35730 Carmel Terrace, Rehoboth Beach, De 19971 | $360,027

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Property Details

Newest townhome floorplan, The Rehoboth, in Sawgrass South under construction now for Spring 2018 delivery. Price includes hardwood in living area, granite in kitchen with 42" cabinets and ss appliances, granite vanity in first floor master bathroom
  • MLS Number: 723400
  • Status: Active
  • Price: $360,027
  • Property Type:
  • Area: Lewes And Rehoboth Hundred
  • Community: Sawgrass At White Oak Creek
  • Square Footage: 2,100
  • Year Built: 2017
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Stories: 2
  • Unit Floor Number: 1
  • New Construction: Yes
  • County Taxes: $1,400
  • Condo Fee: $3,600
  • Furnished: No
  • Lot Size Acres: 0.00
  • Lot Description: Landscaped
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Basketball Courts, Community Center, Fitness Center, Game Room, Gated Community, Lawn Care, Pool-Outdoor, Sidewalks, Tennis - Outdoor

Interior Features

  • Kitchen: Countertops - Granite, Island
  • Fireplace: Gas
  • Heating: Forced Air, Gas - Propane
  • Cooling: Central A/C
  • Flooring: Carpet, Hardwood, Tile
  • Attic: Access Only
  • Security: Gated Community, Security System
  • Appliances: Dishwasher, Disposal, Fridge w/Ice Maker, Microwave, Oven/Range Gas, Washer/Dryer Hookup Only, Water Heater Gas, Water Heater Tankless
  • Interior Features: Fireplace-Gas, Vaulted Ceilings, Walk-In Closets

Exterior Features

  • Style: Townhouse
  • Construction Type: Stick/Frame
  • Exterior Type: Stone, Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Slab
  • Garage: Attached
  • Garage Size: 1
  • Parking: Driveway/Off Street, Garage
  • Porch/Deck/Patio: Patio - Rear
  • Exterior Features: Irrigation System

Listing Courtesy of LONG AND FOSTER-REHOBOTH

Rehoboth Beach Economy Boost Foreshadowed by Latest Confidence R

Rehoboth Beach's economy, like all others, is largely dependent upon consumers doing what consumers are supposed to do: buy! Why they make their decision to behave or not is every bit as complicated as you would suppose. It’s the product of how their own careers are faring; how the greater economy (and the economy in Rehoboth Beach) are doing; even how the world economy is behaving—or seems likely to behave anytime soon.

In all of this, the hard facts about how the economy is actually doing are not just backward-looking, they’re also slow to arrive. Worse yet to those who think numbers should mean something definite, the numbers are frequently recalculated later. The latest ‘jobs’ numbers or the ‘housing starts’ numbers, when they are announced, are often accompanied by a statement that the previous quarters number has been "revised to" x. If you are a local business person who makes projections based on the best information available, that wouldn’t be the new number—it would be the previous, now revised number: very old information.

There is one way around this, though, and that’s fortunate. Everybody has the same reliability and timeliness problems, yet have to have some basis for making discretionary spending decisions. The usual solution is to rely upon measurements not of the actual economy’s activity now or in the past, but of what most people expect that activity to be in the future.

Yes, that kind of measurement is ‘soft’—opinion, rather than hard data. But if those expectations are widely publicized, they affect what actually comes to pass. If consumers are bullish on the future, well, that’s reassuring news! Rehoboth Beach businesses are encouraged to stock their shelves. People are more likely to list their Rehoboth Beach homes for sale. The local economy looks better and better! On the other hand, if consumers are depressed about the future, caution will prevail. Businesses will hold off on new hires and trim their inventories. You can’t be too careful, after all. To some degree, consumer expectations often become self-fulfilling prophesies.

That’s why latest consumer confidence reports are the best news for the future of the economy we’ve heard for some time. Last week, Reuters ran the headline, "U.S. Consumer Sentiment at Eight-Year High"; the Business Insider, "Consumer Confidence Crushes Expectations." Reuters attributed the burst of citizen optimism to "improved prospects for jobs and wages, and on lower gasoline prices…"

The University of Michigan co-sponsors the index upon which the numbers are based, which showed December’s reading of consumer sentiment at 93.8, "the highest reading since January 2007." That was a full 4 points above the median that had been previously forecast by 70 economists. It was also 5 points higher than the final reading for November.

If the Rehoboth Beach economy perks up as anticipated, area real estate watchers should expect a noticeable uptick in activity—particularly if mortgage interest rates stay low, and inflation remains a non-factor (the same survey pegged consumer inflation expectations at 2.9%). If you are an Rehoboth Beach homeowner or prospective buyer with an equally upbeat outlook, it’s good reason to give me a call to discuss how your plans dovetail with a rebounding market!

What the Election Could Mean for Delaware Real Estate

 

 If you weren’t among those who were surprised by last week’s election outcome, you were among very few. Opinion leaders in every corner of the media are still scrambling to explain why their prognostications had been so wide of the mark. When your job is to help people understand the fine points of current events, it’s just plain embarrassing when you get the big picture 180 degrees wrong!

For both Delaware homeowners who will be considering putting up a ‘For Sale’ sign within the next year or so—as well as for potential Delaware real estate buyers they will need to attract—any shift in the currents in Washington are very likely to affect the market conditions they’ll encounter. There are three areas that can have profound impacts on the strength or weakness of residential home sales:

  1. Economy and jobs. The economic recovery of the past few years has been a major factor in the bounce-back of Delaware home values—just as the global financial crisis of 2007-08 had been the key ingredient in the real estate crash. It’s also evident that the recovery has been slow to gather momentum and feebler than hoped. The change in administrations is expected to bring major reversals in federal economic policies. If changes in tax and health care policies are forthcoming, if they succeed in boosting small business job creation, homeownership rates can be expected to climb. (Note those two “ifs.”)
  2. Mortgage scene. As the L.A. Times noted on The Day After, the President-elect’s campaign rhetoric included “unprecedented” criticism of the Federal Reserve. There can be miles of distance between what is said on the campaign trail and what happens when real decisions have to be made, but the calendar makes major shifts in monetary policy possible—and that is all-important in determining mortgage interest rates. The Trump White House will be able to appoint as many as five new members to the Fed Board of Governors (there are seven altogether)—including a new chairperson at the beginning of 2018. If the new Administration follows through on relaxing bank regulations, it’s expected to make real estate financing less cumbersome.
  3. The vibe. What can be every bit as influential as anything else is the sense of optimism or pessimism that permeates the national debate. Oh, yes; the election may be over, but the chatter is a permanent fixture. It’s also the hardest to quantify—in part because a major part of it is created by the spin that attaches to hard facts. But beneath everything is the way people feel about their own futures: promising or threatening? To create that, everything comes into play, including totally unforeseeable factors like international events, technology surprises—even the weather!

Delaware’s real estate activity is always affected by the availability of desirable properties priced to attract—and in that department, we don’t need to speculate about the future: they’re here right now. Call me! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com