I had thought that a near miss recession, housing market crash and a slight rise in gasoline would sure allow a beach Realtor, like myself, to get a good afternoon disco nap, but, it ain't so happening along the Delaware shore.
I was just thinking to myself in March that if the people don't come to the beach this Season the worse that would happen is that I would have to find another line of work, but this time I would make sure I would find one that would allow an afternoon Siesta and maybe a chance to actually see the beach I live on.
But no one told the people who have been making the pilgrimage to Delaware from New Jersey, Maryland, D.C. and now New York for generations and guess what they are mostly comprised of "Baby Boomers" who are still on the verge of retirement. After many years of speculating our beach market and missing the boom, eating Boardwalk Fries, Saltwater Taffy, Boating and Fishing along our 25 miles of "award winning beaches" and coast line, they are not going to miss another opportunity to get what they really want, that is if they are working with an experienced Realtor.
Reciting our 1970's tax assessment rate to people who live in a hundred mile radius who have been overpaying for poor government services way too long still brings a look of amazement to the masses. Just today, Saturday afternoon, I drove down to meet a friend who introduced me to a couple from Baltimore who recently sold a business and are looking to locate to the beach area full time. They already have a small condo in our neighboring Maryland resort town, but are paying over $3,000 a year in taxes and over $5,000 a year for their primary residence. We looked at new construction today along Rt. 54 in Fenwick Island, direct bay front with a 40' pier, 3200 approximate square feet, and elevator, furnished with maintenance free living at $2,100 a year and this included taxes, and Home owners fees. Even better it has a skyline view of their soon to be old neighborhood.
Then off to Ocean View, Delaware where we toured a small project of my own known as the Captain's Place. Here lots along the Assawoman Canal start at $259,000 with water and sewer installed and taxes at around $300 annually. This small four lot community is just steps away from a great executive golf course, marina, and a new Harris Teeters slated for completion this Summer 2009. There are many of these communities, Millville by the Sea, Bear Trap, Bethany Lakes and all within a mile or two of the Bethany Beach Boardwalk and surrounded by great shops, fine restaurants like Aqua Grill, and friendly people and did I mention 0, yes, zero sales tax remember Tanger Outlets. Restaurants and shop keepers reported record sales over the Memorial Day Holiday despite the once again incorrect forecast of rain. So shop away, strap your self in, and fill up that gas tank because we are ramping up for another great Real Estate season in Delaware.
As always if you are looking for a great Real Estate agent with experience in the beach market please contact me Joe Maggio, Luxury Home Marketing Specialist and Broker for the Maggio Shields Team, www.maggioshields.com, part of the Mann and Sons, Inc. Maggio Mann McVey brokerage, 302-227-9477 ext. 503. No disco napping subscribe to the blog.