LUXURY MARKET REPORT
Seven Year Summary
Single Family Properties Over $1MM
Rehoboth Beach consistently ranks highest in single family luxury home sales throughout the coastal Delaware region. The luxury market appears to be healthy and showing positive, steady improvements, specifically:
1) Throughout coastal Delaware, Rehoboth Beach consistently ranks highest in the luxury home market (homes sold above the $1MM threshold).
2) Luxury homes are selling 2 days sooner (1% faster) by mid-2018 compared to mid-2017 stats.
3) The Average Sold Price decreased by $226K (13.1%) in 2018 versus 2017.
4) 2018 saw an 18% increase over 2017 in the number of $1MM+ homes sold (100 -vs- 85).
5) Currently, there is under than one year’s inventory of homes in today's luxury market.
* SOURCE: Data compiled from Bright™ MLS System, as of July 17, 2018, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.