Delaware Real Estate News and Market Update (Jan 2017)

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Real Estate Agent with Patterson-Schwartz Real Estate DE RS-0023137
Real Estate News and Market Update
Brought to you by  Suzanne and Chris Rumsey  nd Patterson-Schwartz Real Estate   January 2017

Happy New Year! As we begin a new year, take a moment and review our current market summary to learn about local housing trends. We've also included some timely home and lifestyle-related articles and videos to keep you informed on the latest in everything from interior decorating trends to personal finance advice.

 
 

Contact Information:
Suzanne and Chris Rumsey
Direct: 302-722-6690
Office: 302-733-7000
e-mail:

srumsey@psre.com

Monthly Spotlight

Market Update - A Local Perspective

The housing activity for the year 2016 as compared to that of 2015.

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How to Create a Paperless Home

While a paperless environment is becoming the norm in the work world, it may be a different story at home.

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Why Dogs Make Us Better People

According to one study, dogs enhance our overall well-being, providing a range of emotional, behavioral and physical benefits for their humans.

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Video - Clean Up Fast Before a Walk Through

Is your home on the market? Preparing for a walk-through can be tough, especially when you're still living in the house. Here's how to tidy up in a hurry.

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Your Market Update

 

Market Area Update, January 1, 2016 - December 31, 2016
All New Castle County
    Number of New Listings: 9384
    Number Sold: 6588
    Median Sale Price: $220,000
    Average Sale Price: $243,044
    Percent of List Price: 94.90%
    Average Days on Market: 66
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in All New Castle County
from January 1, 2016 to December 31, 2016
    * 1 Odessa Street, New Castle ($84,500)
    * 116 Chandler Lane, Centreville ($1,312,000)
    * 1401 Pennsylvania Avenue #1603, Wilmington ($80,000)
    * 1406 Old Lancaster Pike, Hockessin ($242,500)
    * 321 Delaware Avenue, Claymont ($206,000)
    * 34 The Horseshoe, Newark ($299,900)
    * 4 Thunder Hollow Road, Wilmington ($335,000)
    * 411 Glenturret Way, Townsend ($345,050)
    * 426 S Broom Street, Wilmington ($43,500)
    * 68 Centerville Terrace, Wilmington ($419,000)

Brandywine
    Number of New Listings: 1473
    Number Sold: 1076
    Median Sale Price: $265,000
    Average Sale Price: $271,329
    Percent of List Price: 94.95%
    Average Days on Market: 62
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in Brandywine
from January 1, 2016 to December 31, 2016
    * 1012 Darley Road, Wilmington ($569,900)
    * 107 Mullin Road, Wilmington ($500,000)
    * 14 S Rockland Falls Road, Rockland ($349,000)
    * 161 Paladin Drive, Wilmington ($43,000)
    * 1900 Old Wood Road, Wilmington ($338,000)
    * 2301 Clearview Avenue, Wilmington ($185,000)
    * 2410 Silverside Road, Wilmington ($273,000)
    * 321 Delaware Avenue, Claymont ($206,000)
    * 4 Bell Hill Road, Wilmington ($140,000)
    * 6701 Pleasant Court #6701, Wilmington ($95,000)

Hockssn/Greenvl/Centrvl
    Number of New Listings: 493
    Number Sold: 308
    Median Sale Price: $420,000
    Average Sale Price: $507,255
    Percent of List Price: 91.04%
    Average Days on Market: 96
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in Hockssn/Greenvl/Centrvl
from January 1, 2016 to December 31, 2016
    * 105 Alexis Court, Hockessin ($365,000)
    * 114 Galileo Court, Hockessin ($393,000)
    * 116 Chandler Lane, Centreville ($1,312,000)
    * 1406 Old Lancaster Pike, Hockessin ($242,500)
    * 15 Oxford Way, Wilmington ($651,100)
    * 2100 Graves Road, Hockessin ($300,000)
    * 3940 Centerville Road, Greenville ($390,000)
    * 4109 Kennett Pike, Greenville ($375,000)
    * 517 Ridgeview Drive, Hockessin ($405,000)
    * 903 Barley Mill Road, Greenville ($710,000)

