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Sold Properties in August 2019

Stats Include All Sales Posted by All Brokers on the MLS
Info. from the Sussex County Association of Realtors MLS
*No land sold in August 2019

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General Trivia

A. What did the Montgolfier brothers invent?

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B. Which is the only team in NFL history to have scored three touchdowns in less than a minute?

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C. Mary Catherine Collins scored acting success as who?

Our Featured Listings

Hatteras

35546 Hatteras
Court

This 5 bedroom, 4.5 bath home offers the perfect combination of casual living and stunning upscale finishes thru-out. The floor plan was meticulously designed to accommodate the ever popular open plan along with separate and distinct vignettes for those often over-looked but very important get away spaces. This home was the original model home for the Sawgrass community and showcased the highest level of quality construction and finishes.   Read More . . .

DESU147522-2

191 Sea Eagle Drive #1907

This immaculate 2 bedroom, 2.5 bath, 2 story townhome in the desirable community of Eagles Landing had a major renovation in 2018. The renovation included all new luxury vinyl plank floors throughout; a total kitchen renovation with all new stainless appliances, Quartz countertops, new cabinets, new lighting, and the wall between the kitchen and living area was removed thus brightening and opening up the living area. All doors were replaced, all new ceiling fans, the powder room was completely updated, all closets were updated Read More . . .

20974 Spring Lake Drive #205

Selling this truly adorable town home is bitter sweet for these owners. You will know just how much they loved the beach the minute you walk in! But this is your opportunity to live in the much sought after Spring Lake community with lush landscaping and trees, beautiful lake, large community pool, direct access to Thompson Island Trail State Park ~ and all just a mile to the beach! This 2 story town home offers 2 bedrooms, 2 full baths, Open Plan Living, Large Private Patio overlooking meticulously maintained green space and the lake, . . . Read More . . .

Market Activity for August:

As of the end of August, there were a total of 1,945 homes on the market, a decrease of 1%  from the previous month’s end inventory of 1,966.  This represents a 6-month’s supply of inventory, with a current absorption rate of 326 homes sold per month thus far in 2019.

Closed Sales
For the first eight months of 2019, sales of single-family homes in Sussex County are up by 3% over last year, with 2,608 homes sold compared to 2,538 for the first eight months of 2018.  The areas with the largest increase were the Milton/Harbeson/Broadkill Area, up 35% and the Dagsboro/Millsboro Area, up 8%.  The areas with the largest decrease are the Georgetown Area, down 17% and the Angola/Long Neck/Millsboro Area, down 4% from last year to date.

How Important is Square Footage?

Buyers tend to think bigger is better, but a smaller home may actually feel more spacious than a similar home with a larger footprint. That’s what makes the emphasis on size over livability so frustrating – it’s not really an accurate gauge for living space.

Living space is roofed, enclosed, heated, cooled and finished out. But, because there is no accepted standard way to consistently measure interiors, square footage is typically measured from the exterior of the home as length times width. This is so that banks, tax appraisers, roofers, painters, real estate professionals and others can have a handy number to enable them to commoditize, price and negotiate homes and services.

Interiors are always smaller than exterior square footage suggests. The thickness of the exterior walls, insulation, wall boards and sheetrock can vary. Some spaces aren’t for walking around, like the empty space beneath stairwells, or the code-required space around water heaters and other systems.

If you’re shopping for a home and see descriptions online, you know there’s a lot of difference between 3,400 sq. ft. and 1,400 sq. ft., but a few feet more or less between similar homes doesn’t matter. If the home’s interior is well-planned, spaced appropriately, furnished wisely, and clutter-free, it will feel like there’s more living space.

If you’re selling a home, your BeachByBabs Team can help you find ways to make your home appear more spacious. You can start with letting in more light and eliminating extra furnishings.

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