LUXURY MARKET REPORT
Single Family Properties Over $1MM
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.
* 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.