The following has been compiled by the Sussex County Association of Realtors' MLS:
The total number of closed listings as of March 31, 2012 was 611 homes totalling $155,065,025 in sales. The average sell price of a single family home was $253,789. Three bedroom home sales accounted for the largest segment with 323 sales compared to 122 for 2 bedrooms & 157 for 4 bedroom homes. Sellers obtained 94% of the listed sell price & the average days on the market reported was 228 days.The average sell price for a 2 bedroom home is $170,725; 3 bedroom home is $224,483 & a 4 bedroom home is $378,192.
The Single family home sales show an improvement from the same time period in 2011. Last year, 492 homes were sold for an average sell price of $305,836 with total sales of $150,471,518.
Susan N. Giove, Ed.D
Mann and Sons, Inc.