$485K  
Over the last 30 days, the Edgemoor market showed strong improvement with seven homes sold. It marks a 40.0% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. Within the same time frame, Wilmington had 60 sales, the most of all cities in the area. Prices are rising in Edgemoor, and the median sales price this period increased from $103,000 to $124,900.
Comments:

$147K  
Sales in the Edgemoor market ticked up to five homes sold over the last 30 days, while the number of sellers reducing their list prices reached 19, which continues an extended upward trend in price reductions. Potential buyers should note that prices went up in Edgemoor, with the median for this period rising from $101,500 to $103,000. Even after the uptick in sales, an elevated nine months of inventory tells us that Edgemoor is still a strong buyer's market.
Comments:

$485K  
Edgemoor is a larger than average city in Delaware with 5,677 residents. Its population is growing slower than the rest of the state, at a 10-year growth rate of -7.0%. The Edgemoor market mostly consists of condos and townhouses, accounting for 39% of the current homes in the area. Heading the list of top schools in the city is Mount Pleasant Elementary School.
Comments:

$219K  
The Edgemoor market picked up in this week's report, as the number of sales went up to four homes sold over the last 30 days. Within the same time frame, Wilmington had 59 sales, the most of all cities in the area. Potential buyers should note that prices went up in Edgemoor, with the median for this period rising from $64,225 to $101,500. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning Edgemoor is still a definite buyer's market.
Comments:

$117K  
With two homes sold in the Edgemoor market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 18 new listings for buyers to choose from. The median sales price dropped to $64,225, extending a four-week long spiral. Along with the falling prices, the relatively large 24 months of inventory means that Edgemoor is a definite buyer's market.
Comments:

$117K  
On top of a 66.7% drop in sales numbers this week to land at two homes sold over the last 30 days, the Edgemoor market still shows a budding trend downward overall. As sales trended down, the median sales price dropped, falling to $82,675, a nine-month low. Edgemoor is a solid buyer's market, due to a downward trend in sales numbers and prices, and 23 months of inventory remaining.
Comments:

$279K  
Over the last 30 days, the Edgemoor market had a decrease in home sales with five. Furthermore, the amount of pending transactions continued to decline, with a total of five contracts during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price jumped to $139,900 over the latest reporting period for Edgemoor, up from $114,950. Edgemoor is a definite buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$485K  
The population of Edgemoor is less affluent than average compared to others in Delaware with a median income of $44,762 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 106.8. With a median age of 49 years, homes in Edgemoor tend to be older than most. Heading the list of top schools in the city is Mount Pleasant Elementary School.
Comments:

$117K  
July was the last time there were so many price reductions in the Edgemoor market, with 11 reported over the last 30 days. Additionally, a four-week downturn in sales was extended this week with eight transactions in the same period. In comparison, Wilmington led all other nearby municipalities with 164 price reductions. As new listings came into the market, months of inventory continued to climb as well, trending upwards for four weeks to reach six months.
Comments:

$127K  
Over the last 30 days, 10 homes were sold in the Edgemoor market, holding even with last week's numbers. However, the market is still in a confirmed downward trend overall. Potential buyers should note that there are now four months of inventory available in Edgemoor and prices have come down. The median sales price dropped to $128,450.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
RE/MAX SUNVEST REALTY INC
5 reviews
Michael Ferretti
Snapped 1 home in this area
Berkshire Hathaway HomeServices
Snapped 4 homes in this area

Agents that specialize in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.