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An Open Letter Regarding Today's Real Estate Market at the MD & DE Beaches

I hope that you all are well and staying safe. I know you are receiving endless emails and I am not one to send frivolous communications but I have been getting quite a few questions about the current state of the market and whether it’s a good time to buy or sell. Information has been changing daily—and just when you think you have grasped it, it changes again.
 
Here are some things to consider if you are thinking of buying or selling property…

• In-person activities in at the Maryland and Delaware Beaches must be by appointment only--and only for vacant properties.

• No more than two people, including the broker, may be at the property at any one time; and those two persons must strictly follow social distancing guidelines established by the Centers for Disease Control and Prevention (“CDC”) by wearing masks and remaining at least six feet apart at all times.

• No open houses are permitted (except virtual tours/online open houses). I’m always happy to provide you with a virtual tour of properties that interest you—just ask.

• Buyers must be pre-approved

• Lenders, Escrow and Title are all essential to completing transactions. (Don’t hesitate to ask me for recommendations.)  

• Professional photographers, stagers, inspectors, appraisers, and repair professionals are permitted by appointment.
 
I have distilled some recent data for you. Here are the highlights:

• In March, sales prices continued to climb, and we still saw multiple offers as buyers tried to take advantage of low interest rates.

• Although inventory is still DOWN overall from the same period last year, new listings, pending and closed sales were all UP over last month.

• Buyers are decisive! The average days that a listing is on the market before they get into contract dropped from 42 in February to only 26 in March.

• Interest rates, like the stock market, have been volatile. Your lender can explain what effect the Fed has on long term rates (not much). Some loan types are no longer available, and some banks have even withdrawn from the market temporarily.

I recognize that real estate might not be your priority right now…and that’s okay! However, if you ever need anything or have questions, I am here for you.

Wishing you good health and prosperity,

Sandra

Sandra  Erbe

PS: For a Sussex County Market Snapshot, click here.

Information deemed current as of 5/15/20 and subject to change.

Homes are still selling...don't be afraid to list yours. Call me if you would like a free market analysis for your home along with a community snapshot. 
NEWS FLASH from Bethany Beach, 5/15/20...

BEACHES OPEN
I've been sending out tons of good juju for this day...I'm a HUGE believer in salty air and sandy toes being good for the soul and it's finally happening! Things are slowly opening up - here's the latest about our beach...

TODAY: The boardwalk and beach are open in Bethany for exercising/walking (doing a happy dance) - though no dogs allowed on beach (May 15 - Oct 15).
MAY 22: the beach opens up for swimming/sitting/tanning and surf fishing minimums lifted (doing cartwheels).

NEED TO KNOW:

  • Face coverings are REQUIRED on boardwalk and 'strongly encouraged' on beach
  • Must maintain social distance of at least 6 feet from anyone not that's not part of your household whether moving or sitting/laying
  • Passengers in surf fishing vehicles must all be from the same household and vehicles must be spaced at least 10 feet apart
  • Out-of-Staters must still self-quarantine for 14 days
  • Short-term rentals still banned
Here's a detailed article about May 22nd and here's every detail from Governor Carney himself.

Source: https://www.facebook.com/ILoveBethanyBeach



Top Home Renovations for Improved Health
by Curtis Fisher from tradesbright.org
 
Your home is your domain, and it should play a positive role in all aspects of your life. If it doesn’t, it’s time to reconsider your living arrangements. If moving isn’t in the budget, you are in luck. There are plenty of ways to improve your environment so that you can be happy and healthy in the place you call home. Here are some tips on home renovations – and how to choose a contractor for them – that will make your life better every day.

A spa bathroom.




A bathroom makeover might sound like a frivolous option, but outfitted correctly, it can provide a place of respite and improved health. A spa-style bathtub, for example, can help ease aches and pains, improve cardiovascular health, lower your blood pressure, and may even help you fall asleep faster.
 
Be cautious when choosing a bathroom remodeler; this is a specialized service that requires experience in both general carpentry and plumbing. Although price may be a motivating factor, you may be better off steering clear of the lowest bidder. Contractors at DFW Improved underscores this point by explaining that the lowest-priced contractor almost certainly uses the lowest quality materials.
 
An amazing outdoor space.



