Jay Lesko | Iron Valley Real Estate at The Beach Blog

Tuesday, August 17, 2021   /   by Jay Lesko

Rehoboth Beach Summer Market Overview

Rehoboth Beach, Delaware is a wonderful place to live if you like the ocean, sandy beaches, people, and fun. When it’s cold, you can be alone with the water, being soothed by its sounds and repeating waves. When it’s warm, you can indulge in entertainment along with the tourists from all over the country pouring in.
If you consider buying property in a city with access to the ocean, Rehoboth Beach is the way to go! But before making a decision, you should find out about the market value of real estate there and get professional advice.
The market was shaken by the pandemic. So, nowadays, we gather the pieces and finally see positive changes. People are buying, the prices establish (even though they get higher), and you have all the chances to find a perfect match.
First of all, let’s see all the necessary time and price-based statistics about real estate in Rehoboth Beach, Delaware. Then, we’ll get a bit more familiar with the town itself.

Rehoboth Beach H ...

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Tuesday, August 17, 2021   /   by Jay Lesko

Ocean City Maryland is Top for Vacation Homes

Houses for Sale in Ocean City MD Here
Statistics on vacation home sales have been unprecedented, and the gains have continued into this spring — even after most pandemic-related lockdowns and restrictions have ended.
Vacation home sales are especially strong in the most popular regions, in vacation home counties, which the National Association of Realtors defines as counties where at least 20% of the houses and condos are seasonal, occasional or recreational use. Vacation home sales in those 145 counties have risen 24.2% in the past year.
From January to April 2021, the share of vacation home sales compared to total existing home sales climbed to 6.7%. Overall vacation home sales are up 57.2% in the last year, compared to 20% annual growth for all existing home sales.

Homes for Sale in Ocean City MD here
NAR has compiled a list of top vacation home counties, and two are in Maryland: Garrett and Worcester counties.
“That is the county where you have Ocean Ce ...

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Tuesday, August 17, 2021   /   by Jay Lesko

Ocean City Maryland and Delaware Beach Homebuyers

Houses for Sale in Ocean City MD Here
The pandemic fueled a surge in vacation homes sales nationwide, and Maryland and Delaware’s Eastern Shore beach communities have been among those spots. But there has been a change in who the typical buyer is.
Long & Foster Real Estate Inc., whose Maryland and Delaware Group sold 749 properties worth $186 million last year, ranking it No. 1 in Maryland for sales, said there has been a reshuffling of buyers. Many are coming from the Northeast, particularly the New York and New Jersey areas.
They are buyers with remote work-friendly jobs, and they are attracted to the area, not just because the beach communities are nice, but because the cost of living is lower. And because taxes are lower.
“People from New Jersey or New York will call me, and they’ll ask about a property in Delaware. And when they call me, they say ‘What you have listed is the taxes per month, right?’ And I say ’No, that’s the t ...

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Monday, August 16, 2021   /   by Jay Lesko

Ocean City, Maryland Summer Real Estate Market Overview

Ocean City, Maryland Summer Real Estate Market Overview
Houses for Sale in Ocean City MD Here
Choosing the right timing for buying or selling a house is one of the determining factors of a deal’s success (for you, of course). By buying property randomly, you increase the risk of paying up to 50% more than you would have if the deal was closed a couple months later.
When talking about Ocean City, Maryland, property there is in demand due to the location of the city. Having a house in a location with access to the ocean is a huge advantage, no matter if you’re going to live there yourself or rent to visitors.
To make the research easier for you, we’ve gathered some data on the summer real estate market overview for the location. You’ll see the current prices and compare them to the ones in 2020. After the main data, we’ll share some recommendations on closing a successful deal with the help of professionals in the real estate industry.
Ocean City, Maryle ...

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Monday, August 16, 2021   /   by Jay Lesko

Lewes, Delaware Summer Real Estate Market Overview

Lewes, Delaware is considered the first American town. Living there can become a dream if you like serene locations and lots of fun in summer. Ocean views, ergonomic house design, kind neighbors, engaging museums, and delicious food are all there.
But first, you need to know what’s the real estate market there, right? Let the following data be your first step towards the choice of a perfect house that you will, hopefully, call home soon.
Houses for sale Lewes DE here
Lewes, Delaware Real Estate Market Overview, Summer 2021
You can always find up-to-date information on the website of the US Census Bureau and reliable listing services. The information below will showcase a 6-month range (till July included) of listings, prices, and trends.
The data is provided for reference. Make sure to contact a professional real estate agent before making a decision to buy a house. This will save money, effort, time, and allow you to choose the most suitable location!
Homes for Sale Lewes e ...

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