January 2014 Real Estate Market Update for Southern Delaware

March 14, 2014

January 2014 Sales at $61,418,158 were up 31% over January of 2013 in Sussex County! Single family homes were up 27% over the same period last year.  Condos and Townhomes were up 42% over the prior January.  Sales from 2012 to 2013 in January were flat a year ago so this is a big improvement.

Commenting on this new information, Gail Alm of Fairway Independent Mortgage in Rehoboth Beach said, “Even though the weather has been a factor, these are very strong numbers for January 2014 and showing a continuing trend of recovery to our very own housing market.  The average single family home price sold last month was up 17% over January 2013 at $301,054.  This shows that average home prices are also on the rise after having been flat the prior January.  In Sussex County last month there were 7 real estate transactions every single day!  Properties are selling!”

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