Listing Courtesy of ACTIVE ADULTS REALTY
When you do a web search for “average house price in Milton,” you come up with a lot of good, not-so-good, and just plain lame information. If you were looking for a general idea of what the current market says that homes like yours in your neighborhood are worth, the results are likely to be more amusing than anything else.
You always come up with the national sites’ average listing price for homes for sale in Milton. Depending upon how recently their data engine found and tossed out duplicates and errors, and that can be an interesting number. You will also get state real estate trends, a list of average sold prices (this one seems to be subject to error); an instant, somewhat dubious calculation for the average price per square foot of a house in Milton; and ads. Lots and lots of ads. But almost all of the “averages” are affected by listings and/or sale prices for “lot/land for sale” and the like…hardly useful unless your own house has recently disappeared. Likewise, unless your property is a weekend getaway chalet, any “charming, quiet cabin” listings will send the “average house price in Milton” calculation seriously awry.
On a recent web excursion, I did stumble across a great cartoon presentation at the CNN.com site. It was an animation that showed how the average American home has changed over the past 40 years. The graphics show a typical house as it expands, contracts, adds features and loses them (the fireplace disappeared about 10 years ago: who knew that?).
With a tip of the hat to creator Bard Edlund, here’s a synopsis of the highlights:
1973 found the median new single family residence at 1,525 square feet.
A mere seven years later, air conditioning and a fireplace had appeared…anyone familiar with the era might be forgiven for retrieving the mental image of President Nixon’s Oval Office fireplace roaring while the air conditioning blasts away…
In 1984, George Orwell’s’ predictions aren’t totally in place, but the square footage has stretched to 1,605, and the average house price is $79,900. Ten years later, the house has expanded to 1,940 square feet, average house price is $130,000.
That “average house price” growth is pretty convincing: the narrator backtracks to point out that “the median sales price has gone from $64,600 in 1980 to $169,000 just 20 years later.” Alas, even though the cartoon doesn’t show a wrecking crew tearing it out, “the fireplace disappears in 2007” (there’s still one in the White House, though); “right before the house contracts during the economic crisis.” Then the recovery: by 2013, the average price of $268,900 supports a house having 2,384 square feet of space: 56% larger than the house of 40 years ago.
The animations and commentaries are diverting—and asking Bing or Google for the average Milton house price does get you a raft of information—but if you are seriously pricing our current Milton market, a specific detailed search right here on my site will get you a lot closer to the information you need. And if you are considering the sale of your own home, you deserve a professionally researched comparable analysis—the kind performed by an experienced, licensed area Realtor®. That’s me, and I’d be pleased to perform exactly that kind of thorough-going ‘comp’ for your property, with no obligation attached. And you don’t have to search further: I’m just a phone call away! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestate.com
One of the most effective ways to maximize your chances of achieving the best residential real estate deal possible lies in your ability to partner effectively with your choice of Sussex County real estate agent. Your agent is your local guide through the complexities of Sussex County's market—your assistant, tutor, and trusted right arm in the enterprise of buying and selling a residence. It’s your agent’s job to make the team an effective one—but for all parts to truly work as a unit, some basic elements should be in place…and clearly understood by everyone:
For prospective buyers, when your real estate agent fully understands your search criteria, the end product is a more focused search that yields the intended results most efficiently. It will conserve an under-appreciated asset (your patience)—and free your schedule by eliminating properties that aren’t right for you. Shopping for a home can lead to a bewildering jumble of options. Simply searching online for properties, or driving around likely neighborhood choices looking for "For Sale" signs is an inefficient and time-consuming stratagem. What’s more, tapping into an agent’s comprehensive understanding of the market—past and present—makes you much more likely to unearth the best value/price offerings as they become available.
For those who are selling a Sussex County home, an experienced agent wades through less-than-serious inquisitors, keeping you from getting bogged down with fruitless showings or unreasonable offers.
A move into an unfamiliar area comes with a certain level of risk. A trusted agent equips you with the insights you would otherwise be missing. It can mean the difference between landing your dream property and buying into a subpar situation—one you might regret for years. You only need imagine buying a home in the warmer months only to be blind-sided when access becomes iffy during the rainy season. An agent will have a more complete understanding of the benefits and disadvantages of all of Sussex County neighborhoods—as well as the ability to help you make an informed choice, irrespective of when you are available or ready to buy.
Establishing a candid relationship with your Sussex County real estate agent will not only afford you a buying or selling experience that’s as untroubled as possible, it will also provide you with a resident’s comprehensive knowledge of all the local factors long-time residents take for granted. Buying or selling, I hope you will consider giving me a call for a no-obligation chat about the current market!