Browse Delaware Communities
Sold Properties April 2020
Lots Sold in April 2020
Rehoboth Beach/Dewey
In-Town Rehoboth Beach *No Sales*
Lewes
Milton
Millsboro
Bethany, North & South
Ocean View, Millville, Dagsboro
Fenwick Island, Selbyville *No Sales*
Just For Fun . . .
Featured Properties
110 Philadelphia St
Stunning 4 Bedroom, 4.5 Bath Custom Built Residence located in a rare Private Cul-de-sac in the 2nd Beach Block in much desired South Rehoboth. You’ll find 1st and 2nd floor Masters both with private ensuite baths. All bedrooms offer access to outdoor space and wrap-around porches. This home has every imaginable high-end finish including an elevator! Enjoy and entertain in the Chefs Kitchen with large center island, expansive cabinetry, cook-top with custom range-hood, wall oven, microwave, built-in ice maker, and desk area. All of which opens to a spacious dining room, living room with fireplace and out onto the top floor porch. You’ll also find a fully and beautifully finished basement with fireplace, full bath and large laundry room. The paver driveway, expansive parking, meticulous irrigated landscaping, and double wrap-around porches makes it immediately obvious that this is an exceptional home, in an exceptional location and an opportunity not to be missed. Walk to beach, boardwalk, restaurants, shops and all the amenities offered in Rehoboth Beach ~ the Nations Summer Capital.
18832 Bethpage Drive
Conveniently located just west of Coastal Highway between Lewes and Rehoboth Beach. This hardly used almost new (2017) townhome shows pride of ownership. The property backs to a nicely landscaped golf course giving a vast open feeling. The screened porch overlooking the course provides for relaxation and promotes outdoor entertaining.Select your master bedroom! Each of the 3 nice sized bedrooms have a private bathroom. The biggest being on the 3rd floor. The first-floor features hardwood floors with an open kitchen, dining and living area. Crown molding accents the room along with granite counters and stainless-steel appliances in the kitchen. Gas cooking! The home has been well maintained and recently painted with color coordinated rooms. There is an abundance of storage in this townhome, including additional walk-in storage on the third floor, a one car garage, and a poured concrete conditioned crawl space accessed from inside the home. The community offers an outside pool, irrigation and is close to public transportation, grocery shopping and area dining and entertainment. A must-see property.
Market Activity for April 2020
Current Market Conditions for Sussex County, DE
(as of 4/30/2020—based on sales of single-family homes)
Active Listings/Current Inventory
As of the end of April, there were a total of 1,658 homes on the market, a minimal decrease from the previous month’s end inventory of 1,663. This represents a 6-month’s supply of inventory, with a current absorption rate of 293 homes sold per month thus far in 2020.
Closed Sales
For the first four months of 2020, sales of single-family homes in Sussex County are up 5% from last year, with 1,170 homes sold compared to 1,114 for the first four months of 2019. The areas with the largest increase were the Dagsboro/Millsboro Area, up 47%, and the Anola/Long Neck/Millsboro Area, up 20%. The areas with the largest decrease are the Bethany/Ocean View/Fenwick Area, down 15% and the Milton/Harbeson/Broadkill Area, down 6% from last year to date.
Home Prices
The average sales price of single-family homes in Sussex County are up over the first 4-month period of last year, $403,263 compared to $388,267, a 5% increase. The median sales price increased by 7% from the first 4-months of 2019, $313,907 compared to $294,500.
Pending Sales
Pending sales for the first four months of 2020 were practically the same compared to last year, with 1,195 homes going under contract through April of 2020, compared to 1,196 in 2019.
Days on Market
The average days on market for homes to go under contract has decreased by 12% for homes closed through April of this year compared to last. In 2020, the current average days on market is 99 days, compared to 112 days through April of 2019.
The statistics referenced here are based on single family homes derived from the Bright Multiple Listing Service.
Loving the Ranch-style Home
Loving the Ranch-style Home
All housing reflects the culture and the economics of their day, and the ranch-style home of the ‘50s, ‘60s and ‘70s is a symbol of post-World War II prosperity and an icon of the space age.
The mid-century saw the first real sprawl in communities away from town centers, made accessible by the increasingly affordable family car aided by President Eisenhower’s new highways. Land was plentiful, so most of these single-story or split-level homes are situated on comparatively large lots, with kid-friendly front and back yards.
These homes were designed as machines for living, with streamlined designs of the space age. Ranch homes were easy and quick to build, and a snap to remodel, as most load-bearing walls are on the outside perimeter.
Mid-century ranch-style homes are the perfect answer for today’s two-income, time-starved families. The only thing they need is a little 21st century flair. Just replace those linoleum floors and Jetson-era Formica counter-tops with contemporary stone. Install elegant French doors in place of sliding glass patio doors. Raise the eight feet ceilings to nine or 10 feet through the attic. Hang your flat-screen TV in place of the starburst clock, and buy some stylish retro furnishings and you’re cool, man.
