Sussex County real estate market remains strong

The real estate market in Sussex County continues to be active for buyers and sellers. Real estate date released by the Sussex County Association of Realtors for the third quarter of 2017 shows the average sold price of a residential property at $332,683. This continues a strong market as the average price was $312,646 in the third quarter of 2016. Also, the total number of units sold year-over-year was 1,326 compared to 1,234.

Association President Brigit Taylor said, "After several years of a market correction in Sussex County, we seem to be in a more normalized market."

Commercially speaking, the third quarter of 2017 saw lower units sold compared with the second quarter, but a higher average price, from $527,783 to $696,500.

Regarding lots and land, the total units sold decreased from 217 in the second quarter to 191 in the third quarter. However, the average price of lots and land increased from $172,338 to $231,570. Overall, $500,267,000 has changed hands in 2017's third quarter.

There is no better time to hire a professional Realtor to assist with a future transaction. With over 1,800 members, the association is ready to serve the public in any and all real estate transactions. Taylor said, "With so many options to choose from and so many different ways to search for property, utilizing the expertise of a professional Realtor will simplify the process of selling an existing home or searching for a new home."

To view an extensive database of residential, commercial and land properties currently for sale in Sussex County, go to www.scaor.com.