From January through June of 2017, there were nine homes sold, with a median sale price of $275,000 - a 9.8% decrease over the $305,000 median sale price for the same period of the previous year. There were 12 homes sold in Phil Mar Estates in the first half of 2016.
The following table compares Phil Mar Estates to other Sussex County cities with similar median sales prices in the first half of 2017:
City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Red Mill Farms | 4 | 1 | 300% | $302,500 | $355,000 | -14.8% |
Ocean View | 46 | 27 | 70.4% | $294,000 | $324,000 | -9.3% |
Pine Grove | 4 | 1 | 300% | $292,500 | $285,000 | 2.6% |
Fairway Villas | 12 | 5 | 140% | $280,450 | $352,000 | -20.3% |
Breezewood | 6 | 5 | 20% | $279,000 | $300,000 | -7% |
Phil Mar Estates | 9 | 12 | -25% | $275,000 | $305,000 | -9.8% |
Sandy Brae | 1 | 4 | -75% | $275,000 | $225,000 | 22.2% |
Holly Ridge | 10 | 2 | 400% | $268,250 | $309,000 | -13.2% |
Overbrook Shores | 7 | 1 | 600% | $267,000 | $321,900 | -17.1% |
Ocean Way Estates | 7 | 7 | 0% | $265,000 | $319,000 | -16.9% |
Murrays Haven | 2 | 6 | -66.7% | $264,342 | $285,000 | -7.2% |
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