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 10 days (over 7%) faster in 2020 compared to 2019 stats.
2) In 2020, the Average Sold Price decreased slightly, $138K (7.4%) versus 2019 prices.
3) Currently, inventory in the luxury segment of the market is extremely low.
SOURCE: Data compiled from Bright™ MLS System, as of Febuary 10, 2021, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.