Welcome to Your Maryland/Delaware
Beach Home Resource!
MAY 2012 - Spring is here and properties are selling here at the beach! It is an outstanding time to make that purchase or to consider listing your property. Residential inventory here has come down but there are still wonderful properties available! Mortgage rates are near all time lows. If you're considering a beach home or lifestyle change, I'd love to be your area real estate resource in Maryland or Delaware here at the Shore.
Investment and vacation property sales are up for 2011 according to the National Association of Realtors article (excerpt):
WASHINGTON (March 29, 2012) – Sales of investment and vacation homes* jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors®.
NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. Owner-occupied purchases fell 15.5 percent to 2.78 million.
Vacation-home sales accounted for 11 percent of all transactions last year, up from 10 percent in 2010, while the portion of investment sales jumped to 27 percent in 2011 from 17 percent in 2010.
NAR Chief Economist Lawrence Yun said investors with cash took advantage of market conditions in 2011. “During the past year investors have been swooping into the market to take advantage of bargain home prices,” he said. “Rising rental income easily beat cash sitting in banks as an added inducement. In addition, 41 percent of investment buyers purchased more than one property.”
Can you afford to wait? ResortQuest Real Estate company sales have doubled in March 2012 compared to 2011!
NEW OFFICE LOCATION IN FENWICK PLAZA, just west of Fenwick! We're now in the Food Lion Shopping on Rt. 54 in front of the Swann Cove Community and between North Bay Marine and Walgreen Drug Store. Our new location will provide greater visibility to better serve our clients! While there is on-going road contruction to improve Rt. 54, completion will provide bike lane, sidewalks and a wider road with extra turn lanes. I'm thrilled about our new office location and all the on-going improvements to the Rt. 54 corridor. I'm ready to serve in Maryland or Delaware here at the beach!
Buying or Selling? Need More Info?
Call Me Today at 410-977-2519
Linda Quasney, REALTOR®, GRI
ResortQuest Real Estate
36218 Lighthouse Rd., Selbyville, DE 19975
302-436-1100 Office; 302-541-8892 Direct; 410-977-2519 Cell
Licensed in Maryland and Delaware
"On The Move? Let Me Help Get You There!"
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