Confused Buy…, Home Buyer in Rehoboth Beach, DE

How much has real estate prices dropped for single family homes in 1. Rehoboth/Lewes and 2. Ocean View since 6/09?

Asked by Confused Buyer, Rehoboth Beach, DE Tue Mar 2, 2010

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3
Christopher Kavanagh’s answer
Dear Confused,

In Ocean View the average single family since 6/09 is -7.26%

In Rehoboth Beach the average single family (east of rt. one) since 6/09 is +13.10%

Any questions please call or email anytime.

Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
0 votes Thank Flag Link Wed Mar 3, 2010
Here is a quick update as of 12/14/12 for Homes in the 19971 (Rehoboth Beach/Dewey) Zip Code. Although the averages are down for single family homes overall that is a little misleading as many homes in the luxury market have skewed the numbers. Homes and condos that are turn key are selling with multiple offers and are not staying on the market long. As you can see, the condo market is vastly improved with lender guidelines becoming easier to navigate. Still a great time to buy as there is some shadow inventory expected in the first half of this year, but if you find something pull the trigger. Hope this helps!

Warm Regards,

Dustin & Mariya

AVERAGE SOLD PRICE

Single Family Homes
2009 $644,120
2010 $698,135
2011 $641,001
2012 $614,379

Condos
2009 $354,117
2010 $380,540
2011 $338,361
2012 $347,693
0 votes Thank Flag Link Sun Dec 30, 2012
Dear Confused,

In Ocean View the average single family since 6/09 is -7.26%
In Rehoboth Beach the average single family since 6/09 is +13.10%

Please call or email any questions.

Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
0 votes Thank Flag Link Wed Mar 3, 2010
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