**With over 16 million in Sales, Barbara Morales Associates Wins the Prestigious Chairman’s Award for 2016**Â
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Browse Delaware Communities
Sold Properties in December 2016
Home Sales in Southern Delaware
Land Sales in Southern Delaware
- Rehoboth / Dewey
- In-Town Rehoboth***
- Lewes
- Milton
- Millsboro
- Bethany
- West Bethany
- Southern Sussex
* Info. from the Sussex County Association of Realtors MLS
Monthly Trivia
Market Activity for December:
As of the end of 2016, there were a total of 2,133 homes on the market, a decrease of 5% from the previous month’s end inventory of 2,238. Â This represents a 9-month’s supply of inventory, with a current absorption rate of 250 homes sold per month in 2016.
Closed Sales
For the year-ending 2016, sales of single-family homes in Sussex County are up slightly over last year, with 2,999 homes sold compared to 2,927 for 2015. Â The areas with the largest increase were the Milford Area, up 13% and Western Sussex County and The Indian River Hundred, up 12% respectively. Â The areas with the largest decrease are the Lewes-Rehoboth Area, down 12% and the Georgetown Area, down 9% from last year to date.
Get Your Home Documents Organized
As a homeowner, you accumulate all sorts of documentation the moment you make the offer on your home. Loan documents, inspections, insurance policies, receipts and warranties are just a few of the documents you may be collecting. Knowing where these items are can save you a lot of time and money.
Keep closing papers such as the deed, settlement statement, appraisal, disclosures, mortgage note, inspections and title insurance policy together in one place—preferably in a safe deposit box.
For other records, a practical record-keeping system doesn’t have to be expensive. Purchase an accordion file and label each flap with a different category. Those might include:
- Insurance Policies.
- Purchase and House Data.
- Property Taxes.
- Home Maintenance and Improvements.
- Warranties, Manuals and Receipts.
- Home Inventory.
Organizing your home files may take a considerable amount of time initially, but it will definitely be time well spent in the event you need the documents in the future.
