$699K  
The number of home sales in the Lewes market climbed 12.5% to nine homes over the last 30 days, above the 1.5 monthly average. To put it in perspective, close-by Milford registered 17 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $464,030 over the latest reporting period for Lewes, down from $547,765. Even after the uptick in sales, an elevated 11 months of inventory tells us that Lewes is still a solid buyer's market.
Comments:

$330K  
The Lewes market showed positive signs this week and remained above its average as sales spiked 150.0% to reach five homes sold over the last 30 days. In comparison, nearby Milford had nine sales in the same time frame, the most of all neighboring cities. The median sales price rose to $464,030 over the latest reporting period for Lewes, up from $398,250. Despite the uptick in sales, there are still 20 months of inventory left to work through, meaning Lewes is still a definite buyer's market.
Comments:

$599K  
With a budding downward trend of new sellers listing homes, including six over the last 30 days, and sales that rose to one in that same time frame, the Lewes market will be less intense. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. While new listing numbers fell, prices dropped as well. This week's reported median sales price of $631,500 continued a four-week downward trend. Lewes is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 85 months of remaining inventory.
Comments:

$899K  
The Lewes market was quiet this week and reported zero home sales over the last 30 days. Lewes usually averages 0.8 sales per month. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks.
Comments:

Lewes is a small city in Delaware with a median income of $55,947 per household. On top of being affluent, it also ranks as the fifth-youngest with a median age of 62 years. The Lewes market is primarily made up of detached houses, which currently account for 83% of the homes for sale in the area. Leading the list of best schools in the city are Shields Elementary School, Beacon Middle School, and Cape Henlopen High School.
Comments:

$775K  
The Lewes market was quiet this week and reported zero home sales over the last 30 days. Lewes usually averages 0.8 sales per month.
Comments:

$775K  
Fewer sellers put their homes up for sale in the Lewes market over the last 30 days and the number of new listings tumbled this week to two. Home sales remained unchanged from the prior period and once again one home was sold. Pricing in Lewes remains consistent from last week to this week, with the median sales price at $485,000 again. With no movement in sales and the availability of eight months of inventory, Lewes is a strong buyer's market.
Comments:

$775K  
Over the last 30 days, a budding upward trend of new sellers coming into the Lewes market continued, with three listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. The median sales price of all transactions in Lewes did not budge this week, remaining at $485,000. Lewes is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
Comments:

$775K  
While home sales in the Lewes market have been above average, in this week's report they slid 50.0% to one home sold over the last 30 days. In comparison, nearby Milford had 18 sales in the same time frame, the most of all neighboring cities. The median sales price dropped dramatically to $485,000 over the latest reporting period for Lewes, down from $1,242,500. With decreasing sales and the availability of 11 months of inventory, Lewes is a solid buyer's market.
Comments:

$959K  
Sales rose in the Lewes market to two homes sold over the last 30 days. But the market is also under a determined downward trend in the number of contracts closing, with this week's number falling to zero. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $1,242,500 continued a four-week upswing.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Snapped 3 homes in this area
Century 21 Colonial Realty
Snapped 3 homes in this area
Long & Foster Real Estate, Inc.
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
2 snaps in this area
2 snaps in this area
1 snap in this area
6 snaps in this area
1 snap in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by Black Knight Financial Services. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy
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.