Year-end sales data for 2014 has been compiled by the Association and continues to show sustained growth for Sussex County's real estate markets.
During the last calendar year, nearly $1.5 billion in real estate changed hands here in the county, which is an 8 percent increase over 2013. More than 4,700 properties were sold, which is also up 3 percent from the previous year.
The average home in Sussex County sold for a little more than $366,000 in 2014, which represents a 5 percent increase in volume, as well as a 5 percent increase in price, over 2013 data. The days on market also continued to decrease in 2014, from 168 days to just 151.
It's also important to note that 31 percent of all real estate transactions in Sussex County during 2014 were completed via cash, which indicates continued strength in the area's second homeowner market.
Now is a great time to sell or buy property in Sussex County, Delaware! If you have real estate goals to accomplish in 2015, call the #1 RE/MAX team in the state to represent you--The Debbie Reed Team! (Included in this article is a small sampling of the 176 homes sold by The DRT in 2014.)
A refreshing dip in the Atlantic Ocean sounds fun and refreshing in July, but in the middle of winter?? Yet every year since the inaugural Polar Bear Plunge in 1992, people have gathered in Coastal Delaware to be challenged by the brisk waters and to raise money for a most worthy cause--Special Olympics.
The first Polar Bear Plunge for Special Olympics in Delaware was held at Cape Henlopen State Park 23 years ago. It attracted 78 Plungers who raised $7,000 for the cause. In 1998, a nor'easter damaged the park and the event was moved to Rehoboth Beach, where it has been held and grown each year since. In 2014, 3,252 Bears plunged for a grand total of $725,000 for Special Olympics. Perhaps 2015's efforts will reach the $1,000,000 mark!
What started as a single event has grown into a weekend of fun family activities. This year's event starts on Friday, January 30. The actual Plunge will be held on Sunday, February 1, 2015 at the end of Rehoboth Ave. on the beach, at 1:00 p.m., followed by an Apres Plunge Party at the Convention Center. Pre-Plunge activities include a Pooch Plunge on Saturday at 11:00 a.m., a 5K run, and a Restaurant Chili Cook-Off Contest. Full information, including online registration, may be found at the Plunge website.
Rehoboth Beach Museum joins Mosaic Art Walk, in hosting an Opening Reception for Delaware Beach Life Magazine 2014 Photography Contest Winners. An exhibit of the winners for year eight of the Delaware Beach Life magazine’s annual contest is open at the Museum which will host the reception in conjunction with the Mosaic art walk from 6 p.m. to 9 p.m. For information about Museum Memberships and up and coming events call 302-227-7310 or visit the museum's website at www.rehobothbeachmuseum.org.
Pictured are Pat Renault, Alan Jarmon, Nancy Sharp, Lonnie Brown and DRT member, Sandra Jefferson.
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319 Rehoboth Avenue
Rehoboth Beach, DE 19971
Toll Free: 800-263-5648
Main Office: 302-227-4800
Agent ID: 217005