Dewey Beach is much younger the rest of Delaware, with a median age of 53. However, it happens to be the ninth-wealthiest city in the state, with a median income of $72,122 per household. The Dewey Beach market almost exclusively consists of condos and townhouses, accounting for 0% of the current homes in the area. The best school in the city is Lewes Day Treatment Center.
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$1.2M  
The Dewey Beach market has established a confirmed upward trend, even as sales remained the same this week at five homes over the last 30 days. Potential buyers should take note that the median sales price in Dewey Beach stayed flat at $675,000 and that there are four months of inventory still available.
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$1.2M  
The Dewey Beach market made gains this week and remained above its average as sales shot up 25.0% to reach five homes sold over the last 30 days. At the same time, close-by Milton reported two home sales, the highest number from all the surrounding cities. The median sales price rose to $675,000, and there are a fairly average four months of inventory left to be sold.
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$1.2M  
The number of homes coming into the Dewey Beach market stayed firm with zero listings over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. The prices of sold homes went up with the median sales price setting a three-month high at $674,950.
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$1.2M  
The Dewey Beach market got a boost this week as sales rose to four homes sold over the last 30 days to go with an identifiable upward trend of contracts closing, now up to three. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price jumped to $642,500, up from last week's $459,900.
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$1.2M  
Over the last 30 days, the Dewey Beach market showed positive signs with two homes sold, a 100.0% increase from last week's report. Within the same time frame, Georgetown had four sales, the most of all cities in the area. The median sales price jumped to $459,900, up from last week's $119,900. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning Dewey Beach is still a strong buyer's market.
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Dewey Beach is a small city in Delaware with 341 residents. Also, it has a lower than average density with 1,039.5 people per square mile. Dewey Beach is an area where 9.5% of the homes are owned, while 2.5% are rented. The best school in the city is Lewes Day Treatment Center.
Comments:

$459K  
The Dewey Beach market may be experiencing a pronounced pullback but sales stood their ground this week at one home sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price remained unchanged over the latest reporting period for Dewey Beach, coming in at $119,900. With a downward trend in sales numbers and 25 months of inventory still left to work through, Dewey Beach is a solid buyer's market.
Comments:

$634K  
There was one home sale in the Dewey Beach market over the last 30 days, exceeding the 0.7 monthly average for the last 12 months. At the same time, close-by Rehoboth Beach reported three home sales, the highest number from all the surrounding cities. Dewey Beach is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 27 months of remaining inventory.
Comments:

$459K  
The Dewey Beach market was quiet this week and reported zero home sales over the last 30 days. Dewey Beach usually averages 0.7 sales per month.
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