wRealizing that education can occur anywhere and under any circumstances, nearly 50 members and friends of the Sussex County Association of Realtors (SCAOR) completed several of their Delaware Real Estate Commission (DREC) mandated educational requirements recently while on the high seas, as part of the Association’s first-ever “educational cruise.”
Held aboard Royal Caribbean International’s “Grandeur of the Seas,” the eight-day cruise departed the Port of Baltimore on Friday, Feb. 13. The trip was organized by SCAOR, paid for by participating members and featured a bevy of real-estate related offerings in several different areas.
Classes onboard were taught by Harry Wooding, who was chosen by members as SCAOR’s “Educator of the Year” in 2014.
“As an instructor, this was a wonderful opportunity for me to teach classes that I’ve taught many times before, but teach them in a completely different way,” says Wooding. “It was kind of like, as soon as the work was done, a vacation was right there waiting for us. We accomplished a great deal in terms of education during our days at sea, but we also had a lot of fun.”
The winter cruise included three days of coursework and four ports of call, including Port Canaveral and Key West in Florida, as well as Nassau and the private island of Coco Cay in the Bahamas.
The Sussex County Association of Realtors (SCAOR) is pleased to announce that Executive Assistant Angela Emerson has received her Realtor Association Certified Executive (RCE) designation from the National Association of Realtors (NAR).
The national Realtors’ trade association recognized Emerson for her achievement during it’s annual four-day Association Executive Institute in Vancouver, British Columbia, Canada, on Saturday, March 14.
“It took months of hard work and hitting the books, but I’m extremely proud that I was able to complete the course work and receive this coveted designation,” says Emerson, who lives near Georgetown and has been employed by SCAOR since 2012. “Now, I’m ready to put this newfound knowledge to work for the betterment of the association, it’s members and for everyone in Sussex County who looks to SCAOR for guidance in the real estate arena.”
Upon her recognition by NAR, Emerson became only the third real estate executive in the state of Delaware to become RCE certified, joining SCAOR Chief Executive Officer Ruth Briggs King and DAR Chief Executive Denise Tatman.
“A key component to life in the real estate business is continuing education, and we’re all obviously very proud of Angela for receiving her RCE designation,” says Fred Dean, SCAOR’s 2015 president. “This accomplishment truly exhibits her dedication to the association and to her chosen career. All of us on SCAOR’s board of directors congratulate her on this hard-earned accomplishment.”
The Realtor Association Certified Executive is the only professional designation designed specifically for Realtor association executives. It exemplifies goal-oriented association executives with drive, experience and commitment to professional growth, according to NAR’s Website.
Data released recently by the Sussex County Association of Realtors (SCAOR) reveals a steadily strengthening local real estate market, with nearly all sectors showing modest gains over the same period in 2014.
As of March 31, 825 homes were sold thus far in Sussex County for a total of more than $275 million. This represents a 9 percent increase in the number of homes sold and an 18 percent increase in sales price over the same period a year ago.
Going back one year further, the number of homes sold also reveals a 21 percent gain over those sold in the same period in 2013.
“There’s no questioning the fact that the first quarter of this year has been especially robust, with many more buyers entering the market,” says Fred Dean, SCAOR’s 2015 president. “With the reduction in inventory due to the higher number of sales, we feel this market is only going to continue strengthening moving forward. As industry professionals, we’re definitely excited at what we’re seeing in Sussex County.”
Single-family home sales for the months of January, February and March were especially robust in 2015, after the harsher than normal winter a year ago. The average sale price of a residential home in Sussex County also rose significantly over the first quarter of 2014, with the average three-bedroom home selling for $262,330 thus far in the current calendar year, compared to $246,198 last year.
As of March 31, there was also a 12 percent reduction in inventory over the last 12 months, which continues a years-long trend of inventory reduction in Sussex County. This means that homes for sale are returning to pre-recession levels, which is good news for both buyers and sellers.
“We’re particularly excited about the inventory reduction because that means we’re beginning to achieve a more reasonable balance between homes on the market and buyers wishing to purchase a home,” says Dean. “This leads to a healthier real estate market, one that’s been many years in the making.”
More than $275 million in local real estate has been sold through the first quarter of 2015 in Sussex County, in the single-family market segment alone. Additionally, more than $56 million has been generated in condominium and townhome sales, more than $4 million in mobile home sales and more than $14 million in sales of land.
Commercially speaking, the first quarter of 2015 saw the same number of sales as the previous year, but there was a 3 percent jump in the average sales price, indicating a stabilizing market.
To view an extensive database of homes that are currently for sale in Sussex County, visit SCAOR’s Website at www.scaor.com.