Delaware Beach Real Estate Blog

Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the Bear Trap real estate market remains firm as we continue to experience very limited inventory.


A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please call our Bear Trap Expert, Gail

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The Chesapeake Utilities Corporation recently announced plans to expand the company’s natural gas pipeline to the Fenwick Island area. The 6.3 million project would extend service from the existing pipeline near Roxana to an area along Route 54 and east to Fenwick Island towards the Delaware/Ocean City, Maryland border.

Pending final permits, the pipeline would be approximately 6 miles long and would serve over 6,500 homes and dozens of area businesses.  Construction is estimated to be completed by the end of 2022.

Please view more information here .

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Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the beach real estate market remains firm as we continue to experience very limited inventory amidst rising interest rates.   

   

A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please

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The Delaware Department of Nature Resources and Environmental Control (DNREC) is assessing damage to the Delaware beaches following the recent weekend coastal storm which impacted the area with flooding and high winds.  While the clean up efforts may take several weeks, dump trucks are already starting the process of bringing in sand at the Indian River Inlet.  DNREC is working along with local authorities to help make access to the beach safe for the upcoming Memorial Day holiday weekend.

For more information, please view the article from WRDE  here .

 

 

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Happy Spring!  As we look back on the first 4 months of the year, the Ocean View real estate market has remained strong. 

A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please give us a call: (302) 541-5207.

 

 

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The Millville Boardwalk has announced the completion of its highly anticipated expansion just in time for the 2022 season!   The improvements include the addition of 10,000 square feet of boardwalk space, expanded seating areas, a new stage for live entertainment, the Horseshoe Hut snack bar and new vendor kiosks. These expanded offerings will join the boardwalk’s established family attractions including the Lighthouse Beach Mini Golf, Captain’s Quarters Arcade, and The Agape Creamery.

The Grand Re-opening is scheduled on Friday, May 21, 2022 and will kick off the summer season with a day full of festivities including a ribbon cutting ceremony, great food vendors and a special attraction featuring “The World’s Biggest Beach Ball Pit”.

For more

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Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the Sea Colony real estate market remains firm as we continue to experience very limited inventory amidst rising interest rates.     

 

A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.  

If you would like to discuss the market in more detail,

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Happy Spring!  As we look back on the first 4 months of the year, there was a slowdown in total sales, but the beach real estate market remains firm as we continue to experience very limited inventory amidst rising interest rates.      

A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.   

If you would like to discuss the market in more detail, please give

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Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the beach real estate market remains firm as we continue to experience very limited inventory amidst rising interest rates.      


A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please

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Happy Spring!  As we look back on the first 4 months of the year, there was some slowdown in total sales, but the beach real estate market remains firm as we continue to experience very limited inventory amidst rising interest rates.  

   
A positive piece of news for real estate that we are watching closely is the Delaware legislation recently introduced that would reduce the transfer tax by 1%, effective for transactions recorded after July 1, 2022.  This would bring the total tax back to 3% vs. 4%.  Typically, this expense is split between the buyer and seller at closing.  While not yet in effect, we are encouraged that this bill will be passed and we will keep you informed.      

If you would like to discuss the market in more detail, please

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