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Bear Delaware Real Estate Market Report February 2018

March 4, 2018 By Sean Casey

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This Bear  Real Estate Market Report January 2018 is based on statistics from Bright MLS.  

Over the last 5 years, the Bear Delaware real estate market has seen home prices that average $231,185 gradually increase to $256,726 by the end of 2017.

Each neighborhood has its own features and styles and average home sales price.    The Bear area includes single-family residences, condos, and townhouses.  

To buy or sell in the Bear Delaware Real Estate Market, Contact Sean Casey at Patterson-Schwartz Real Estate.

Year

Average Sales Price

2013

$231,185

2014

$235,028

2015

$250,658

2016

$250,825

2017

$256,726

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National Real Estate Market
Bear Delaware Real Estate Market-19701
Recently Sold in 19701
19701 Sales by Neighborhood- 2018
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National Real Estate Market

According to the National Association of REALTORS®, Nationally January Sales were down 3.2% from December and down 4.8% from last year.  

The Median Sales price was up 5.8% to $240,500.  Prices are up in 92% of all markets.  Prices are at new highs in 63%.

 Active Listings were up 9.5%.  Average Days on Market was 42 Days.  The 30-Year fixed mortgage rate was 4.9% nationally.  

The National Forecasted Home Price growth is up 2.7% from 2017.

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Bear Delaware Real Estate Market-19701

Bear Delaware19701 had a 19.5% decrease in listings in February 2018, down to 33 from 41 in the same period last year.  

Single-family Detached inventory was down 25.4% to 47 homes.  The highest priced home sold in 19701 was in Red Lion Chase for $659,900.

Closed Sales were flat at 22 closings.  Pending Sales were down 59.5%.    

The median sales price was up 23.0% to $264,450.  The average Days on Market for February 2018 were 69 days down from 80 last year, a decrease of 13.8%.  

Home Sellers were getting an average of 94.8% sales to list price ratio.

Recently Sold in 19701

Other People Have Asked:

  • How much are Sellers Closing Costs
  • What Do I Need to Know About Home Valuations
  • Should I put my Home on the Market Now or Wait

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19701 Sales by Neighborhood- 2018

Neighborhood

# Homes Sold

Average Sales Price

Days on Market

Brennan Estates

4

$281,237

40

Buckley

1

$146,500

34

Calvarese Farms

2

$391,000

55

Caravel Woods

1

$394,900

4

Country Woods

2

$328,500

74

Crossings at Christiana

1

$184,000

88

Emerald Ridge

1

$265,000

3

Estates of Red Lion

1

$327,000

178

Forest Glen II

1

$259,080

25

Fox Run

1

$187,00

336

Garwood Estates

1

$147,000

29

Governors Square

2

$181,200

31

Hickory Woods

2

$281,250

60

Hunters Run

1

$43,500

79

Lakecroft II

1

$206,500

32

Mansion Farms

1

$325,000

132

Mariners Watch

2

$366,250

60

Meridian Crossing

1

$354,120

2

Pigeon Run

1

$154,875

65

Pinewoods

2

$160,750

18

Porter Square

1

$235,000

25

Red Lion Chase

1

$530,000

19

School Bell Garden

1

$261,000

17

Stone Mill

1

$167,500

10

Sunset Meadows

2

$325,000

124

Sylvan Park

1

$377,500

120

The Verandes

1

$145,000

117

Tree Lane Terrace

2

$162,250

60

Village of Becks Pond

2

$224,225

59

Village of Red Lion Chase

3

$239,050

99

Whethersfield

1

$240,000

202

Willow Oak Farms

1

$335,000

24

Woodlands at St. Georges

1

$499,900

179

York Farms

1

$284,000

134

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Filed Under: Market Report Tagged With: Bear Delaware, Home Prices

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About Sean Casey…

I'm a full time Realtor®. I enjoy reading, listening to music and watching Philadelphia sports. I love animals, especially dogs and my wife rocks!
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Sean Casey Patterson-Schwartz Real Estate

Patterson-Schwartz College
680 S College Ave
Newark, DE 19713
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Direct: 302-733-7020
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