Monday's Main Event - Vol. 130.0 - 06.23.2025

 

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... ... New Construction Closings are down significantly in June; while Resale sales are up... Resale homes continue to command the lion-share of home sales in Sussex County with the least amount of competition with New Construction in the East of Rt.1 quadrant and the highest competition Between Rts. 1 & 113.  While we are seeing significant increases over a year ago closer to the beach, we are also noting much higher home sale prices in those quadrants, too.   This can be encouraging to Sellers and Buyers as the average New Construction home price tends to be quite a bit higher than its re-sale counterpart. The 30 year fixed rate is relatively unchanged all month with another 3 basis point drop from a week ago.   To sum it up...  While Resale homes seem to be picking up where New Construction is falling off, it's important to note that New Construction closings in the East of Rt1 and Between Rt1 & 113 quadrants are down -56% and -15% for the same time period.  This should be good news for Resale sellers and buyers who are looking for value and a quick contract to close period. Given recent geo-political moves in Iran, there are talks of the Fed moving their .25% reduction up from September to "sooner".  As all of this is unfolding rather quickly, it's too soon to tell what might happen with the Fed's rate or the stock market, for that matter. Buyers who are on the fence about making a move should remember, if the rate drops after you lock-in, you can do a one-time "float down" with some lenders to get the better rate (this has to happen before you close), so there's no time like the present to get serious about that new home purchase. For More Information and Additional Photos, Click Here -  https://m.prspcts.co/BfBgZ8yXCixeRiHV6 Take the 3D Virtual Tour, Click Here - https://my.matterport.com/show/?m=WaV6FqCzSzr Take the worry out of choosing fits and finishes and the stress out of 8 months of construction. Not to mention, now priced signficantly below what it would cost to build new!  NOW OFFERED at $810,000  Schell Brothers Southport Model - Coastal Farmhouse  Premium Coastal Trim Finishes Throughout  Chef's Kitchen with KitchenAid Monogram Appliances  Wide Plank Engineered Wood Floors  Shaw Carpeting  Plantation Shutters  Furnishings may be negotiable   Request a private tour of this home For More Information and Additional Photos, Click Here -  https://m.prspcts.co/UceYX3ifGPNekh2a6 Take the 3D Virtual Tour, Click Here - https://my.matterport.com/show/?m=ywhwyNreSKY Welcome to your dream home! Excellent primary home, vacation home, or investment property!  This move-in ready, bright and beautiful two-story end-unit townhome features 3 spacious bedrooms, 2.5 baths, and a one-car garage. The primary bedroom suite is located on the main living level for added convenience. Enjoy serene pond views and a loft that overlooks the great room. You’ll also benefit from fantastic community amenities, including a swimming pool.  Plus, it’s located near Paradise Grill, Massey’s Landing boat launch, grocery stores, and great restaurants. And, the beaches and retail outlet stores are just a short drive away!  Freshly painted, new luxury vinyl plank floors and carpet make the home simply turn-key and ready to be called yours! Request a private tour of this home 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.