Dewey Market Watch 1/7/26 thru 2/5/26
Artic temperatures freeze Rehoboth and Indian River bays and there’s another artic plunge in the forecast! I would expect the market to be dead right now with all of the snow and ice here and much more accumulation in the northern and western states of us. Typically travel is difficult and there’s usually a lull in activity but that’s not the case. The market is on fire! There’s seven pending contracts for the previous three weeks which is comparable to the spring selling season. I’ve had multiple offers in my last three listings. The rates are hovering around 6% and rumors are still hinting towards future rate drops. All indications are pointing towards a very good market in 2026. The sale of the seven transactions reduced our present inventory in half leaving us only 7-8 resale listings on the market. Evergreen homes is offering six new construction single family homes just north of Dewey off of Anna B St.. Numerous other new construction projects are on menu. If you couple in that the economy is strong, interest rates are good and hopefully even getting better, available new construction and resale, how could 2026 not be a banner year? Expect a banner year!!!
******owners, please double check on all of your properties. Tonight’s low is 12, Saturday night has a low of seven degrees, and Sunday night is eight. 50-60 MPH winds on Saturday is going to create a wind chill factor of -15 to -20 degrees below zero! Plumbing has been freezing inside and outside of the homes. NEIGFHBORS LOOK OUT FOR EACH OTHER. Take shelter and drink accordingly:):)
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 19 Palmer Ave. | Indian Beach | 3bd/4.5ba 3,354 sq’ | $4,500,000 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 307 Swedes St. | Seabreeze Dev | 3bd/1ba 1,650 sq’ | $1,799,000 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 23 Jersey St. | Rehoboth By The Sea | 4bd/2fl ba/3hlf ba 2,300 sq’ | $2,990,000 | $2,900,000 |
| 122 Houston St. | Dewey Beach | 3 cottages double lot tear downs | $2,500,000 | $2,200,000 |
| 114 Chesapeake St. 32 year lease @ $11K yr. | Rehoboth By The Sea | 4bd/3ba 2,000 sq’ | $2,150,000 | $2,110,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 1602 Bayard Ave. | Rehoboth By The Sea | 4bd/2ba 1,516 sq’ | $1,695,000 | $1,495,000 |
| CONDO NEW | BUILDING | SIZE | ASKING PRICE |
| 1103 King Charles Ave. | #5 Ocean View (4) | 3bd/2ba 901 sq’ | $933,000 |
| 4 Seastrand Ct. 59 year lease @ $22,760 yr | #19 Seastrand | 3bd/2ba 1,100 sq’ | $1,595,000 |
| 1 New Orleans St. | #7 Sandpiper Village | 4bd/1.5ba 1,200 sq’ | $1,599,999 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 119 Dagsworthy Ave. | unit C Rainbow Cove | 3bd/2ba 972 sq’ | $789,000 |
| 1301 Coastal Hwy. | #256 Lighthouse Cove | 2bd/2ba 1,077 sq’ | $1,012,500 |
| 1301 Coastal Hwy. | #463 Lighthouse Cove | 3bd/2.5ba 1,696 sq” | $2,400,000 |
| 1406 Coastal Hwy | #3D Delano | 2bd/2ba 1,037 sq’ | $750,000 |
| 25 Collins Ave | #3A Tidewatch Apts. | 2bd/1ba 600 sq’ | $665,999 |
| 38373 F Benson St. | #2 Benson Proper | 2bd/1ba 500 sq’ | $499,000 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSED PRICE |
| 21 Houston St. | #7 Ocean View (2) | 1bd/1ba 400 sq’ | $475,000 | $460,000 |
| 1301 Coastal Hwy. | #362 Lighthouse Cove | 3bd/2.5ba 1,523 sq’ | $2,299,900 | $2,025,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| N/A | N/A | N/A | N/A | N/A |
