Edgemoor is a city in Delaware. It's less affluent than average and the cost of living is average compared to the rest of the state, with a median income of $44,762 per household and cost of living adjustment score of 106.8. Edgemoor is made up of homes that are considered older than most with a median of 49 years. The top school in the city is Mount Pleasant Elementary School.
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$485K  
In this week's report, the number of homes sold in the Edgemoor market dropped to six over the past 30 days, a decrease of 14.3% from last week's report. Within the same time frame, Wilmington had 90 sales, the most of all cities in the area. Potential buyers should note that prices are coming down in Edgemoor, and for this period the median sales price slid from $65,000 to $58,000. Edgemoor is a solid buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$485K  
The Edgemoor market saw 12 homes go under contract and failed to break out of a new downward trend. Along with that, total home sales fell to six over the last 30 days. 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 dropped to $91,850 over the latest reporting period for Edgemoor, down from $115,000. Edgemoor is a definite buyer's market, due to a downward trend in contracts numbers and seven months of inventory remaining.
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$485K  
The Edgemoor market saw sales reduction 13.3% this week but it is currently in the midst of a confirmed upward sales trend, including 13 homes sold over the last 30 days. While sales numbers were strong, the median sales price of those homes came in at $100,000, which extended a downward swing in price to four weeks. In spite of the falling prices, a low three months of inventory signals that Edgemoor is still a seller's market.
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$485K  
This week in the Edgemoor market, sales fell to 14 homes sold over the last 30 days, coinciding with a new downward trend in price reductions, with seven in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price rose to $83,500 over the latest reporting period for Edgemoor, up from $78,000. In spite of the decrease in sales, a low three months of inventory signals that Edgemoor is a seller's market.
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With 5,677 residents, Edgemoor is a larger than average city in Delaware. Also, with a 7.0% decrease over the last 10 years, its population is growing slower than other parts of the state. The Edgemoor market mostly consists of condos and townhouses, accounting for 41% of the current homes in the area. Heading the list of top schools in the city is Mount Pleasant Elementary School.
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$485K  
The number of home sales in the Edgemoor market climbed 7.7% to 14 homes over the last 30 days. Within the same time frame, Wilmington had 90 sales, the most of all cities in the area. The median sales price rose dramatically to $89,000, up from last week's $67,000. The rising sales and a low three months of inventory point to Edgemoor being a seller's market.
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$485K  
The number of home sales in the Edgemoor market jumped 85.7% to 13 homes over the last 30 days, exceeding the 8.4 monthly average for the last 12 months. At the same time, close-by Wilmington reported 90 home sales, the highest number from all the surrounding cities. Pricing in Edgemoor remains consistent from last week to this week, with the median sales price at $67,000 again. With just two months of inventory available and sales going up, Edgemoor is a definite seller's market.
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$485K  
The Edgemoor market closed in on its 12-month sales average this week as sales spiked 133.3% to reach seven homes sold over the last 30 days. In comparison, nearby Wilmington had 85 sales in the same time frame, the most of all neighboring cities. Prices are falling in Edgemoor, and this period the median price of all sales fell from $78,000 to $67,000.
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$239K  
Over the last 30 days, the number of homes sold in the Edgemoor rose to three. While the sales increased, the amount of pending transactions also trended upward, reaching a total of 11 during the same period. The median sales price dropped to $78,000 over the latest reporting period for Edgemoor, down from $108,000. Edgemoor is a still definite buyer's market, in spite of the rising contracts numbers, due to the availability of 11 months of remaining inventory.
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