New Property Developments West of Delaware Route 1
With a new home market that’s booming here in coastal Delaware, and higher price-tags on those ocean view and beachside homes, developers like Schell Brothers and Ryan Homes are now buying up land west of Delaware Route 1 to offer a range of single family homes and townhouses at affordable prices within a 20 minute drive to the beach.
Basically, farmland in the area is being sold for residential property development that’s providing Suffolk County with a welcome source of income via the 3% transfer tax , generating a healthy $23 million for the county last year alone!
Here at Joe Maggio Realty we frequently entertain visitors from out of town looking to head to the beaches in search of a retirement home or family vacation property, and we don’t see this trend slowing down any time soon, so there’s little concern over the number of new construction builds and community developments currently growing in our area, ‘We’re absorbing the inventory as fast as it comes online’, says our very own Joe Maggio in a recent Delaware Business Times article.
So strike whilst the iron is hot, if you are considering the purchase of a retirement or beach home in Delaware, contact our real estate agents here at Joe Maggio Realty and we'll be happy to not only show you a great selection of new homes, condos and townhouses for sale in and around the Delaware communities but also share our local knowledge about this fabulous location by the sea.
Find out more about what Joe has to say about the Suffolk County real estate market by reading the full Delaware Business Times article: http://www.delawarebusinesstimes.com/new-home-bonanza-beach-happening-we...