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Articles tagged with: Delaware

08June

Summer Is Coming!

On our “beach calendar,” the summer season starts on Memorial Day.  Schools still have a few more weeks of classes though and the true, official start of the season is a little later in June.  If you are looking to sell a home, now is definitely the time to make sure everything is in good shape.  Here are a few tips to consider:

1.      Price: Make sure your house is priced accordingly if you want to sell quickly. 

2.      Disclosure: When listing your house with a Realtor, you will be asked to complete a standard Delaware “Seller’s Disclosure” form.  Taking time to review and check every box will expedite your sale immeasurably and save you time and frustration once a contract comes in.

3.      Flexibility: Consider some things you may compromise on, and know the absolute lowest price you would entertain.  Also, consider negotiating housewares and fixtures that may appeal to prospective buyers, such as new drapes, custom blinds, that stylish dining room chandelier, even a new washer/dryer. 

4.      Clutter:  A spotless, clutter-free home shows best.  Remove any unnecessary papers and knick-knacks, then go back and do it again!

5.      Incentive: If you are highly motivated and your house is not garnering the attention you expect, or if there is high competition in your neighborhood, consider offering an incentive like sharing the buyer’s closing costs.

6.      Maintenance: Keeping your lawn cut and neat and allowing as much access as you can for showings will help your sale, too.  It is a little tough this time of year if you entertain family and friends, but it will help during this prime buying season. 

Lastly, and most importantly, enjoy your summer at the beach!

Posted in Lewes Real Estate News

01June

Canalfront Property for All!

"Picnic in the Park" Returns Sunday, June 2!

There is no denying that much of the famous Historic Lewes charm flows from the picturesque Lewes-Rehoboth Canal.  Historically, the waterway was a central source of livelihood for early Lewes.  Now, the canal still provides unbeatable views of sunrises, sunsets, as well as increasing shopping and dining opportunities.  Canalfront property is a hot commodity.

The Lee Ann Wilkinson Group is happy to feature two premier properties currently on Pilottown Road:

314 Pilottown Road

344 Pilottown Road

(Please check out these links for more information!)

Over the past few years, since the creation of The Lewes Canalfront Park, all residents and visitors in Lewes share in some “canalfront property.”  Situated right next to the Lewes Little League Field, the park offers recreation and hosts great events throughout the year.  I have already made Soul Yoga in the Park on Sunday mornings part of my routine this summer – a peaceful way to enjoy the view.

This weekend, Sunday, June 2 from noon – 3 p.m., the Friends of the Lewes Canalfront Park, with the help of local restaurants and business sponsors, are bringing back the popular Picnic in the Park!  Tickets are still available through the park’s website:www.lewescanalfrontpark.org/events.  Last year’s event sold out!  

Adult entrance tickets are $10. Tickets for kids 12 & under are $5. Food and drink tickets are sold separately at the event; tickets are $2 each depending on the food/drink option.


The Lee Ann Wilkinson Group is proud to be among the great sponsors of the Picnic in the Park – other local businesses that love the opportunity to enjoy the best waterfront property in town!  Join us on Sunday.

18May

First "Sign" of Summer

The Yard Sale Sign!

Everyone has a unique way of marking the start of summer at the beach.  Ice cream shops are opening, favorite restaurants start serving 7-days-a-week, pools open, Memorial Day comes with barbeques and picnics.  For the past 27 years, the REAL sign that summer is on is the Annual Memorial Weekend Jefferson Avenue Yard Sale! It’s true!

Of course, Jefferson Avenue is in good company.  Yard sales have already started; you’ll see signs this weekend throughout Lewes, Milton and Rehoboth. Typically they start at 8 a.m. and you may see early birds cruising past to try to catch a sneak peek.

Next weekend, Saturday, May 25, you will need to get up early to catch the undoubtedly great finds on Jefferson Avenue. 

In addition, you can drive down Gills Neck Road, through Wolfe Pointe and Wolfe Runne, down DeVries Circle, and throughout Lewes (forgive me if I’ve missed anyone) to find your own treasures.

Even if “Antiques Roadshow” isn’t in your future, there’s always one gem among the yard sales that makes getting up early on a Saturday worthwhile. 

And if you still don’t find it – head over to the Farmer’s Market!

Posted in Local News and Information

10May

Treat Mom to an Open House!

