Real Estate Information Archive

Ride the Beaches, Bays & Beyond!
Saturday, April 21, 2012
Bethany Beach, Delaware

SOLD OUT FOR 2012!

The Bethany – Fenwick Area Chamber of Commerce is once again holding the Ocean to Bay Bike Tour.  This will be the 23^rd annual ride.  Thousands of cyclists of all ages and skill levels will be participating.  Last year’s event was awarded the 2011 Southern Delaware Tourism recognition Award.

For more information and to register please click here; http://web.bethany-fenwick.org/External/WCPages/WCEvents/EventDetail.aspx?EventID=39, or In-Person: Stop by the Information Center at the Bethany-Fenwick Area Chamber of Commerce in Fenwick Island, Monday through Friday from 9:00 a.m. to 5:00 p.m.

Audrey & Frank Serio, CRS

REMAX By The Sea

300 Ocean View Parkway, Bethany Beach DE 19930

www.TheSerios.com

"Like" us www.Facebook.com/TheSerios

Frank@TheSerios.com

For Free, No Obligation, Updates on New Listings in the Bethany-Fenwick Area go to;

www.ListingUpdate365.com

The Case-Shiller Home Price Indexes fell for the fifth straight month in January with the 10- and 20-city composites each dropping 0.8 percent from December, Standard & Poor’s, which compiles the indices, reported Tuesday morning. The 10-city index slid to its lowest level since May 2003 and the 20-city index dropped to its lowest level since December 2002.

Fenwick Island and Bethany real estate was down 4% in total units sold but on the good side the average sales price was up from $728,444 to $984,597 which could be attributed to several higher end homes that had settled.  The average list price of new listings was down 11% from 2010.

Across the country home prices fell in 16 of the 19 cities studied with Phoenix, Washington DC and Miami the only that showed improvement.  Since January of 2011 the 10 city S & P index fell 3.9% and the 20 city S & P index fell 3.8%.  Denver, Phoenix and Detroit saw and increase.

Real estate prices have also increased in Washington D.C. for seven of the last 10 months.  Hopefully, some of that momentum will help us here in Bethany Beach and Fenwick Island.

However, home prices have fallen month after month in Las Vegas for seven straight months and for 15 of the last 16 months. Real estate prices have also dropped for six straight months in Seattle, San Francisco, Los Angeles, Boston, San Diego, and Atlanta.  San Francisco has seen the sharpest decline of 2.5% then followed by Atlanta at a 2.1% drop in real estate prices.

Atlanta had the overall greatest yearly drop in home prices where home prices were off 14.8% followed by Las Vegas which had a drop of 9% in real estate prices.

Since peaking in June 2006, the 10-city S & P index is down 49.1 percent and the 20-city index which peaked one month later is off 48.6 percent.  Bethany real estate did show improvement west of the canal which was up 3% but the average price fell 10% to $300,766.

Audrey & Frank Serio, CRS

REMAX By The Sea

Frank@TheSerios.com

"Like" us at www.Facebook.com/TheSerios

For free, no obligation updated information on new listings in the Bethany Beach and Fenwick Island area go to www.ListingUpdate365.com. 

Travel & Leisure magazine has named “The Quiet Resorts” of Bethany Beach and Fenwick Island Delaware as one of the Top 15 beaches on Earth.  Yes, that is right, Bethany Beach has been named one of the Top 15 beaches on Earth but it is the only one on the east coast and one of four in the continental US.

David Keeps called Bethany Beach one of the magazines “Favorite Family Beaches.”  David remarked about the nice boardwalk, bandstand, and family atmosphere. 

Bethany Beach and Fenwick Island offer seven miles of beautiful beach for swimming, fishing and relaxing by the Atlantic Ocean.  Nestled between Rehoboth Beach Delaware and Ocean City Maryland Bethany/Fenwick are a perfect getaway.

