LUXURY MARKET REPORT
Multi-Year Summary


Single Family Properties Over $1MM



 

Noteworthy Observations:

Rehoboth Beach consistently ranks highest in single family luxury home sales (homes sold above the $1MM threshold) throughout the Coastal Delaware region.

As for the Coastal Delaware region as a whole:

1)  Luxury homes sold 4 days (3%) faster in 2019 compared to 2018 stats.

2)  In 2019, the Average Sold Price increased significantly, $244K (15%) over 2018.

3)  Currently, inventory in the luxury segment of the market is relatively low at approximately 8 months.

 

Q2 Active Lux StatsLux Sold header BQ2 SOLD Lux Stats v2

2018 Lux Sales

2017 Lux Sales

2016 Lux Sales

Lux 2015 BLux 2014 BLux 2013 B


SOURCE: Data compiled from Bright™ MLS System, as of January 9, 2020, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.