Delaware Home Prices Stay Steady Despite Market Trends
Looking for terrific deals on new homes in Delaware? There’s good news: prices for Delaware housing have remained consistent, despite market trends across the country. According to CoreLogic – a real estate analytic corporation – the recent economic rebound has boosted home prices in 47 states across the country, but Delaware is not among them. Following the burst of the U.S. housing bubble in 2007, home prices fell drastically across the board, and reached all-new lows by 2012. This year has witnessed a real estate rebound with median house prices rising more than 10 percent since February of last year. Industry experts speculate that the nation’s housing market is on the road to recovery, and now could be the ideal time to purchase your dream home in one of the most sought after master-planned communities: Darley Green.
Houses for sale in Delaware: real estate market trends
Sean Casey, a Newark real estate agent, commented that Delaware housing prices are also directly affected by the state’s unemployment rates. Casey points out that as these rates decline, the demand for houses for sale in Delaware will go up. Unlike the majority of states, Delaware experienced one of the nation’s smallest drops in real estate values in 2007.
Casey said “The highest appreciations in homes currently are in some of the markets that also had some of the highest depreciations then.” He added that he’s very optimistic about the future of Delaware’s housing market, as he views these moderate economic highs and lows as an advantage, as the state never suffered the extreme setbacks of the market decline as most states have for the last 5 years.
For homebuyers in the Philadelphia and Delaware area, this news is encouraging on a number of levels, and may spark more to consider the great housing deals on offer in developments like Darley Green. Thoughtfully designed by the Montchanin Builders, this master-planned community is situated five minutes from downtown Wilmington, with quick access to I-95, the Claymont commuter train and the SEPTA R2 line. Homeowners are 20 minutes from Philadelphia and close to a range of historic and cultural attractions along the northeast corridor.
New townhomes in Delaware offer more for your money
Boasting below-market prices starting in the low $200’s, Darley Green features new townhomes in Delawarewith all the high-end finishes and luxurious details you could ever want. Think oversized closets, gourmet kitchens, energy-efficient appliances and heating, along with professional landscaping throughout the neighborhood. At Darley Green, you’ll never have to rake autumn leaves or shovel snow, as all the maintenance is included. Offering onsite jogging trails, shops within walking distance, and a brand new library, Darley Green feels like an old-fashioned neighborhood, but with tons of modern conveniences. And the recent metamorphosis of the Wilmington riverfront means residents are just minutes away from fine dining, theater, sports events and other outdoor attractions.
Swing by Darley Green today and see your future home! Visitors are welcome to see our model homes daily from 11 AM to 6 PM. For information about our special programs for first-time homebuyers, please call Amy Maluski, Community Sales Manager, at 302.655.2600.