Elsmere/Newport/Pike Creek
    Number of New Listings: 1374
    Number Sold: 958
    Median Sale Price: $193,750
    Average Sale Price: $201,861
    Percent of List Price: 94.95%
    Average Days on Market: 63
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in Elsmere/Newport/Pike Creek
from January 1, 2016 to December 31, 2016
    * 12 Elliott Avenue, Wilmington ($119,600)
    * 15 S Sycamore Street, Wilmington ($189,000)
    * 2716 Burnley Road, Wilmington ($205,000)
    * 310 Quimby Drive, Wilmington ($445,000)
    * 3375 Champions Drive, Wilmington ($199,900)
    * 4 Thunder Hollow Road, Wilmington ($335,000)
    * 5422 Valley Green Drive #C2, Wilmington ($70,000)
    * 5508 E Timberview Court, Wilmington ($405,000)
    * 68 Centerville Terrace, Wilmington ($419,000)
    * 837 9th Avenue, Wilmington ($26,600)

New Castle/Red Lion/Del.City
    Number of New Listings: 950
    Number Sold: 665
    Median Sale Price: $159,500
    Average Sale Price: $170,354
    Percent of List Price: 95.15%
    Average Days on Market: 61
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in New Castle/Red Lion/Del.City
from January 1, 2016 to December 31, 2016
    * 1 Odessa Street, New Castle ($84,500)
    * 108 Adair Avenue, New Castle ($140,000)
    * 120 E 2nd Street, New Castle ($242,500)
    * 122 E 2nd Street, New Castle ($202,500)
    * 16 Berks Court, New Castle ($145,000)
    * 220 Adams Street, Delaware City ($75,000)
    * 4 N Booth Drive, New Castle ($170,000)
    * 411 Stonebridge Boulevard, New Castle ($121,000)
    * 69 W 5th Street, New Castle ($245,000)
    * 911 5th Street, Delaware City ($240,000)

Newark/Glasgow
    Number of New Listings: 2427
    Number Sold: 1901
    Median Sale Price: $217,000
    Average Sale Price: $234,743
    Percent of List Price: 95.76%
    Average Days on Market: 60
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in Newark/Glasgow
from January 1, 2016 to December 31, 2016
    * 1 Tanglewood Lane, Newark ($280,000)
    * 1012 Powell Court, Bear ($445,000)
    * 1122 Powderhorn Drive, Newark ($189,900)
    * 34 The Horseshoe, Newark ($299,900)
    * 425 Barley Drive, Newark ($110,000)
    * 436 Calburn Court, Bear ($138,000)
    * 450 Shai Circle, Bear ($149,900)
    * 525 S Twin Lakes Boulevard, Newark ($250,000)
    * 606 Shue Drive, Newark ($194,000)
    * 85 Versailles Court, Newark ($147,000)

Wilmington
    Number of New Listings: 1475
    Number Sold: 871
    Median Sale Price: $125,000
    Average Sale Price: $157,174
    Percent of List Price: 90.73%
    Average Days on Market: 91
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in Wilmington
from January 1, 2016 to December 31, 2016
    * 1313 N Orange Street, Wilmington ($201,000)
    * 1401 Pennsylvania Avenue #1603, Wilmington ($80,000)
    * 1813 Beech Street, Wilmington ($134,965)
    * 1911 N Scott Street, Wilmington ($269,900)
    * 210 W 18th Street, Wilmington ($165,000)
    * 217 Bayard Avenue, Wilmington ($168,000)
    * 2423 W 2nd Street, Wilmington ($139,100)
    * 2604 W 16th Street, Wilmington ($1,400,000)
    * 316 S Claymont Street, Wilmington ($25,500)
    * 426 S Broom Street, Wilmington ($43,500)

South Of The Canal
    Number of New Listings: 1192
    Number Sold: 809
    Median Sale Price: $329,900
    Average Sale Price: $325,315
    Percent of List Price: 97.99%
    Average Days on Market: 58
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in South Of The Canal
from January 1, 2016 to December 31, 2016
    * 103 Hagerty Place, Townsend ($240,000)
    * 1850 Congressional Village Drive #5201, Middletown ($125,000)
    * 200 Sloop Lane, Middletown ($429,000)
    * 244 Camerton Lane, Townsend ($177,500)
    * 3 Arlinda Court, Odessa ($319,837)
    * 308 Jessica Drive, Middletown ($312,250)
    * 411 Glenturret Way, Townsend ($345,050)
    * 4638 Summit Bridge Road, Middletown ($52,000)
    * 58 Cole Boulevard, Middletown ($77,000)
    * 603 Ravenglass Drive, Townsend ($415,000)

