Real Estate Market Analysis 2011 for Rehoboth Beach Yacht and Country Club, RBYCC,
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Real Estate Market Analysis 2011 for Rehoboth Beach Yacht and Country Club, RBYCC
If you are looking for a country club community in Delaware,Rehoboth Beach Yacht and Country Club is a picturesque wooded waterfront community along Rehoboth Bay. Year after year, buyers looking for golf communites in Delaware find what they are looking for in the award winning Delaware Golf Course Community. A community established in 80's, Rehoboth Beach Yacht and Country Club is convenient to downtown Rehoboth Beach. The Golf club of Rehoboth Beach Yacht and Country Club is without a doubt one of the area's finest.
This neighborhood features some of the most prestigious homes in DE and is one of the premier golf communities in Delaware. This neighborhood offers a various mix of single family homes with a wide range of sizes and architectural styles, bay-front, golf course, wooded or well landscaped lots this premier community offers all and including ocean views just a short bike ride away.
Below you will find the most recent analysis of the real estate market in and home values in RBYCC and KCCC, House values and Property Values fluctuate but the RBYCC housing values were a part of a healthy year of home sales in 2011.
Rehoboth Beach Yacht and Country Club, RBYCC, Homes in DE, Golf Clubs in Delaware
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SOLD Single-Family January 1 thru December 31, 2011 |
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VARIABLE |
KCCC |
RBYCC |
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TOTAL # SOLD |
6 |
28 |
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AVERAGE Days On Market |
498 |
270 |
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AVERAGE LIST PRICE |
$661,483 |
$669,689 |
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AVERAGE SOLD PRICE |
$592,167 |
$618,643 |
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% DIFF AVE SOLD/LIST |
89.5% |
92.4% |
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SOLD MEDIAN LIST PRICE |
$647,000 |
$567,250 |
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SOLD MEDIAN SOLD PRICE |
$570,000 |
$512,500 |
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% DIFF MED SOLD$/LIST$ |
88.1% |
90.3% |
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HIGH SOLD PRICE |
$890,000 |
$1,650,000 |
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LOW SOLD PRICE |
$408,000 |
$240,000 |
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ACTIVE Single Family Listings |
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TOTAL # LISTED |
4 |
26 |
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AVERAGE Days On Market |
410 |
300 |
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AVERAGE LIST PRICE |
$613,225 |
$1,081,165 |
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MEDIAN LIST PRICE |
$580,000 |
$639,200 |
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HIGH LIST PRICE |
$895,000 |
$5,300,000 |
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LOW LIST PRICE |
$397,900 |
$389,000 |
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SOURCE: SCAOR InnoVia MLS System as of February 14, 2012 |
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► All information presented subject to change without notice. ◄ |
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Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. |
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Equal Housing Opportunity. Each Office is Independently Owned And Operated. |
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Buying Delaware Retirement Real Estate Offers Tax Advantages & Income Tax in De(Delaware) (Delaware) DE State Tax
The Delaware Beach Real Estate market provides an excellent opportunity for those looking for a Delaware retirement to take advantage of the DE's low property taxes. If you plan to move to another state when you retire, it only makes sense to examine the tax burden you’ll face when you arrive. State taxes are increasingly important to everyone, but retirees have extra cause for concern since their income may be fixed.
We will explore information on Income Tax in De(Delaware) & (Delaware) DE State Tax, state income taxes, sales and fuel taxes, taxes on retirement income, property taxes and inheritance and estate taxes, as well as sales and fuel taxes.
Significant Tax Advantages in DE
• NO State sales tax. DE State Sales Tax
Delaware does not collect sales taxes. Delaware collects a Gross Receipts Tax (GRT) which is a business and gross receipts tax that can total 2.07%. States with the highest sales tax are: California (8.25%), Indiana (7%), Mississippi (7%), New Jersey (7%), Rhode Island (7%), Tennessee (7%), Minnesota (6.875%), Nevada (6.85%), Arizona (6.6%), Washington (6.5%), Kansas (6.3%), Texas and Illinois (6.25%).
• NO State tax on Social Security income.
• NO personal property taxes.
• One of the lowest property tax burdens in the nation. Sussex County homeowners taxed on 50% of property’s current market value based on a 1974 assessment and with no property tax increases for over 21 years, the average 2011 Sussex County property tax bill on a single-family home was only just over $100 annually. (Sussex County Government May 18, 2010)
• Kiplinger's PERSONAL FINANCE Magazine picks DE as one of the 10 most tax-friendly states for retirees.
• Pension Exclusions: For each person 60 and over, up to $12,500 of pension and eligible retirement income are exempt from Delaware income tax.
• Each qualified homeowner 65 and older in Sussex County receives a Senior Citizen Property School Tax Credit up to $500.
• $110 in tax credits multiplied by the number of persons age 60 and over, plus the number of personal exemptions allowed for Federal purposes.
