Articles tagged with: labor day

31August

Make Labor Day the Beginning!

Labor Day is usually considered a bookend to summer, but it doesn’t have to be. (For the record, summer technically lasts through Friday, September 21!) Plus, fall really is a great time of year to explore your options for living at ‘the beach’ – which is a broad umbrella term for living where you can easily enjoy access to the perks of beach life. Summer rentals can sometimes make showings challenging to see investment homes and condos for sale, so fall is a bit more flexible all around. 

Locals generally do not want to give away our secrets, but I will tell you that fall is absolutely the best time of year at the beach for so many reasons. Restaurants offer specials and the weather is still great.

Whether you want to sell it all and move from the city to the beach year-round, or if you want to explore a second home for your own getaway or to use as an investment property, there is overwhelming opportunity to do so. And with Maryland’s recent expansion of Route 404 from two lanes to a four-lane divided highway from US 50 to the Denton Bypass, your “road not taken” for fear of traffic just opened up to you!

While traditionally Route 50 led you to Rehoboth Beach as the main destination in “Our Nation’s Summer Capital,” we now actually cast a wide net to include Dewey, the Indian River Inlet area and Bethany to the south, and increasingly Lewes and Milton to the north. Rehoboth Beach has the envious draw of the Atlantic Ocean, boardwalk, beautiful beaches, shopping, dining, and nightlife. But these amenities are accessible from several different communities. When you are searching online for “Rehoboth Beach,” consider broadening your search to include Lewes and Milton.

Both historic towns, Lewes and Milton have been around – well, since the beginning of Delaware! – and have hosted generations of beach lovers. Increasingly, both towns are expanding culinary and shopping options to rival Rehoboth’s great restaurants. At least so far, home prices in these areas have not caught up to Rehoboth Beach. Simply put, you can get more for your money while still enjoying the array of beautiful natural destinations like Cape Henlopen State Park, where the Delaware Bay meets the Atlantic Ocean and which is now connected to Gordon’s Pond in Rehoboth Beach via a five-mile scenic bike trail; Prime Hook National Wildlife Refuge in Milton; Lewes Beach on the Delaware Bay; the scenic Lewes-Rehoboth Canal and Broadkill River. The season is unbelievably long here for biking, hiking, kayaking, paddle boarding, bird watching, surfing, crabbing, fishing, and basking in the serenity of beach life.

The appeal of Coastal Delaware is undeniable – but what about the prices? I’ll leave DC real estate to the DC experts, but it is fair to say that house for house, living at the beach is less expensive, especially when you factor in our low property taxes, and investing here is definitely something to consider with your financial adviser. Our clients are a mix of retirees who are moving here full-time or selling a current house here for another (either smaller or closer to downtown); second home buyers who plan to retire here in the future; and increasingly families and couples who look at newer construction neighborhoods in and around Lewes, Milton, and Rehoboth.

As a point of comparison, beachfront property in Rehoboth Beach, depending on the home, is typically in the $4M+ range. We listed an unprecedentedly priced home in Lewes this year for $4.5M; however, we also have beachfront homes in the $2.5M range and one block off the beach can go for $1.5M and less. Lewes is home to several new construction communities which will offer homes in the $500-600Ks. And Milton, just a few miles north, features communities from the high $200Ks to $400Ks. 

Medical facilities and specialties continue to expand here to include a cardiovascular specialty at Beebe Medical Center and a brand new hospital north of Milton in Milford. Our school district is booming and has updated the high school, is replacing the outdated elementary schools and has added an additional one, and is adding a new middle school. The longtime question of “will I be able to live year round at the beach?” can be answered with a resounding “yes,” and you can even still enjoy an often solitary walk on Lewes Beach in the morning. 

Labor Day doesn’t have to be the end of summer!

Posted in Local News and Information

30August

New Visitor to Delaware? Make Labor Day a New Beginning!

Summer may be fleeting, but enjoying the beach doesn’t have to be! On the heels of another great Rehoboth Beach season, hopefully you are planning more fall excursions to enjoy celebrations like annual fall sidewalk sales, tons of 5Ks, the famous Jazz Festival, Sea Witch, and many more.

Fall is also the best time of year to shop for real estate! Up to 75 percent of sought-after in-town inventory within Rehoboth’s City Limits hits the market from mid-August through September, mostly due to the rental market cycle.

