Data released recently by the National Association of Realtors(NAR) indicates a continuously strengthening second homeowner market across the country, including in the beach resort areas of Sussex County.
The 2011 NAR Investment and Vacation Home Survey reveals that vacation home sales across the United States accounted for 10 percent of all transactions last year, while investment sales accounted for 17 percent of the overall market.
Southern Delaware’s figures mirror those national numbers. For the first half of 2011, nearly 700 homes were sold in Sussex County’s resort areas alone, with the average three bedroom home selling for $404,601 and the average four bedroom home selling for $715,121.
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