Shedding light on the Hopewell Valley’s recent real estate surge

3 S Elm Street, Hopewell Borough - one of the properties DePaola's firm is currently marketing.

The Hopewell Valley is currently experiencing one of the best housing markets in recent memory, conditions that will likely continue for quite some time. David DePaola, who owns local real estate agency David DePaola and Company Real Estate (DD&C), explained “Hopewell’s current market is quite good for sellers! There are more buyers than there are homes available. Homes that [are] well-cared for are in especially high demand.”

This surge has resulted in many homes drastically increasing in value in the past few months. In fact, if you search up the price of your home on Zillow.com, you would probably be quite happy with the result right now. DePaola elaborated: “The simple fact is, if five buyers make sincere offers on one particular home, four of them are going to be very disappointed. In some cases we are seeing more than twice that number compete.”

What has been the cause of this recent uptick? DePaola thinks there are a number of factors: “Historically low interest rates, migration from densely populated urban centers, and newly discovered needs or desires to work, learn, entertain, etc. from home caused by the pandemic have all contributed to making the concept of ‘home’ more desirable than it has been in generations.” Furthermore, the Hopewell Valley offers an excellent quality of life for its residents. Some factors include “Hopewell having access to good healthcare, education, and recreation while still offering a relatively easy commute to employment generators and commerce in both the Philadelphia and NYC metro areas,” according to DePaola.

DePaola knows the importance of having a reliable realtor to navigate this market. Everyone needs a realtor who has the expertise and perseverance necessary to make good things happen everyday. DePaola believes his company, DD&C, is the perfect real estate agency to serve you. He describes DD&C as “a full service boutique style real estate firm with deep roots in the community. We offer the complete range of residential, commercial, and land sales as well as property management services.” DePaola elaborated, “With decades of experience and local knowledge, many of our team members live here in Hopewell Township. As a small firm we are hands-on all the time, cognizant and adaptive, making sure each client knows they are valued. Our referrals and reviews seem to say the community likes what we are doing.”

DePaola offers up some free advice for new buyers and existing homeowners.“Don’t be afraid of the numbers,” he stated. “We may never see a lower cost of money, considering current interest rates, so take advantage while you can. Know that no home is perfect and there will always be room for improvement.”

The process of buying a home is stressful and DePaola recognizes this fact. He offered up the following suggestion: “Consult with seasoned local experts. It might be tempting to seek out discount brokerages, especially in a market of short supply, but as is often the case, budget services and gimmicks can cost you big in missed opportunity and missteps. There are a lot of moving parts in a real estate transaction and many hazards not readily identifiable.”

*To find out more about DD&C, visit their website: DePaola.com/

*Current listings offered by DD&C:
18 Fabrow Dr., Titusville
46 New Rd., Hopewell
18 Crest Ave., Pennington
18 New Rd., Hopewell
22 Wilfred Ave., Titusville
3 S. Elm St., Hopewell
1 Tree Farm Rd., Pennington

*DD&C’s recently completed transactions:
177 E. Delaware Ave., Pennington
185 Pleasant Valley Rd., Hopewell
8 Creek Rim Dr., Titusville
12 Ingleside Ave., Pennington
6 Creek Rim Dr., Titusville
4 Harbourton Mt Airy Rd., Hopewell

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