New Castle Real Estate Market Conditions & Reports, New Castle Market Trends, Delaware

Market Commentary Provided by Bayard Williams - Wilmington, DE

Report Date

Fall 2009

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Bayard Williams - Wilmington, DE
Keller Williams Realty
Middletown, Delaware
302-299-1147
Bayard@kw.com
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Nearest Metro Area

Wilmington, DE

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

30-60 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in New Castle is

Seller Activity for the past 90 days in New Castle is

Is Financing Available For Qualified Buyers in New Castle?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Townhomes are very popular with the first-time Home Buyers. We have state bond money and state grant money. Buyers, if they qualify can purchase a home with as little as 1k.

Reason to Buy/Sell

Population Growth

Average Sold Price

$200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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