Delaware Valley Real Estate - OnPoint with Letitia Stevenson

Has There Ever Been a Better Time to Buy a Home?

(Delaware Valley Real Estate - Northern Delaware)

While Northern Delaware (Wilmington DE-MD-NJ Metro Area) house prices have declined since the peak of the market (down 13.74% since 2006*), prices have appreciated over the past ten years (up 58% since 2000*) and housing (in my opinion) has become the most attractive asset class in America, especially for investors, as well as, home buyers looking to stay put for a while.

You may be asking yourself: "Has There Ever Been a Better Time to Buy a Home?" Well, there is a time for everything, including buying a home. But how do you know if the time is right for you? In the Fall/Winter 2011 issue of The Chairman's Report (Northern Delaware Edition), Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS, looks at several ways of answering this question using regional market trends.

*Source of Above Data: Case-Shiller Home Price Index. Single-Family Aggregate Index, 2000Q1=100), SA (Wilmington DE MD NJ Metro Area Counties: New Castle, DE, Cecil, MD, Salem, NJ). 

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Other Related Article(s):

• It's Time to Buy That House

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Has There Ever Been a Better Time to Buy a Home? (Delaware Valley Real Estate - Southeastern PA)

While Southeastern Pennsylvania house prices have declined since the peak of the market (down 7.15% since 2006*), prices have appreciated over the past ten years (up 71% since 2000*) and housing (in my opinion) has become the most attractive asset class in America, especially for investors, as well as, home buyers looking to stay put for a while.

You may be asking yourself: "Has There Ever Been a Better Time to Buy a Home?" Well, there is a time for everything, including buying a home. But how do you know if the time is right for you? In the Fall/Winter 2011 issue of The Chairman's Report (Southeastern Pennsylvania Edition), Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS, looks at several ways of answering this question using regional market trends.

*Source of Above Data: Case-Shiller Home Price Index. Single-Family Aggregate Index, 2000Q1=100), SA (Philadelphia Metro Division PA Counties: Bucks, Chester, Delaware, Montgomery, Philadelphia). 

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Other Related Article(s): 

• It's Time to Buy That House

Share Your Thoughts in the comments section below!

304 Charleston Dr Wilmington DE 19808 (SOLD)

Limestone Hills (Elsemer/Newark/Pike Creek)

Main Features:

Status: SOLD (60 DOM) 

 List Price: $382,500

MLS Number: 5876690

 Type: Single Family Home | Sq Ft: 2,550

Bedrooms: 4 | Full Baths: 2 | Half Baths: 1

Municipality: Elsemer/Newark/Pike Creek

Descritiption:

Do spacious, lovely, updated & well maintained describe your next home? If so, then "This is the One." Formal living and dining rooms for special occasions and many other choices for casual get togethers. , i.e. family room w/fireplace that opens onto 16' x 20' screen room w/vaulted ceiling, 16' x 24' deck (both newly constructed), patio, fenced rear yard and a 23' x 23' beautifully finished bonus room w/4 double door closets. Check out the updated powder room w/marble topped vanity and fixtures and the main bathroom's granite countertop, double sinks, new vanity and fixtures. The first floor laundry and nearby office are only steps from the large, eat-in kitchen which has a conventional and a convection oven. If you need creative space requiring the use of hand tools then the finished 12' x 12' workroom (complete w/laminate floor) on the lower level is ready and waiting. Roof was resurfaced in '03, AC replaced '07, heat pump 2000 and furnace motor '08. Immediate occupancy is available!

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Listed by - Broker: Prudential Fox & Roach REALTORS® - Greenville