Can you believe it? It’s already 2014!
The housing market has made incredible strides this past year – especially in the Fenwick Island and Delaware areas. So, what were some of the most memorable highlights for Bayside in 2013?
Bayside was featured in the February 2013 issue of the Washingtonian highlighting reasons why buying a second home in resort locations, like Fenwick Island and Bayside, can add to the overall quality of life for the residents. Justin Healy, co-owner of Ocean Atlantic Sotheby’s International Realty, is quoted saying “From an investment standpoint, the beach market held up really well through the downturn.” What a great way to kick off the year!
Golfweek named Bayside the No. 1 golf course in the state of Delaware! This came as no surprise to golfers, as the Bayside course is the first ever Jack Nicklaus Signature Golf Course in the state. This renowned title certainly adds to the allure of living in our Bayside community!
Throughout the year, there were many reports of home prices gaining momentum and houses regaining value. In April, we reported that the S&P Case-Shiller index announced a 9.3% rise in 20 major market year-to-date. This was the biggest 12-month gain and certainly set the pace for the rest of the year. In fact, that following May, we wrote how the same index registered the biggest gains in seven years.
Increases in home sales across the country were also prevalent in 2013, which further boosted the economy. Back in August, we wrote about how new homes, like the ones in Bayside, have such a great influence on the market and on the economy. With a surge in home sales and prices, homebuyers were eager to move into new homes.
This past year, the housing market also saw a big boost in builder confidence. This confidence trickles down to everyone in the market and rose the overall confidence levels. To have consistently high levels throughout the entire year is a great indicator for how well the housing market did in 2013.