Sussex County Association of REALTORS® October 18, 2017
Local Real Estate Market Remains Strong
FOR IMMEDIATE RELEASE
The real estate market in Sussex County, Delaware continues to be active for buyers and sellers. Real estate date released by the Sussex County Association of REALTORS® (SCAOR) for the 3rd quarter of 2017 shows the average sold price of a residential property at $332,683. This continues a strong market as the average price was $312,646 in the 3rd quarter of 2016. Additionally, the total number of units sold year-over-year was 1,326 compared to 1,234.
President Brigit Taylor, after reviewing the data stated, “After several years of a market correction in Sussex County, we seem to be in a more normalized market.”
Commercially speaking, the 3rd quarter of 2017 saw lower units sold compared to the 2nd quarter but a higher average price from $527,783 to $696,500.
Regarding lots and land, the total units sold decreased from 217 in the 2nd quarter to 191 in the 3rd quarter. However, the average price of lots and land increased from $172,338 to $231,570.
Overall, $500,267,000 has changed hands in 2017’s third quarter.
There is no better time to hire a professional REALTOR® to assist with a future transaction. With over 1,800 members, the Association is ready to serve the public in any and all real estate transactions. President Taylor noted that, “With so many options to choose from and so many different ways to search for property, utilizing the expertise of a professional REALTOR® will simplify the process of selling an existing home or searching for a new home.”
To view an extensive database of residential, commercial and land that are currently for sale in Sussex County, visit SCAOR’s website at www.scaor.com.
The Sussex County Association of Realtors was chartered in 1949 and has steadily increased in size, scope, and mission during its more than six decades representing buyers and sellers in Sussex County. SCAOR is a professional trade association with a mission statement of ethics, education and advocacy for real estate transactions throughout the County.
SCAOR is also a resource for the public, as well as a recognized advocate for property rights and property owners in Sussex County. The association also monitors legislative issues on the local, state and national levels that may impact home ownership in the area.
To read more about issues related to Sussex County’s real estate industry, visit SCAOR’s website at www.scaor.com.
Managing a progressive trade association can be challenging at times; however with talented employees leading education, communication, membership and innovation SCAOR has a bright future. First, I would like to announce that Angela Emerson was hired by the Pinellas REALTOR Organization in Tampa, FL to lead education and ethics. We wish her the best, as she dedicated five years to SCAOR. Second, I would like to congratulate Patricia Anderson on her promotion to the Director of Professional Development for the Association. The Director oversees, schedules and coordinates all professional development programs. The Director also oversees professional standards and is the primary mediation/arbitration contact and coordinator. Ms. Anderson has a strong background in administration and has been employed by the Association two years working in several capacities including assisting with local advocacy efforts. Lastly, we wish Ben Kunde, MLS Administrator, a fond farewell as he is poised to join Bright MLS as a Solutions Architect at the end of November. Organizational change is never easy, but I assure you that a new team of professional and dedicated employees will take the reins in late 2017 to serve the members into the future. Please contact me directly at meritt @scaor.com if you have questions or comments on the transition.
Regarding Association projects and news, I would like to inform the members that the Bright MLS training workshops have been posted on the SCAOR website and within all SCAOR communication. Be the first to sign up for a Bright MLS training! The next BOD meeting is November 16 at 9 am with the 2018 Installation on November 30 at 4 pm at SCAOR. Come out and support the new Officers and Directors.
It has been a busy year for SCAOR. The BOD approved the transition to a new MLS in January, 5000 lockboxes were exchanged in July and now organizational change within the Association in October. I want to thank the staff for their hard work and long hours assisting members with countless requests while keeping the Association moving forward all year. 2018 should be a productive year under new leadership, so stay tuned and stay involved in your Association. We highly value you as we work towards making your business more productive and profitable.
The FY 2017 year is coming to an end which means that the 2018 Installation is on the horizon. If you have not marked your calendars, please reserve November 30 at 4 pm to welcome a new slate of Officers and Directors. President-elect Chris Lind has chosen SCAOR has the location for the festivities. Come out and support the 2018 SCAOR President!
Other important news includes transitioning to Bright MLS on December 11. Every Thursday we post Bright MLS information and within this SCAOR card you will see there are several MLS training dates already scheduled. Stay ahead of the training curve by attending a training workshop early on.
By now the 2017 Lockbox Exchange should be complete. If you still have questions or issues, please contact Andrew Mason at SCAOR. With Ben Kunde departing for Bright MLS, Andrew will take over as Sentrilock Customer Service Manager.
Lastly, SCAOR dues will be invoiced the first week of October. The dues will remain at $260 annually (January 1 through December 31, 2018).
Thank you for allowing me to serve you, and if you ever need anything please contact me at merritt@scaor.com.
If you were at the General Membership meeting, then you know that we covered a *lot* of valuable information for the coming months. Feel free to review any of the presentations:
SCAOR Staff Update – The SCAOR Staff each gave updates on their respective areas. Click here to view the slide deck from that presentation.
Bright MLS – We were honored to have Robert Andress share the upcoming Bright MLS changes. As well as announce the training dates to the membership.
This is your ultra-fast, easy dose of the latest tech that can help your life as a REALTOR®. Whether it’s using the MLS, Mobile Apps, or surfing around, we’ll give you the tools you need each Tuesday.
Tech Tip Tuesday – #079 – Matrix Client Portal New Features
Today’s Tip:
Today, we go over some of the new features in Matrix’s client portal.
