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Sold Properties in May 2017

* Stats Include All Sales Posted by All Brokers on the MLS
* Info. from the Sussex County Association of Realtors MLS

Monthly Trivia

General Trivia
A. A 2011 report said this country had a total of 32 women
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B. Who holds the single-season record for home runs for a Washington team?
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C. What Actor was known as “Singin’ Sandy” early in his career?

Why We Live Here . . .

A Popular Photographic Series provided weekly on our blog at SellingDelawareHomes highlighting attractions, history and interesting places here in the beach area of Southern Delaware.

Market Activity for May:

As of the end of May, there were a total of 2,227 homes on the market, an decrease of 0% from the previous month’s end inventory of 2,228.  This represents a 8-month’s supply of inventory, with a current absorption rate of 264 homes sold per month thus far in 2017.

Closed Sales

For the first 5-months of 2017, sales of single-family homes in Sussex County are up 25% over last year, with 1,318 homes sold compared to 1,053 for the first five months of 2016.  The areas with the largest increase were the Dagsboro Area, up 51% and the Bethany Area, up 42%.  The area with the largest decrease is the Milton Area, down 16% from last year to date.

Market Watch Monthly Newsletter - 05May 2017 Dagsboro

Updates You Can Afford

A recent poll on Houzz.com found that most people hate carpet, fluorescent lighting, wallpaper, vinyl floors and other things in their homes, so why turn off buyers with these won’t-haves?

If your home is dated, you can do some quick and easy updates that will wow your buyers.

Make it welcoming. You can’t underestimate the importance of curb appeal. Repaint where needed, but make sure the entry waves hello from the street. Clean, weed and stage your home from the sidewalk to the shrubs to the front door. Buy pots of flowers and a fresh new welcome mat. Make sure that’s not so much as a stray leaf or toy on the front yard.

Make it cool. The new neutrals are a far cry from the yellows and beiges of the Mediterranean era, ‘90s jewel tones, ‘80s pastels, and ‘70s earth tones. Instead, repaint with cooler tones, like gray or icy Scandinavian whites and sky blues.

Make it low-maintenance. Replace worn carpet with a high-grade laminate floor that looks like wood, tile or granite. Replace countertops with easy-clean quartz. Upgrade your heating and cooling with a programmable thermostat. Change out yellowish light bulbs with long-wearing daylight LED bulbs.

Make it show-ready. If you have popcorn ceilings, have them removed. Replace old appliances and dated fixtures in the bathroom and kitchen with new stainless or brushed nickel finish. One of the new touch faucets, an induction range, and an apron sink also add the wow factors you need to impress buyers.

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