$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.
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$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.
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$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.
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$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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$599K  
No deals were completed in the Dewey Beach market over the last 30 days. Dewey Beach usually averages 0.7 sales per month.
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$1.1M  
With a confirmed downward trend of new sellers listing homes, including one over the last 30 days, and sales that dropped to one in that same time frame, the Dewey Beach market will be cooling off. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price dropped to $530,000, down from last week's $579,500. Dewey Beach is a definite buyer's market, thanks to a big 28 months of inventory to choose from and a pullback in sales.
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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 7% of the current homes in the area. Heading the list of top schools in the city is Lewes Day Treatment Center.
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$489K  
In this week's report, the number of homes sold in the Dewey Beach market fell to two over the past 30 days, a decrease of 33.3% from last week's report, but still above the monthly average. Within the same time frame, Millsboro had two sales, the most of all cities in the area. The median sales price rose to $579,500, up from last week's $545,000. Dewey Beach is a solid buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
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$1.1M  
Over the last 30 days, the Dewey Beach market looked busy with three homes sold, a 50.0% increase from last week's report. To put it in perspective, close-by Ocean View registered two homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $545,000 over the latest reporting period for Dewey Beach, down from $587,000. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning Dewey Beach is still a definite buyer's market.
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