Archive for July, 2010

Hagley Museum Summer Events Wilmington DE

July 23, 2010

Be sure to visit Hagley Museum on Wednesdays or Thursdays this summer in Wilmington DE.

Hagley Museum Sign Wilmington DEIn July and August, Hagley Museum in Wilmington DE is offering reduced admission prices for events every Wednesday night and Thursday during the day.  Hagley Museum and Library are located on the site of the original gunpowder works founded by today’s DuPont Company in 1802.  The main entrance is just off Route 141 as it crosses the Brandywine River close to Greenville DE.  It is just minutes off I-95 and Route 202 and easily accessible from all New Castle County.

On Wednesday nights, Hagley will be holding their Bike and Hike nightsHagley Museum Wilmington DEFrom 5 – 8 PM every Wednesday through August, admission will only be $2 per person allowing you the chance to enjoy the trails, walk the riverside, and picnic along the Brandywine.  Admission is free for members.

On Thursdays from 9:30-4:30 Hagley Museum admission is only $1 per person.  This will allow admission to both the museum and grounds.  This is a great opportunity to revisit, or visit the museum for the first time,  and explore the grounds and exhibitions.  Admission is free for members.

Hagley Powder Mills Wilmington DEIn addition, this will give you an ideal time to learn of the events already scheduled throughout the fall.  These include the Hagley Car Show and Hagley Film Showcase in September,  the Hagley Craft Fair in October, and Christmas at Hagley running from November 26 through the New Year.

Another great opportunity to enjoy all the area has to offer!

David Henke
Long & Foster Real Estate Inc – Bear, DE/Newtown Square, PA
Office: 302-834-3431/Cell: 610-618-0808

Where are we now? Delaware County PA Sales Stats

July 10, 2010

So now that the tax incentives have expired and the bulk of the settlements did make their original June settlement date goals, where are we today?

Overall it looks like the tax incentives shifted the timing of many purchases but did not create a large boost in traffic.

Looking at the statistics for 2010 year-to-date and comparing it to the same time frame last year, the numbers show several interesting trends.  (The numbers are based on July 3 statistics to allow for delayed sales reporting.)  In 2010, there were 620 pending home sales vs 852 pending in 2009 for a 27% drop.  At the same time, properties that had closed rose from 2135 in 2009 to 2600 in 2010 for a 21% jump in closed properties.  Combining both the pending and settled properties through July 3 for both years, we saw a 7.8% total jump in sales activity for the year through July 3.

We also saw a jump in homes currently available on the market.  In 2009 at this time, there were 3275 homes listed as on the market in the TrendMLS System, while in 2010 there were 3618 for a 10% rise in overall inventory. This also marked an increase of 31% from the inventory low seen in January.

Bottom Line for a year-to-year comparison based on July 3rd numbers:

– Total Active Inventory: +10.5%
– Total Pending Inventory: -27.6%
– Total Sold Inventory: +21.8%
– Total Sales Activity (Pending + Sold): +7.8%

At best, the incentives increased overall activity by 7.8% over last year while largely simply shifting settlements to occur prior to the June 30 tax incentive expiration date.  At the same time, there has been a significant increase in overall inventory which could continue an overall weak pricing environment.  Looks like a great time to be a Buyer while Sellers will need to remain very close to the market to be sure to position their properties correctly.

David Henke
Long & Foster Real Estate Inc – Newtown Square,PA/Bear, DE
Office: 610-359-3853/Cell: 610-618-0808

(All statistics per the TrendMLS System and believed accurate but not guaranteed)

DelDOT Route 141 & I-95 Interchange Virtual Public Workshop

July 7, 2010

Ever question why this road construction is happening now and what are the future plans?  The Delaware Department of Transportation’s website just may have the answer.

Right now, the Delaware Department of Transportation is holding a Virtual Public Workshop on the proposed Route 141 and I-95 Interchange Improvements.  Currently, DelDOT is working on proposals for the interchange as it plans for expected traffic through 2030.  Some intersections are already failing with most failing by 2030.  With the proposed changes most of these intersections can be brought back to an acceptable rating.  The study includes a complete Crash Analysis for the intersections throughout the area.

This is an interactive presentation that can be launched from their SR141 & I95 Project Homepage as either a Silverlight or Media Player presentation.  Comments on the project can be entered from the same page.  The presentation details their preferred proposal but all options are presented.  The feedback deadline is July 16.

Other projects can also be found on DelDOT’s project homepage which includes many presentations on both past and ongoing transportation issues.  This includes other projects along the Route 141 corridor and such items as links on the new I-95 Delaware Welcome Center.

Transportation projects can have a major impact of both the livability and desirability of any community throughout the state.  It is important to stay aware and involved in the projects around you.  DelDOT wants and welcomes your input.

Next time you are wondering about a new road project, the answers may already be at your fingertips.

David Henke
Long & Foster Real Estate Inc – Newtown Square,PA/Bear, DE
Office: 302-834-3431/Cell: 610-618-0808

Happy 4th 0f July 2010!

July 4, 2010

HAPPY 4th of JULY 2010!

Enjoy the perfect weekend and spend some time with friends and family.

Reminder: This may be one of the best opportunities we have ever had to purchase properties.  Interest rates are at historic lows, inventories are up, prices have fallen, and for the first time in a year buyers are not operating under an artificial time frame.  If one is ready to buy today, this could be your best chance yet to find the perfect home with low rates, lower prices, and less competition.  Please feel free to call anytime with questions.

David Henke
Long & Foster Real Estate Inc – Newtown Square,PA/Bear, DE
Office: 610-359-3853/Cell: 610-618-0808