The Spring Countdown in ON
Here at the beach, as soon as the holidays fade, we start counting down. Spring is only 4 weeks away, but our local weather often has us skipping right to summer! Yet even with the ‘wintry mix’ of a pandemic and recent icy weather, the real estate market has remained unbelievably strong. I cannot stress exactly how strong.
I have been fortunate to be involved in the majority of the property sales in the Lewes & Rehoboth Beach areas for over 3 decades, but I have truly never experienced a market like this one.
Our sellers are receiving multiple offers within days - sometimes hours - of their homes being placed on the market, and in many cases they are selling for over the asking price.
Last weekend, we scheduled nearly 20 showings for one of our new listings in Rehoboth Beach Yacht & Country Club the first day it was in the MLS.
And homes throughout Coastal Delaware, at all price points, are in high demand. Homes in Peninsula Lakes, Retreat at Love Creek, Beachaven, this list goes on...received contracts practically immediately last week.
Not surprisingly, this market has created record-low inventory – and this is always to a seller’s advantage.
If you have any interest in selling your home, now is definitely the time.
Reasons for our current market conditions include:
- Record-low interest rates for home financing
- Counter urbanization - people from larger cities starting to flock more towards rural and “off the beaten path” locations (like Southern Delaware)
- More remote work environments
- Sussex County’s ever-low property taxes
The Lee Ann Wilkinson Group is ready to assist:
#1 Real Estate Sales Team in Sussex County for over 20 Years
#3 Nationally within the Berkshire Hathaway HomeServices network
439 Homes Sold in 2020 - more than a house per day!
Professional Photography, Videography & Staging
Conscientious & Well-Informed Buyers’ Agents and Support Staff - with a proven high success rate.
Largest established referral network of present and past Delaware real estate clients
Unparalleled, proven negotiation skills working for you!
Today’s buyers are well-qualified and ready to purchase. If you have an interest in selling now or at some point in the future, or even if you are just curious about the current value of your home, please reach out to us!
We will meet with you in-person with Covid-safe practices or virtually - whatever suits your needs.
Looking forward to getting out in the sunshine soon...Only 99 days until Memorial Day Weekend starts!