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Market Conditions in Rehoboth Beach : Real Estate Advice

  • All66
  • Local Info3
  • Home Buying28
  • Home Selling5
  • Market Conditions3

Activity 3
Fri Jan 10, 2014
Virginia Egan answered:
Agreed. The flurry of activity we saw during the Holidays was unexpected but welcome.
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Tue Dec 10, 2013
Rehoboth Beachteam answered:
You could consider a property listed for up to $289, 000 and offer cash to purchase. Depending on the individual sellers position they may be eager to take $250, 000 cash, they may not. Being a cash buyer offer a convenience to a seller, especially if you add a quick settlement . Happy to help you. I have lived here all of my life and know the area well. Look forward to assisting you. Carla Scheder ... more
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Sun Dec 30, 2012
Oldfather Group~The Coastal Specialists answered:
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
... more
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Market Conditions in Rehoboth Beach Zip Codes

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