tr?id=1544995695800423&ev=PageView&noscript=1 Warming Trend - Lee Ann Group
07April

Warming Trend

In the Delaware Beach Real Estate Market

Warming Trend

When it is 50 degrees one day and 70 the next, it must be spring! Can our local real estate market warm up as quickly?  Judging by 2013 activity so far, our forecast is definitely improving.

“The bidding wars are back,” proclaims CNNMoney (April 5, 2013).  Especially in metropolitan areas like New York, Boston, Washington, DC, and cities throughout northern and southern California, sellers are receiving multiple offers on properties.

This national trend is largely a result of an imbalance between buyers and sellers (a much lower than normal number of houses for sale). Additionally, buyers want to take advantage of current low mortgage rates. While spring is usually a popular time for sellers to list homes, this seasonal bump may not balance the scale.

Delaware beach housing inventory levels remain lower than usual, as well.  Demand is exceeding supply, which is creating buyer competition.  Locally, we are seeing a continual rise in multiple offers - especially for beach homes that are priced right and for vacant lots in Historic Lewes.

While the term “bidding wars” may be strong, Delaware beach homes are definitely becoming hotter properties!

Contact The Lee Ann Wilkinson Group of Prudential, Gallo REALTORS for more information about the Delaware beach real estate market and properties in Lewes, Rehoboth Beach, Milton, Dewey Beach, Bethany Beach, and towns in-between.  Call us at (302) 645-6664, email at This email address is being protected from spambots. You need JavaScript enabled to view it., or visit us online at www.leeanngroup.com.

Posted in National Real Estate News, Local News and Information

What our customers think...

We reached out to the Lee Ann Wilkinson Group for an introduction to the Lewes area and housing market - after a chance 'word of mouth' endorsement from a casual acquaintance. Mark Robinson received our inquiry and cheerfully attended to our requests for exploring the Lewes-Rehoboth Beach areas during our summer vacation. On the last day of our vacation, Mark (with the help of Lee Ann Wilkinson) came up with a surprise property for us to view before heading home. Needless to say... it was "the one"! Mark and the team at Lee Ann Wilkinson skillfully listen to your ideas and needs to come up with an exact fit for your lifestyle.

- C. Gardner