LUXURY MARKET REPORT
Seven Year Summary


Single Family Properties Over $1MM



 

Noteworthy Observations:

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 sold 22 days sooner (13% faster) throughout 2018 compared to 2017 stats.

3)  The Average Sold Price decreased by $117K (6.5%) in 2018 versus 2017.

4)  2018 saw a 16% increase over 2017 in the number of $1MM+ homes sold (185 -vs- 159).

 

SOLD and Active Lux Stats
Lux Sold header B2018 Lux2017 Lux2016 LuxLux 2015 BLux 2014 BLux 2013 BLux 2012 B


* SOURCE: Data compiled from Bright™ MLS System, as of April 9, 2019, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.