nice evening – and let’s think spring so we can enjoy more outdoor activities soon (and get that boat in!)

Mary