• America’s Most Wealth Friendly States: Ranked as one of the top four states (with Alaska, Nevada, and South Dakota) as being the Best States for Trusts. Major reasons: No tax on assets held in a trust, allow dynasty trusts permitting assets to pass to future generations and avoid estate taxes, seek to protect trust assets from lawsuits and creditors. SOURCE: Thetrustadvisor.com
• Corporate Capital of the World:Delaware’s pro-business tax and corporate laws have made it a corporate haven. As of November 2010, nearly 900,000 companies are charted as Delaware corporations. In the last seven years 80% of new IPOs have made Delaware their corporate home.
Click Here to Search Delaware Beach Real Estate &
Rental/Investment Property Possibilities
A vacation home is only considered rental property if you rent it out for more than two weeks per year. If you wish to keep it as a family retreat or retirement property, renting your property out for can bring in enough extra income to help pay for property taxes, upgrades, and maintenance.
Primary Home Sale Exclusion
There are no age requirements for the Primary Home Sale Exclusion on up to $250,000 profit for a single home seller and up to $500,000 gain for joint returns, on any house you've owned and occupied as your main residence for at least two of the five years before the sale.
All information presented is subject to change without notification. Please consult with an attorney or tax advisor regarding eligibility for any tax or other benefits.
Broadkill Beach, Milton, Delaware, Delaware Real Estate
Broadkill Beach is small quaint Delaware Beach Town just a few minutes north of Lewes Delaware, nestled on the Delaware Bay and Broadkill River. This friendly close knit community offers public beach access to the Delaware Bay for swimming, fishing, crabbing and relaxing. Made up of roughly 700 home and land owners, the community is surrounded by Prime Hook National Wildlife Refuge along the Delaware Bay and offers vacationers an alternative to larger more densley populated Delaware Beach Areas, while still being minutes to Milton, Lewes, Rehoboth Beach, and Dewey Beach excitment, dining and entertainment.
The Prime Hook National Wildlife Refuge was established in 1963 for use as sanctuary, expressly for migratory birds and is considered to have one of the best existing wetland habitat areas along the Atlantic Coast, this area is a haven for nature lovers and bird watchers in addition to other wildlife.
These picturesque habitats have become important stop-over sites for spring and fall migrating shorebirds and wading birds. The refuge's 10,000 acres are a diverse landscape featuring freshwater and salt marshes, woodlands, grasslands, scrub-brush habitats, ponds, bottomland forested areas, a 7-mile long creek, and agricultural lands.
This provides a serene habitat which is home to endangered and threatened species; the Delmarva fox squirrel, nesting bald eagles and migrating peregrine falcons and birds passing through utilize the refuge's upland forested habitat during the fall and spring.
Broadkill Beach offers a public beach for swimming and the Broadkill River is a dream for kayaks and jet skies. Prime Hook National Wildlife Refuge also offers fifteen miles of streams for canoeing as well as boating in the tidal waters. There are several boat launches available and variety of hiking trails.
The only business located in Broadkill Beach is a The Broadkill Store, know to locals as the "Broadkill Mall", which sells sandwiches, bait & tackle, beach toys, souvenirs and homemade donuts on the weekends making it reminsiscent of the Carolina's Outer Banks. Broadkill Beach is one of the area's best kept secrets for nature lovers and serene living on the Delaware Coast.
Delaware is well-known for its rich history and heritage, but did you know that this beautiful state is also the home of some of the country’s finest arts and cultural attractions, tax-free shopping and beautiful beaches? Coastal living in Delaware, especially in Sussex County, includes lots of birds and wildlife, vacationing families, sports fishing enthusiasts and couples of all ages looking for a tranquil place to call home. Let’s take a closer look at some of our fabulous coastal towns and villages!
Bethany Beach, DE Real Estate
Bethany Beach is part of Delaware’s “Quiet Resorts”, a much-loved stretch of beach towns along the southern corner of the state that also includes South Bethany and tiny Fenwick Island. The quiet, reflective atmosphere of Bethany Beach may come from its origins as a religious site. The Christian Church, also known as Disciples of Christ, first designated Bethany as a seaside gathering place for its churches to assemble for retreats and other meetings. The first building constructed in Bethany Beach was a tabernacle, formally dedicated in 1901. 100 years later, in 2001, the current residents of Bethany conducted a memorable and heartfelt Centennial Celebration dedicated to its founding fathers of the Church...
Learn More about Bethany Beach Delaware and See Homes For Sale in Bethany Beach Delaware...
Dewey Beach, DE Real Estate
Nestled between the Atlantic Ocean and the tranquil Rehoboth Bay, Dewey Beach is a true one of a kind town reminiscent of Key West in style and attitude.
The Dewey Beach “way of life” appeals to all ages looking to get away from the corporate grind and relax on the beach, after meeting up with friends. During the summer months, people enjoy the popular seaside resort returning year after year building lifelong friendships. More than ever, people realize how much there is to enjoy during the quieter spring and fall seasons.
Learn More about Dewey Beach Delaware and See Homes For Sale in Dewey Beach Delaware...
