Monday's Main Event - Vol. 114.0 - 02.03.2025

 

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... Significant sales pull average home prices higher closer to the Coast...  Whenever we look at sales by quadrant, we usually see some things that have us scratching our heads.  In January, that's the number of homes sold East of Rt 1.   With a 90% increase over a year ago, we note that there were multiple significant sales in North Rehoboth, North Shores, The Grande at Canal Pointe (I represented Buyers on one of these!), Rehoboth Crossing (townhomes) and The Glade. What is also significant is the fact that more than 50% of what closed on went under contract in fewer than 14 days.   In the First week of February, national mortgage rates have barely changed from the prior week.  Although they are higher than a year ago, they seem to be holding a steady rate as we start building toward the Spring Real Estate season. Remembering the Past forges a path to the Future and opens up unlimited possibilities. To sum it up... The first month of the year shows strong growth across the county with some significant sales leading to higher overall average prices.  However, home prices between Rts 1 and 13 are also up strongly over a year ago, indicating more potential for Sellers and Buyers across the area.   While we see interest rates holding steady nationally, we don't see this as a major deterrent as we move toward the Spring market. 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.