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Newark Real Estate & Homes for Sale in Delaware

Newark, Delaware: Home to a thriving University as well as a rich and fascinating past, the town of Newark, Delaware, boasts a mix of deep roots and continuously flourishing growth of real estate. Nestled in the county of New Castle County, Newark is less than 40 miles north of the state capital, 14 miles from Wilmington and just a few miles from both Pennsylvania and Maryland. Newark real estate listings consist of single-family homes for sale, condominiums, townhouses, investment properties as well as gated and retirement communities. The beautiful University of Delaware campus is the most known address in the town; however, several lovely New Castle County neighborhoods are home to nearly 30,000 residents. This renowned institution resides in the center of town along with a vibrant Main Street, which hosts a large selection of eateries, exciting nightlife, shops and businesses. Surrounding this area are more suburban residential areas, scattered shopping centers and other amenities. A well-organized transportation infrastructure consists of several bus routes and a rail station serviced by both SEPTA and AMTRAK. Students attend schools in the Christina School District. Nearly 20,000 attend the University. Other continued learning facilities exist in and around the Newark area. While manufacturing used to be Newark's main industry, these educational facilities support the town?s economy today. A wealth of recreational opportunities, including museums, theater, dining, the Botanical Gardens and area parks keep residents of Newark entertained. A low crime rate, mild climate as well as proximity to airports and the Atlantic shore are just a few of the many Newark is the ideal place to buy your new home or real estate investment.

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Price Range of Newark Houses, Homes and Property

Newark Real Estate Market: From student housing to retirement communities and literally everything in between, Newark?s wide variety of housing styles and homes for sale reflects its population diversity. Huge brick historic homes prevail over large wooded land lots. Cozy condominiums and townhouses are within walking distance of downtown shops and businesses. Gated communities in Newark, family homes, investment properties and commercial real estate space are all available in this appealing community. While some sprawling estates can reach prices well over $1 million, plenty of homes are available in the $200,000 to $400,000 range. Colonial styles coexist in harmony with modern homes in newer developments with functional floor plans and contemporary features. Numerous family-friendly neighborhoods connected to parks or sharing amenities like pools and clubhouses have brand new houses just waiting to be someone?s home. What are you waiting for?

Newark Real Estate Stats and Trends for the week of April 21st, 2020: homes priced around $262,630 compared to $263,251 the previous week, for a slight decrease of less than -1%.  For Tuesday, April 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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