Frank, Both Buyer and Seller in Rehoboth Beach, DE

How much (%) have home prices declined in Reboboth Beach, DE since May, 2008.?

Asked by Frank, Rehoboth Beach, DE Mon Jul 13, 2009

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3
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. 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
Hi Frank,

Now is a great time to list or buy a home. Please call me to go over the current market in Rehoboth.

Brendan Garfield Crotty

(302) 858 - 3234

President Southern Sussex Rotary

E-mail: Brendan@BrendanGarfieldCrotty.com

Website: http://www.BrendanGarfieldCrotty.com

ResortQuest Real Estate
(302) 541 - 8778
(302) 539 - 8600
33012 Coastal Highway
Bethany Beach, DE 19930
0 votes Thank Flag Link Sat Jan 16, 2010
Hi Frank,

You did not specify single family or condo/town-home or if you were just interested in sold properties east of Rt.1. The average single family east of Rt. 1 sold in 2008 for $933,607 and YTD 2009 the average single family sold east of Rt. 1 has been $768,506 which is a decrease of 17.68%. If you have any questions please contact me anytime.

Chris Kavanagh
Coldwell Banker Residential Brokerage
Bethany Beach, DE 19930
302-829-9068
chris@5starbeachhomes.com
0 votes Thank Flag Link Tue Jul 14, 2009
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