How hot is the market now? As a point of reference, earlier this week (as of August 30), there were 78 condos and single family homes for sale in-town Rehoboth, ranging in price from $325,000 to over $4M – depending on the type of property, size, condition, amenities and location. An average “in-town” price is $1.5M for a single family home. You can take advantage of this wide range of options (like our famous local Joe Biden recently did)!

Comparison Shopping

Downtown Rehoboth offers unquestionable appeal with walk-ability, restaurants, shopping, and some of the best beaches in the country. But good news! If these factors are on your list of “Must Haves,” and you want to stay within a tighter budget, you have even more options if you cast a wider net.

The Delaware Beaches extend well beyond the Rehoboth City Limits. You can stretch your dollar if you venture even a few miles north. Five miles puts you in Downtown Lewes and another ten puts you in Downtown Milton – and there are many great communities and options in-between.

Downtown Lewes offers an eclectic blend of charming historic architecture and some brand-new construction, albeit on a much smaller scale than Rehoboth. Lewes was long considered the “year round” town; although that’s changed with more businesses staying open longer in Rehoboth as more people have moved to the area full-time. And much of Lewes East of Route 1 offers easy access to the quiet Delaware Bay Beach. One major recent asset is that the Junction and Breakwater Trail (which starts at the new Lewes Library) and the Gordon’s Pond Trail (between Cape Henlopen State Park and Gordon’s Pond) now connect Lewes and Rehoboth Beaches. Your budget can stretch a bit more in Lewes - and you still have easy access to Rehoboth.

And if you are willing to go another five miles north, Milton and its surrounding communities offer tremendous value, compared to Rehoboth and Lewes, offering increasing dining options and gems like its renovated Milton Theater and Dogfish Head brewery (to name only a few).

So how much do prices vary, really?

Note: due to our unique and often varied zoning, two homes on the same street can vary widely in value.

  • Downtown Rehoboth Beach: condos fall in the $300-400K range, a quaint cottage in North Rehoboth can fetch $850K, beach block property garners nearly $1.6M, and totally renovated homes in the beach block are listed at $2.5M. Oceanfront studio apartments are selling in the mid $300s and 2+bedroom beachfront condos are listing at $750K+. If you want 3+ bedrooms facing the ocean, be prepared to spend $1M+. In-town living is among the most expensive around – and can reap the largest rewards in rental income.
  • Residential/country club communities near Rehoboth: from $600K - $900K for a traditional four-bedroom home and $1-$2M for a waterfront property
  • Historic Downtown Lewes: average home price in-town is around $500K, inching up to $600s - $900K+ on Lewes Beach, and includes some new construction communities. Currently, there are 61 properties listed for sale in the Lewes City Limits, which includes Lewes Beach
  • Lewes beachfront community: ranges from $600K - $1.2M a few lots back to $2M bayfront – which is about half of what you would pay for Rehoboth beachfront
  • Adjacent to Lewes: Residential communities along Gills Neck Road offer newer construction and amenities like pool and tennis and start around $600K and go up
  • Five Points (still East of Route 1): Town Center style living with grocery shopping and community amenities condos start in the low $200s, town homes in the low $300s and single family homes at $400K
  • Historic Downtown Milton: average in the low $300s for a turn key historic home, and low $200s for something that might need a little TLC
  • Adjacent to Milton: communities along Cave Neck Road average in the high $200s to high $300s, depending on square footage

This is just a glimpse of the many real estate options available at the Delaware Beaches. The bottom line is that now is the perfect time to shop in Rehoboth and surrounding areas with a great selection of condos, cottages, new construction, historic homes, and more.

Call us and make this Labor Day the beginning of your endless summer at the beach!

07September

Happy Labor Day!

From all of us at The Lee Ann Wilkinson Group, Happy Labor Day! We hope you are enjoying well-deserved rest and relaxation today. 

Summer isn't over yet, but we are looking forward to ushering in the best-kept secret at the beach - gorgeous weather and less-crowded beaches. 

 

If you are thinking of making a move, either buying a home to join us all year or selling a home, please give us a call at 302.645.6664. It's our favorite time of year and still a great time to get your toes in the sand!

Posted in Local News and Information