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Market Trends
Commentary Provided bySusan N. Giove If you can qualify, now is an exceptional time to buy a home in Rehoboth Beach. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 302-841-5331 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Dover, DE | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 90-120 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $275,000 - View Graph Trend | ||
| Best Selling Price Range | $350,000 - $399,000 | ||
| Worst Selling Price Range | $700,000 - $749,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Rehoboth Beach is | Increasing | ||
| Seller Activity for the past 90 days in Rehoboth Beach is | Increasing | ||
| Is Financing Available For Qualified Buyers in Rehoboth Beach? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Sussex County area are considered 'Housing Hotspots' Millsboro Milton Long Neck | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Rehoboth Beach! whether you ar lookig for a relocation property or an investment property! | ||
| Average Sold Price | $275,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Susan N. Giove
Mann and Sons, Inc. Rehoboth Beach, Delaware 302-841-5331 sngiove@msn.com Agent Home Page 
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Rehoboth Beach Local News
News for Rehoboth Beach, DE - Friday October 30th, 2009 3:04pm
Great weather!
Geat Fall activities & Great Fall Pricing available
Housing market has definitley picked up here at the beach & on the eastern section of Sussex County.
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302-841-5331