Everybody needs to spend time outdoors under the sun or moon. Doing so can relieve stress and anxiety and expose you to fresh air and other natural elements, which can improve your health in many ways. A patio is a perfect way to build for yourself an exceptional area to relax or to entertain when you want to surround yourself with friends and family while getting a dose of the outdoors.
 
When compared to other home renovations, adding a patio is relatively affordable. Home Advisor estimates that it can cost you anywhere from $1,568 up to $6,799, and this figure will vary depending on design choices, amount and concrete quality. You can plan on $108 per cubic yard of concrete needed plus labor, which runs around $8 to $18 to pour it. Look for a contractor that can break down your pricing and that offers at least a one-year guarantee, particularly if you pay the extra money for a design.
 
A true cook’s kitchen.



If you hate your kitchen, you probably don’t spend nearly as much time cooking as you should. Feeding yourself fresh, home-cooked foods is one of the best ways to almost instantly improve your health – and your budget. There are many types of kitchen layouts, and some are better for cooking than others. A single-wall straight kitchen, for example, doesn’t offer a lot in the way of counter space. A galley kitchen puts you all by yourself, away from the rest of your living area. A good alternative is in L -shaped kitchen with an added bar to look out on common spaces.
 
When it’s time to plan for a kitchen remodel, you may need a general contractor, a plumber, and an electrician to get the job done. If you plan to add other finishes, such as granite countertops, you may also need a subcontractor that specializes in these areas.
 
Other home improvements to consider.
 
Two other ideas to consider when deciding on how to spend your home improvement budget are to soundproof your bedroom and update your HVAC. A quiet bedroom will help you sleep better, which is important if you live next door to noisy neighbors. An updated HVAC system, which should only be installed by a licensed and experienced HVAC contractor, may be a huge benefit if you have allergies or if your current system is too small to adequately ventilate your entire home.


 
Ultimately, what you choose to do to your home is up to you. But if you are looking to improve your health, the above changes are about the best bang for your buck. But remember, choose your contractor wisely.


For a list of home improvement professionals in your area, please contact me by phone or email.
 
Images via Pexels
Featured Local Photographer: Tracy Eager

Here at the South Delaware and Maryland Beaches, we are fortunate to have such an abundance of beautiful and stately shore birds. Please visit Tracy Eager Beach Photography's Facebook page to enjoy her amazing photographs.

Here's what Tracy had to say when asked to share some background on her interest in photography...

"I enjoy capturing moments as a hobby. I love the beach, birds, and all the beautiful landscape and wildlife. It's wonderful to spend my spare time with nature and capture the memories."

 
The graph below shows Keller Williams' performance for April 2020 compared to April 2019. As we like to say, "We're number one!"
 
Each month, we will feature a restaurant, shop or other local business in our area. For this premier edition, we are featuring the husband-wife team of Jeff and Krista Ball and their restaurant Cafe Mirage. Visit their Facebook page each night, Thursday - Sunday, for their curbside evening specials. And don't forget to order dessert to top off your dining experience. Here is their recent message to their customers...
Dear Cafe Mirage friends:

The coronavirus is changing all of our lives. At Cafe Mirage we are no longer able to serve sit-down meals but we are able to provide you with carry-out service and that's our plan.

We will be open for that Thursday through Sunday, from 4pm to 8pm.

Please call the resturant at 443-664-5687 or visit us on Facebook for our carryout menu. 

Jay is working very hard to come up with delicious meals that will transport well and even re-heat if that's necessary. We'll post the new carry-out menu on our Facebook page so that you can call ahead, drive up and pick up at the door.

It's a very difficult time for all of us but we promise to do our best to continue to serve our Cafe Mirage family as best we can.

Jay and Krista Ball

The Overlook Community

Here is my listing in The Overlook community located in West Fenwick. To view detailed information, please visit this site. Thank you!
Sandra Erbe, Realtor - Keller Williams Realty
at the Delaware and Maryland Beaches. Please visit my website to explore listings and real estate information.
443.848.3004 (Direct); 302.360.0300 x332 (Office) SandraErbe@kw.com
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Copyright © 2020 | Sandra Erbe Keller Williams Realty, All rights reserved.

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39682 Sunrise Court Bethany Beach, DE 19930

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