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Market Conditions in Sussex County : Real Estate Advice

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  • Home Buying3
  • Home Selling0
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Activity 22
Wed Oct 21, 2015
89jackmoore answered:
That is probably going to have a different answer depending on where you live. If I were you, I'd ask around a little bit, go see some professionals. Once you have some info from them, start watching financial journals. Take a look at current stocks and keep an eye on them for a while. Then when you have enough data you can look at it and make a decision. http://www.hollywoodselfstorageaugusta.com/storage-rates/ ... more
0 votes 17 answers Share Flag
Wed Feb 26, 2014
Judy & Fred Dean answered:
Susan,

Yes, this property is leasehold. The current lot rent is $4,098 per year. If you have any other questions or would additional information my contact information is below.

Thank you for your inquiry,

Fred
GRI, e-Pro
The Dean Team
Successfully Bringing
Buyers & Sellers Together
RE/MAX Associates
16392 Coastal Highway
Lewes, DE 19958
Office: 302-645-0800
Fred Cell: 302-236-6836
Judy Cell: 302-236-3120
Email Fred: fred@DeanTeamSells.com
Email Judy: judy@DeanTeamSells.com
Web: www.DeanTeamSells.com
... more
0 votes 1 answer Share Flag
Mon Feb 10, 2014
Mike Kwiecien answered:
True. Many of the Lots in Bethany Beach West of Rt 1 have been on the market for a while. As a Builder I do see potential for Lot/Home packages that can be completed with equity based on the Bank's final appraisal. ... more
0 votes 5 answers Share Flag
Fri Jan 10, 2014
Virginia Egan answered:
Agreed. The flurry of activity we saw during the Holidays was unexpected but welcome.
0 votes 4 answers Share Flag
Thu Dec 12, 2013
David T. King asked:
It seems there is activity during this current Holiday Season. I believe that is a good sign for the New Year.
0 votes 0 Answers Share Flag
Tue Dec 10, 2013
Rehoboth Beachteam answered:
You could consider a property listed for up to $289, 000 and offer cash to purchase. Depending on the individual sellers position they may be eager to take $250, 000 cash, they may not. Being a cash buyer offer a convenience to a seller, especially if you add a quick settlement . Happy to help you. I have lived here all of my life and know the area well. Look forward to assisting you. Carla Scheder ... more
0 votes 3 answers Share Flag
Sat Nov 9, 2013
Jeff Hoover answered:
Hello,

I am not sure about your exact question. Please restate your question and I would be glad to help you.

Thank you,

Jeff Hoover REALTOR
Exit Realty
http://jhoover.delawarelisted.com ... more
0 votes 1 answer Share Flag
Tue Jul 30, 2013
Oldfather Group~The Coastal Specialists answered:
At this point relative to the change in prices, you may have the financial strength to purchase a single family home. Did you find something wonderful or are you still on the look out?

Warm Regards,

Dustin & Mariya
... more
0 votes 6 answers Share Flag
Sun Dec 30, 2012
Oldfather Group~The Coastal Specialists answered:
Here is a quick update as of 12/14/12 for Homes in the 19971 (Rehoboth Beach/Dewey) Zip Code. Although the averages are down for single family homes overall that is a little misleading as many homes in the luxury market have skewed the numbers. Homes and condos that are turn key are selling with multiple offers and are not staying on the market long. As you can see, the condo market is vastly improved with lender guidelines becoming easier to navigate. Still a great time to buy as there is some shadow inventory expected in the first half of this year, but if you find something pull the trigger. Hope this helps!

Warm Regards,

Dustin & Mariya

AVERAGE SOLD PRICE

Single Family Homes
2009 $644,120
2010 $698,135
2011 $641,001
2012 $614,379

Condos
2009 $354,117
2010 $380,540
2011 $338,361
2012 $347,693
... more
0 votes 5 answers Share Flag
Sun Dec 30, 2012
Oldfather Group~The Coastal Specialists answered:
It all depends on the property but homes are selling at all price points in Bethany Beach and we appear to be in a stabilizing market. We recently had bids on an ocean side listing from a cash buyer who missed out on an Ocean Front property that had multiple offers. In short the market has changed dramatically since 2009.

Warm Regards,

Dustin
... more
0 votes 4 answers Share Flag
Mon Aug 6, 2012
Ral answered:
ummmm Edith... if you think prices are low now, you're going to be stunned over the coming years.


Get what you can get for your house today because it's going to be less tomorrow for many many years to come. ... more
0 votes 3 answers Share Flag
Thu Jul 14, 2011
Frank Mathews answered:
I can do more of a specific search for you, but at this time my contact's indicate $2-$4K.

Frank Mathews
(302) 275-3060
0 votes 1 answer Share Flag
Wed Sep 22, 2010
Steve Wilson answered:
I realize that you are currently in the
information gathering stage, and may not be ready to "open up"
about who you are, or what your needs are at this time. Be
assured this is perfectly okay, and that my staff and I will
completely respect your online privacy.

If you want to e-mail specifics about what you are looking for I can assist.
... more
0 votes 5 answers Share Flag
Sat Jan 16, 2010
Brendan Crotty answered:
Hi ,

If you are still in the market for a home in Bear Trap, now is a great time. Interest rates are at a historic low, tax credit and prices are down make this a great time to buy. Sellers are starting to price their home according to the current market condition and not '04.

Buying or Selling call today.

Brendan Garfield Crotty

(302) 858 - 3234

President Southern Sussex Rotary

E-mail: Brendan@BrendanGarfieldCrotty.com

Website: www.BrendanGarfieldCrotty.com

ResortQuest Real Estate
(302) 541 - 8778
(302) 539 - 8600
33012 Coastal Highway
Bethany Beach, DE 19930
... more
0 votes 2 answers Share Flag
Sun Aug 30, 2009
Annie Powell answered:
Hi Marcus, I am a REALTOR with ResortQuest Real Estate and do the bulk of my business in the Carl M. Freeman Communities of Bear Trap - and Bayside just W. of Fenwick. I am helping a number of sellers in Bear Trap listing their home and I'll tell you what I tell them - a straight answer - I track absorption rates - what has sold in a product/home type and what is on the market to determine months (or years?!) of inventory.

From this review I find many properties at Bear Trap are over priced with respect to this approach. There are good deals out there - but not all properties/sellers have adjusted themselves to the reality of our market.

I think Bear Trap is unique - a completed resort with indoor outdoor pools, dining, tennis, activities, beach shuttle and pretty reasonable HOA fees for all that stuff. It's a class act but not all properties are priced attractively.

If you want to hear more about my review or have me send you the absorption rates for home type feel free to call or email me. Anne Powell 302-541-8897 or apowell@resortquest.com or via my Web site www.AnniePowell.com.

By the way I have the lowest priced end town listed right now - with established rentals - if you want to know the details let me know!
... more
1 vote 6 answers Share Flag
Fri May 15, 2009
Chris Kavanagh answered:
Dear Gmontalto,

I guess that you are referring to the list to sell ratio. Through April it is 93.1% in Sussex County.

Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
... more
0 votes 1 answer Share Flag
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