— Single Family & Condo/Townhome Sales —
The Year-End 2017 numbers are tabulated and the adjacent chart shows the Coastal Delaware market comparison to 2016 for single family homes, townhomes, and condos combined.
As you can see, the numbers show a very strong market, with increased demand and increased prices. 2017 sales statistics show a significant increase in the number of homes sold along with a declining number of days on market. This, coupled with a limited home inventory, has led to increased prices, as reflected in both the average list and sold prices.
1) The Number of Homes sold in Coastal Delaware increased over 16.8% over 2016.
2) Homes stayed on the market an average of 124 days in 2017 vs 141 days in 2016; a 12.1% faster turn rate.
3) The average list price increased by 3.8% with average sold prices up by nearly 5%— as compared to 2016.
* Data compiled from the following zip codes:
19930 Bethany Beach; 19944 Fenwick Island; 19945 Frankford; 19958 Lewes; 19966 Millsboro (includes Long Neck); 19967 Millville; 19968 Milton; 19970 Ocean View; 19971 Rehoboth Beach (includes Dewey Beach); 19975 Selbyville.
Data compiled as of January 19, 2018.
Click here to return to the Market Analysis homepage for additional coastal Delaware real estate reports.
Source of all compiled data is: Matrix™ Multiple Listing Service System, as of January 19, 2018; subject to change without notice; may not reflect all real estate transactions;
considered accurate but not guaranteed; and does not constitute an opinion of nor is data accuracy responsibility of any Association or its members.