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.
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.