Fenwick Island, DE Real Estate
Tiny Fenwick Island is one of Sussex County’s smallest residential towns. Included in Delaware’s short list of “Quiet Resorts”, Fenwick Island attracts a variety of homeowners, although you’ll only find about 350 permanent residents. Close to Rehoboth Beach and Ocean City Maryland, Fenwick Island offers visitors and residents the best of both worlds – a sleepy little island community just minutes away from lively resort living and entertainment.
Fenwick Island does not actually sit on a barrier island – it is part of a very narrow peninsula. The town is still relatively isolated, and its history includes legends of pirates landing on Fenwick to bury their treasure. While no one has recovered these legendary riches, much of the Delaware Coast offered refuge to pirates during the eighteenth and nineteenth centuries.
Learn More about Fenwick Island Delaware and See Homes For Sale in Fenwick Island...
Lewes, DE Real Estate
The peaceful little town of Lewes sits just at the point where the Delaware Bay and the Atlantic Ocean come together at Cape Henlopen, which is also home to one of Delaware’s most beautiful state parks. Lewes offers a sanctuary from high- energy city and resort life, and is well-regarded for its natural beauty and conservation. The sounds of the sea and plentiful sunshine naturally create the town’s ambience and tranquil atmosphere.
Lewes is quite compact – within a mere half of a square mile, you can easily walk to some of Lewes’ finest shops, restaurants, museums and historical sites. For your first visit, you’ll be pleasantly surprised by the beauty and hospitality of some of the area’s loveliest inn...
Learn More about Lewes Delaware and See Homes For Sale in Lewes Delaware...
Milton, DE Real Estate
Minutes away from Rehoboth Beach and Lewes on the Eastern Shore rests the quaint little village of Milton. Milton suggests life in another era – Victorian in look and charm, this seaside shipbuilding site is filled with historic homes and landmarks.
Less than 2,000 people make up the population of Milton, but the village thrives on the success of its local businesses and tourism. Bolstered by balmy winds and a relatively temperate climate for the area, Milton offers genteel family life centered around the opportunities for fishing and recreation on the Delaware Bay. The village is proud of its safe, clean streets and stable property values.
Learn More about Milton Delaware and See Homes For Sale in Milton Delaware.
Rehoboth Beach, DE Real Estate
If you are looking for a warm, close-knit community that is rich with history and character, then Rehoboth Beach may be the town of your dreams. Located on the Atlantic side of Delaware, south of Delaware Bay, this charming little seaside resort offers beautiful tree lined streets, wonderful shopping and the perfect blend of family fun and energetic nightlife.
Rehoboth Beach was first settled by Native Americans who enjoyed the balmy summers and plentiful seafood from the Atlantic waters. English and Dutch visitors followed, and they soon laid claim to the fertile farming inland and the benefits of living by the shore. Rehoboth Beach also became popular with Pennsylvania patriots during the American War of Independence. In the late 1800’s, the area became home to a church camp association, which laid out a fan-shaped city plan with wide streets, room for parks and an eye for commerce. This original city plan is much the same today, welcoming tourists, seasonal homeowners and full time residents and encouraging them to mingle together in a year round resort atmosphere.
Learn More about Rehoboth Beach Delaware and See Homes For Sale in Rehoboth Beach Delaware...
FOR IMMEDIATE RELEASE
Contact: Dustin Oldfather
March 2, 2011
Ocean Atlantic Sotheby’s International Realty
330 Rehoboth Avenue
Rehoboth Beach DE 19971 302.227.6767
Ocean Atlantic Sotheby’s International Realty; Delaware REALTOR ®, Dustin and Mariya Oldfather, Hit Amazon.com Best-Seller List with New Book
“Counter-Attack: Business Strategies for Explosive Growth in the New Economy”
Debuts at #2 in the site’s Direct Marketing Category
Rehoboth Beach, DE. Dustin and Mariya Oldfather, one of the top sales teams at Ocean Atlantic Sotheby’s International Realty, recently joined a select group of America’s leading entrepreneurs and businesspeople to collaborate and co-write the business and marketing book titled, “Counter-Attack: Business Strategies for Explosive Growth in the New Economy.” Celebrity Press™, founded by JW Dicks, Esq. and Nick Nanton, Esq, is a business book publisher that publishes books from thought leaders around the world.
The book, released on Thursday, January 27, 2011, features lessons that business owners can use to fight against declining revenues and learn the secrets of success in the new economy. On the day of release, Counter Attack reached best-seller status in two Amazon.com categories: Marketing and Direct Marketing. Dustin and Mariya Oldfather authored a chapter in the book titled, “Legacy.” The book, which peaked at #2 in those categories and remains on the best sellers list at #39, is available for purchase through Amazon.com.
“The book provides strategies on working within the parameters of the new economy: how to become profitable and stay profitable in an increasingly competitive environment,” said Dustin Oldfather. “We thoroughly enjoyed working with the other book’s contributors and are delighted with its initial success.” The Oldfathers have been part of the Ocean Atlantic Sotheby’s International Realty since 2008 and have consistently been one of the brokerage’s top-performing teams.
To learn more about Dustin and Mariya Oldfather, visit http://www.TheOldfatherGroup.com or contact Ocean Atlantic Sotheby’s International Realty at 302.227.6767.
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