A Centreville estate called Shadowbrook has set a record for Delaware property sales. (Courtesy of Steve Crifasi, Patterson-Schwartz Real Estate)

Exclusive: Record $18M for Delaware residential property

Ken MammarellaBusiness, Culture, Headlines

A Centreville estate with a 10-bedroom house, five rental properties and two barns on 152 acres has just been sold for $18 million. That’s a record for Delaware, according to Steve Crifasi, the listing agent with Christopher S. Patterson, both of Patterson-Schwartz Real Estate. “It’s drop-dead beautiful,” he told DelawareLive. “What makes the property so unique is that it is …

Different statistics paint different pictures of the Delaware housing market. (Photo by RDNE Stock project from Pexels)

How’s the Del. housing market? Depends on who you talk to

Ken MammarellaBusiness, Headlines

My uncle, a resident of Bethany Beach, liked to say that people who lived at the beach talked about three things: real estate, the weather and where to eat. Here are a few interesting numbers to spark a conversation about real estate: • The Lewes area is Delaware’s hottest market in terms of rising prices, according to the real estate …

Realty transfer tax

Delaware’s realty transfer tax to remain highest in nation

Charlie MegginsonHeadlines, Government

Delaware will remain the state with the highest realty transfer tax in the nation after a bill to decrease the tax died in the General Assembly.  Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would have cut the tax from 4% of a property’s sale price to 3% — the level it was at prior to 2017 when the …

Realty transfer tax

Bill to lower realty transfer tax sails through House committee

Charlie MegginsonBusiness, Headlines

A bill to decrease Delaware’s realty transfer tax from 4% to 3% was released from the House Administration Committee Wednesday. Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would make law of something Rep. Mike Ramone, R-Pike Creek South, has been preaching for years: reducing the cost of Delaware’s real estate transfer tax after it was increased during financially …