Nothing says, "Happy Mother's Day" like a Lewes Beach house...or a ride on the Paratrooper!

Finally! After a fickle spring, it's going to be a warmer Mother's Day Weekend! Especially when the weather's this nice, there is so much to do at the beach.

It’s the “first” weekend for several local traditions, including the Historic Lewes Farmer’s Market and the opening of Funland on the Rehoboth Boardwalk.  Stroll the Rehoboth Beach Second Saturday Art Walk – even stop into Heidi Lowe Gallery on the Avenue and make a Mother’s Day charm. Sunday, the Lewes Canalfront Park opens its wonderful program season with free Soul Yoga at 8 a.m. Of course, this is just a small sample of what’s in store this weekend. 

I hope you enjoy your own spring Mother's Day traditions, whether with your mother or in memory of your mother.  I am looking forward to my annual brunch!

If you have time to enjoy a Saturday drive, stop by one of the premier properties on Lewes Beach.

11 Maine Avenue, Lewes Beach

Open House on Saturday, May 11

12 - 3 p.m.

Year-round home sits on premium, sub-dividable double lot! This home was originally a Coast Guard Boathouse which was relocated to Maine Avenue circa 1957. Lot has 100’ frontage on Maine Avenue 144’ on Cedar Avenue. Potential for unlimited views of Delaware Bay, Inlet and Canal!

For more information about this great home, or any other property at the Delaware Beaches, please contact The Lee Ann Wilkinson Group by email at This email address is being protected from spambots. You need JavaScript enabled to view it., by phone at (302) 645-6664, or visit our website at www.leeanngroup.com.

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Posted in Local News and Information

04May

Buyer's Market, Seller's Market, Farmer's Market

All of our local markets are blooming this year!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It is the season of "market" speculation.  Excitement is building for local businesses, home sellers, even local growers. To get ready for summer, I am still looking at several main factors:  low housing inventory and local new construction trends. (I won't try to predict the weather!)

 

Taking Inventory

Industry speculation is consistent with what's happening locally and “inventory” is the buzzword.  Nationally and locally, inventory levels are historically low.  "Inventory level” means the time it would take to sell all of the homes currently available for sale.  The National Association of Realtors (NAR) considers six months to be the norm.  As of January 2013, however, NAR data put inventory levels closer to 4.2 months – which is the lowest rate nationally since April 2005.

Our local market definitely supports this low inventory scenario.  To put this information context, in my office at The Lee Ann Wilkinson Group of Prudential, Gallo Realtors, actual property sales increased 43 percent and the total dollar value of these sales increased nearly 33 percent last year.  Buyers are still cautious and believe it is a “buyer’s market.”

The market is actually evening out – which means buyers will need to be more open to negotiation.  We have even seen a noticeable increase in multiple offers on properties (especially in-town Lewes).  We even had a home listed, shown and sold - in the same day!

Here are a few key points to remember: 

  • We are not going from a low market to a high market in one step.  We went down in steps, so we will have to go up in steps.
  • Appraisers are required to use no more than the past 6 months sold comparable properties to determine a value today.
  • If you want to sell your house now, you need to sell it for what it is worth now.

 

If You Build It

Another major component of this season’s beach real estate trends is new construction.  My office has seen an increase in the past month in inquiries from developers and builders that want to start projects.  In its March 1, 2013, press release, the U.S. Census Bureau put January 2013 seasonally adjusted construction rates at $883.3 billion, or 7.1 percent above the January 2012 estimate of $824.7 billion.

While new construction may be on the rise in general, I feel strongly that the biggest segment to dry up here at the beach will be individual single-family home lots with no builder tie-in (ones for which you could hire any builder to build your custom home).  As fewer lots are available, prices will rise.  If you are a buyer who wants to build a custom home, my best advice is to buy a lot soon.

In addition to the low inventory climate, our area business owners are anticipating a busy summer.  Hopefully the national economic forecast and seasonal weather forecasts will align for a great summer season!

 

"Market Growth"

Of course, another market consideration is next weekend's opening day for the Historic Lewes Farmer's Market (Saturday, May 11)! Join just about everyone in town at The Lewes Historical Society between 8 a.m. and noon next Saturday. As far as projections for that market - it's an easy one to call: it will be exciting for buyers and sellers, and a great kick-off for summer!