All Kent County
    Number of New Listings: 3371
    Number Sold: 2084
    Median Sale Price: $198,250
    Average Sale Price: $199,412
    Percent of List Price: 94.80%
    Average Days on Market: 86
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in All Kent County
from January 1, 2016 to December 31, 2016
    * 113 N West Street, Harrington ($125,000)
    * 122 Lovers Lane, Felton ($114,000)
    * 13 Bluegrass Boulevard, Smyrna ($265,000)
    * 324 Jebb Road, Camden Wyoming ($325,000)
    * 4822 Park Brown Road, Harrington ($305,000)
    * 5604 Westville Road, Hartly ($850,000)
    * 568 Owens Brooke Drive, Smyrna ($310,000)
    * 594 Black Swamp Road, Felton ($410,000)
    * 67 Black Cherry Dr #lot215, Camden Wyoming ($189,900)
    * 87 Silver Meadows Lane, Dover ($262,500)

CECIL County, MD
    Number of New Listings: 1961
    Number Sold: 1366
    Median Sale Price: $199,750
    Average Sale Price: $214,250
    Percent of List Price: 92.75%
    Average Days on Market: 91
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in CECIL County, MD
from January 1, 2016 to December 31, 2016
    * 1207 CRYSTAL BEACH RD, EARLEVILLE ($28,500)
    * 412 ROWLAND DR #412, PORT DEPOSIT ($159,000)
    * 111 RED TOAD RD, NORTH EAST ($124,000)
    * 515 CHARLES ST, PERRYVILLE ($176,000)
    * 41 RIVER MIST DR, ELKTON ($323,000)
    * 7 CREDENCE CT, NORTH EAST ($113,968)
    * 34 LEEWARD CT, ELKTON ($126,000)
    * 31 HARFORD VIEW DR, PORT DEPOSIT ($425,000)
    * 9A OWENS LANDING CT #9A, PERRYVILLE ($182,500)
    * 43 CRESCENT LINKS DR, NORTH EAST ($339,000)

HARFORD County, MD
    Number of New Listings: 5383
    Number Sold: 3834
    Median Sale Price: $240,000
    Average Sale Price: $264,846
    Percent of List Price: 95.55%
    Average Days on Market: 67
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in HARFORD County, MD
from January 1, 2016 to December 31, 2016
    * 307 TALBOT CT, ABINGDON ($141,200)
    * 308 AIKEN TER, ABINGDON ($262,900)
    * 1701 WALTERS MILL RD, FOREST HILL ($725,000)
    * 614 STOKES RD, DARLINGTON ($240,000)
    * 709 OLD ST MARY'S RD, PYLESVILLE ($119,900)
    * 3627 LONGRIDGE CT, ABINGDON ($181,900)
    * 320 REGAL DR, ABINGDON ($355,000)
    * 339 PINTAIL DR, HAVRE DE GRACE ($201,200)
    * 3618 WOODHOLME DR, JARRETTSVILLE ($357,500)
    * 1302 CLOVER VALLEY WAY #M, EDGEWOOD ($53,700)

KENT County, MD
    Number of New Listings: 506
    Number Sold: 326
    Median Sale Price: $200,000
    Average Sale Price: $254,845
    Percent of List Price: 85.06%
    Average Days on Market: 178
    Click here to view a graph of market activity.

Here are a few of the actual home sales that closed in KENT County, MD
from January 1, 2016 to December 31, 2016
    * Undisclosed Address, CHESTERTOWN ($1,000,004)
    * Undisclosed Address, GALENA ($210,000)
    * 21112 KANSAS AVE, CHESTERTOWN ($500,000)
    * 31890 RIVER PARK RD, MILLINGTON ($41,333)
    * 5639 LANGFORD BAY RD, CHESTERTOWN ($515,000)
    * 7184 ROCK HALL RD, ROCK HALL ($250,000)
    * 25062 LAMBS MEADOW RD, WORTON ($7,000)
    * 23993 CLIFF DRIVE EXT, WORTON ($650,000)
    * 223 PHILOSOPHERS TER, CHESTERTOWN ($150,000)
    * 32072 RIVER RD, MILLINGTON ($162,500)



Information comes at us from every angle, but how do you know what is good and what is bad? Look to the experts when it comes to home buying and selling. As a Patterson-Schwartz Sales Associate, Chris and I combine the resources of the area's leading residential real estate company with our personal business expertise. We look forward to the opportunity to put our skills to work for you.

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Buying or selling a home in New Castle County or Kent County Delaware, give us a call!

 

Suzanne and Chris Rumsey, Licensed in Delaware

Rumsey Home Team 

Call/Text: 302-722-6690

Email: suzanne.rumsey@psre.com, crumsey@psre.com

Patterson-Schwartz Real EstateRumsey Home Team

680 S. College Ave

Newark, DE 19713

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