A classic Atlantic state, Delaware is known for its Atlantic Ocean beaches and cities. Real estate rates in Delaware are not bad and appreciation is outstanding. this link
With a lot of coastline, Delaware is a county. When you think of the Atlantic Ocean’s wind-swept beaches, you think of Delaware. With quiet little towns, laid back resorts and energised tourist zones, the beach areas come in a number of ways. The major cities of Philadelphia, Baltimore and Washington, D.C. are within a few hours of most of the state.
Wilmington is a medium-sized city, but it is Delaware’s largest. Wilmington is not the most striking of towns, but a little schizophrenic. There are dreary and industrial parts of the city, while others have nice parks and walking areas. You can find brick paved walkways with little cafés on streets lined with trees in the nice areas. However, for most of Delaware, Wilmington is a decent starting spot, which allows for good weekend getaways.
Delaware’s main tourist beach destination is Rehoboth Beach. The place is packed with companies catering to tourists from out of town, as with most touristy beach areas. Wall-to-wall hotels line Rehoboth’s boardwalk and malls appear to be springing up everywhere. Still, because of the seasonal nature of the tourism industry, the area is not a poor residential area. In the summer, visitors flock to the area, but the rest of the year is relatively quiet.
Real Estate of Delaware
Real estate prices in Delaware are dropping all over the board and rely mostly on how close the location is to the popular beaches. Homes in Wilmington would cost an average of $370,000, although locations are much lower in other inland regions. There can be a lot more homes in beach areas like Rehoboth, but they rely on the quality of the house. On average, for Delaware real estate, the appreciation rate for 2005 was over 16 percent.