 

Lee Ann Wilkinson is the top-selling REALTOR in Sussex County for 2012.  Find more information about The Lee Ann Wilkinson Group of Prudential, Gallo REALTORS at www.leeanngroup.com or by calling (302) 645-6664.

07April

Warming Trend

In the Delaware Beach Real Estate Market

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

07March

After the Rain

Check your home for storm damage

Home Sellers (and everyone!): Check your Home for Storm Damage

Yesterday's crazy weather brought big rain and wind storms that damaged houses throughout the Northeast. After any "weather event," home sellers should take a close look at their properties for storm damage and make repairs.

When we experience a powerful storm, it’s a smart idea to check your roof for any damage and ensure there are no missing shingles or cracks around any skylights the home may have. Climb into your attic and look for discoloration of the decking or plywood surfaces.

Also look for light penetrating from around plumbing vents or the chimney, indicating that your roof’s flashing needs repair.

Next, inspect your rain gutters for damage and clear them of leaves and debris. BE CAREFUL on any ladders!  Look for holes, cracks or sags; all three can be easily fixed by a homeowner. (To fix a small hole, first use an abrasive pad to clean the area, then cut a piece of gutter material slightly larger than the hole. Using a stiff brush, spread gutter-repair compound around the hole and place your patch over the top. Cover the patch with another layer of compound to ensure a good seal. To repair minor sags, simply add a new hanging bracket to the sagging area or replace the compromised existing bracket.)

Pay particular attention to areas of your home near trees and shrubs. Limbs can play havoc with your roof, siding and stucco in heavy winds, and can come crashing down under the weight of snow. Prune your trees and shrubs to ensure their health and to safeguard your home.

Finally, be sure to inspect your windows, fencing, decking, which also take a beating in storms. Seal and repair any damage.

Sometimes storm damage is unavoidable. But making quick repairs can help ensure your home is safe, sound, and ready for sale.

 

Posted in Local News and Information

19February

Rehoboth's Year in Real Estate

Even though the boardwalk and downtown are less crowded during the winter, Rehoboth real estate definitely remains active.  The Lee Ann Wilkinson Group at Prudential Gallo, REALTORS is active in Rehoboth, too.  For over a decade, The Lee Ann Wilkinson Group has been the #1 sales team in Sussex County – more than doubling the sales volume in units sold of our nearest competition last year

Local inventory (the number of houses on the market) is historically low.  For any reader considering selling or buying a property in any of Delaware’s beach communities, now is a great time.  My team and I are ready to assist you. We know Rehoboth, Lewes, Milton and surrounding area beaches – and we put our collective knowledge to work for our clients to achieve “Superior Service & Outstanding Results.” 

Click below to find the statistical information we have compiled about several of Rehoboth’s neighborhoods:

Canal Corkran

Country Club Estates

Kings Creek Country Club

Rehoboth Beach Yacht and Country Club

North Rehoboth

South Rehoboth

Posted in Rehoboth

14February

What's Not to Love?

Be Still My Heart - and the Rehoboth Beach Boardwalk!

What

Posted in Rehoboth

14February

Looking at 2012

Superior Service, Data-Driven Results

I always find value in looking at the big picture.  Further, my priority remains to provide useful information for both buyers and sellers.  One way I do both is by preparing my annual statistical newsletter.  At a glance, you can see our local market trends: the real estate transactions in our area over the past year, the significant Prudential Gallo market share, along with the list price, sale price, and number of days on the market for each property. 

I can't stress enough how grateful The Lee Ann Wilkinson Group is to our clients for making 2012 another remarkable year.  In fact, it was my best year ever as a Realtor in terms of number of transactions (representing buyers, sellers, or both in the same sale).  My team brought together 270 buyers and sellers, which is a 40 percent increase over 2011.  Actual property sales increased 43 percent and the total dollar value of these sales increased nearly 33 percent.  I credit this success to my team’s collective experience, intuitive knowledge of the area, and unparalleled dedication to customers.      

As many of you already know, 2013 is starting out strong and average home prices are inching up.  It may take a little while to get to more significant price increases; however, the relatively low inventory continues to increase prices.  If I were a seller (which I was last year!), I would have renewed confidence that 2013 is on the right track.  If I were a buyer, I would strongly consider making a move this year, before prices and interest rates rise.

Take a look for yourself - and as always, let us know if you have any questions about the value of your property.

Posted in Lewes

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