Monday's Main Event - Vol. 113.0 - 01.27.2025

Monday's Main Event Get a jump on your week with the latest in local Real Estate Market trends, Mortgage Rates, and Local Happenings The Main Story... Demand is still strong, despite higher interest rates and prices...  As we bring January to a close (ALREADY?!?), with only a few days left, Closings for the month have outpaced a year ago.   The Average price Closed on is up from last year and last month and nearly 20% higher than the 5 year average for the month. Rates are higher in January vs. December and a year ago all while transactions continue to increase. Introducing 8 Georgia - Lewes, Delaware Dreaming of a 2 bed condo on the beach with dedicated parking and a short walk to the restaurants and shops in downtown Lewes?  Here's the perfect chance to have all of that in more! Call me today for more details. Offered for $775,000.00 Presented by Monument Sotheby's International Realty - Coastal Division To sum it up... As in any retail environment, when a Seller doesn't feel price resistance, they can charge more.  This is simple Supply and Demand.  Although we do see about 1/3 of all transactions paying cash, the majority of Buyers are financing their purchase, so while Sellers aren't feeling price resistance on their list price, Lenders are also not feeling downward pressure on their rates.   Incentives and concession negotiation are 2 ways for Buyers and Sellers to work together to find value and work around these forces.  I'm prepared to have those conversations. Looking for a Deal ? See what's been sitting around for more than 90 Days and where the greatest opportunities are to negotiate with Sellers Detached Homes Townhomes Condominiums Manufactured Homes See something you like ? Call, Text or Email me for more information. jeff@jeffheckerhomes.net  215-432-3066 Accredited Buyers Reprensentative I'm proud to say that recently I became an Accredited Buyers Representative through the National Association of Realtors. This accreditation is geared toward the nuances of a Buyer and Seller relationship and how Agency comes into play with Unrepresented Buyers. Did you know, if you're a Buyer and don't have an Agency relationship with your Realtor®, they are representing the Seller, NOT YOU!? For More Information: Jeff Hecker - 215-432-3066 - jeff@jeffheckerhomes.net Click Here to start your home search, today! Help me, help you. Complete the Survey Forward this to a Friend Real Estate Portfolio Analysis Stay up to date on your home valuations and real estate assets with a real estate portfolio review. New Newsletter Content Want something that you don’t see in this newsletter? Hit reply and let me know! Local Business Recommendations Reach out to me for any home improvement project contractors, or even food & activity recommendations. Market Stats for Specific Towns or Communities I’m here to help decode the mystery of the Sussex County Real Estate market. Let me know which communities you are interested in for more information.

 

Did you find this information helpful?  Let me know by simply replying "thanks" in the comments, below. Interested in information about a specific town or community?  Let me know in the comments, below.   I'm here to help decode the mystery of the Sussex County Delaware Real Estate market.