Delaware Real Estate – Living on the water

Delaware, a classic Atlantic state, is known for its beaches and towns on the Atlantic Ocean. Delaware real estate prices are not bad and the appreciation is excellent.

Delaware

Delaware is a state with a lot of coastline. When you think of windswept beaches on the Atlantic Ocean, you are thinking of Delaware. Beach areas come in a variety of forms with small quiet towns, quiet resorts, and energetic tourist areas. Much of the state is within hours of the major cities of Philadelphia, Baltimore, and Washington, DC

Wilmington

Wilmington is a medium-sized city, but the largest in Delaware. Not the flashiest city, Wilmington is a bit schizophrenic. Some parts of the city are dingy and industrial, while others contain pleasant parks and areas for walking. In the pleasant areas, you will find brick-paved hallways with small cafes on tree-lined streets. Wilmington is, however, a good starting point for most of Delaware, making for a good weekend getaway.

Rehoboth Beach

Rehoboth Beach is Delaware’s premier beach resort area. As with most tourist beach areas, the place is packed with businesses catering to out-of-town visitors. Wall-to-wall hotels line the Rehoboth boardwalk and shopping malls seem to be popping up everywhere. Still, the area is not a bad residential area due to the seasonal nature of the tourist business. Tourists flock to the area in summer, but the rest of the year it is fairly quiet.

Delaware Real Estate

Delaware real estate prices are dropping all over the place and mostly depends on how close the location is to popular beaches. Homes in Wilmington will cost $ 370,000 on average, while locations in other inland areas cost much less. The houses in the beach areas like Rehoboth can be much more, but they depend on the quality of the house. On average, Delaware’s real estate appreciation rate exceeded 16 percent in 2005.