If you are looking to experience what Travel & Leisure have proclaimed as one the “Best Secret Beaches” on Earth call Audrey & Frank Serio, CRS for all of your Bethany real estate needs.  Audrey & Frank can help you find just the right beach home for your needs.  Visit www.ListingUpdate365.com for a no obligation update of all the active homes for sale in the Bethany Beach Fenwick Island area.

Audrey & Frank Serio, CRS

REMAX By The Sea

Frank@TheSerios.com

www.TheSerios.com

“Like” us at www.Facebook.com/TheSerios

One of the most stressful times for a home seller is when the home is under contract and the time comes for the home inspection.  Buyers today will ask for a home inspection to determine if the home is worth the price they are paying.  Home inspectors will diligently go through the home and prepare a report of the quality of the home and any defects for the buyer.  The buyer then, in most contracts, has the right to accept the report and move forward with the purchase or they can ask the seller to repair those items that need to be fixed.  This can then become a re-negotiation point with the seller.

To alleviate any potential problems with the sale of a home a home seller may want to have their own home inspection performed to identify any potential problems and then have them fixed before they put the home on the market.  This would accomplish two things, one, the home will be in great shape when the buyers’ inspector surveys the home and two, will give the seller peace of mind that the report should be minimal.  The Buyer feels good about the purchase and the Seller can relax and move forward with the sale of their home.

A good question a home seller can ask themselves is, “Am I confident in the condition and quality of my home?”  If they are not extremely confident, a pre-home inspection would be a good idea to position their home on the market as a good, sound buy.

Audrey & Frank Serio, CRS can assist you with any questions you may have when selling your home in the Bethany Beach, Fenwick Island Delaware resorts.

To receive a free, no obligation update on new listings in Bethany Beach/Fenwick Island Delaware please go to www.ListingUpdate365.com. 

Audrey & Frank Serio, CRS

REMAX By The Sea

Frank@TheSerios.com

www.TheSerios.com

“Like” us on www.Facebook.com/TheSerios

Follow us on www.Twitter.com/FrankSerio

March Madness is always an exciting time of the year.  Any team can, on any given day, beat a higher seeded team.  We have seen this to be true again this year.

The excitement and madness could be felt this weekend in the resort.  Visitors and locals alike were celebrating St Patrick’s Day and enjoying March Madness with friends.  Bethany Beach, Fenwick Island, Rehoboth Beach and Ocean City were packed.  While the weather was nice we did have a bit of a marine layer come in to keep a bit cooler than inland but that is part of living at the beach.

And living at the beach was what many buyers were looking to do.  While sales have been slow we are feeling more buyer confidence in buying a second home here is the “Quiet Resorts.”  Buyers are discovering that prices are about as low as they are going to go and the interest rates are at historic lows.  Time is now to buy.  We have a good selection of beach homes to choose from and there are good buys to be had.

If you have any questions or have been thinking about buying your dream beach home give us a call, Audrey & Frank Serio, CRS.  We can help you find the right beach home for your needs.

Audrey & Frank Serio, CRS

REMAX By The Sea

Direct: 302.537.3171

Office: 302.541.5000

Bethany Beach, Delaware

email: frank@theserios.com

Like us at www.FaceBook.com/TheSerios

www.realestatebethanybeach.com

Rich Bloch, prominent attorney/arbitrator and world class magician, was just one of five stage magicians nominated for the coveted 2012 Stage Magician of the Year.  The winner will be announced Sunday, April 1, in Hollywood, California at the Saban Theatre.

“I am honored to be considered again and to have fortified my position as the Susan Lucci of magic” Bloch said.  Bloch has been nominated seven times before.

Find out when Rich will be performing at the Dickens Parlour Theatre in Millville, Delaware just a couple miles west of Bethany Beach by visiting his website, www.dptmagic.com.

Audrey and I wish Rich the best.

Audrey & Frank Serio, CRS

REMAX By The Sea

Bethany Beach Delaware

"Like" us at  www.fb.com/TheSerios

www.TheSerios.com