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 have remained on the market 19 days longer (a 13% increase) during the first six months of 2019 compared to full-year 2018 stats.

2)  The Average Sold Price increased significantly, $290K (18%), through mid-year 2019 versus 2018.

3)  Inventory in the luxury segment of the market is currently at approximately 12 months.

 

Q2 Active Lux StatsLux Sold header BQ2 SOLD Lux Stats v22018 Lux2017 Lux2016 LuxLux 2015 BLux 2014 BLux 2013 B


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