It’s been no secret that Sussex County’s real estate market continues to perform well – even well into the summer season! In July, the Sussex County Association of Realtors (SCAOR) released second quarter statistics detailing the latest achievements in our local housing market.
The report confirmed an upward trend seen in the last several years in this region. This past April through July, the sale of single-family homes, like those available at Bayside, rose more than 14% over measurements from the same time last year. Additionally, average sales prices increased by 12%, indicating that this area continues to grow as a desirable one to live in.
Brad Riedle, 2014 SCAOR president, voices his optimism and faith in the Sussex County real estate industry: “What we are seeing is a market that is showing continuous and sustained growth, and that’s what we’re looking for in this new economic environment. We’re feeling more confident with each passing quarter that we are on a good long-term path.” He continues on to note that SCAOR “looks forward to a strong second half of 2014 and beyond.”
Best of all, these positive trends aren’t isolated to the second quarter either; the entire first half of the year measured impressive gains. From January to July, over $469 million worth of real estate “changed hands” in Sussex County. Of this $469 million, over $350 million was from single-family homes!
At Bayside, we’re so pleased to see Sussex County doing so much for Delaware’s housing market. With all that’s available to homeowners in this area, it’s clear why so many families are eager to join coastal communities like ours. With our new single-family homes by both Schell Brothers and NVHomes, as well as the opportunity to custom build a home with Echelon Custom Homes or Marnie Custom Beach Homes, any and every family can find their dream retreat at Bayside!
It’s not only the stunning new homes that make Bayside remarkable, but the impressive list of community amenities available to residents as well. The Sun Ridge Tennis and Rec Center, complete with pools, a fitness center, tennis courts, sand volleyball and family activity room is the all-inclusive community gathering spot. Nature trails and community parks, as well as The Point looking out to the Ocean City skyline, means enjoying the outdoors is just steps away. Maybe most impressive is the Bayside Golf Club, the first-ever Jack Nicklaus Signature Golf Course in Delaware, available for membership right here in the Bayside community. Oh, and did we mention the beach is less than four miles away? With our convenient beach shuttle, it feels even closer!
If you’re ready for the best summer vacation year after year, take advantage of the favorable market conditions in Sussex County and consider a new home at Bayside!
Source: The Cape Gazette