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Sunday, April 20, 2025

Phil Mar Estates home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Phil Mar Estates fell by $30,000 while total sales decreased by 25%, according to BlockShopper.com.

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:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Red Mill Farms41300%$302,500$355,000-14.8%
Ocean View462770.4%$294,000$324,000-9.3%
Pine Grove41300%$292,500$285,0002.6%
Fairway Villas125140%$280,450$352,000-20.3%
Breezewood6520%$279,000$300,000-7%
Phil Mar Estates912-25%$275,000$305,000-9.8%
Sandy Brae14-75%$275,000$225,00022.2%
Holly Ridge102400%$268,250$309,000-13.2%
Overbrook Shores71600%$267,000$321,900-17.1%
Ocean Way Estates770%$265,000$319,000-16.9%
Murrays Haven26-66.7%$264,342$285,000-7.2%

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