Dewey Market Watch 10/14/21 thru 11/3/21
Happy Holidays! It’s that time of the year again. The holiday season is upon us. The daylight hours are getting much shorter, kind of like the inventory in our market:) Dewey’s entire inventory includes three single family homes on land that you own, one single family on leased land and two condos. Killens Addition, Dodds Addition, Silver Lake Manor, Ann Acres, Poynters Addition, Sea Breeze Dev and Country Manor only offer one single family home and one condo and that’s the entire inventory. Limited inventory results in low transactions thus this very small update for a 2.5 week time span. The interest rates have remained the same, a 30 year fixed is 3.125% and a jumbo loan remains at 2.750. Happy and safe holidays to all!!!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 122 Jersey St. 54 year lease @ $19k yr | Rehoboth By The Sea | 3bd/2ba | $805,125 |
| SINGLE FAMILY PENDING | LOCATRION | SIZE | ASKING PRICE |
| N/A | N/A | N/A | N/A |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSING PRICE |
| 22 Jersey St. | Rehoboth By The Sea | 4bd/2ba | $1,735,150 | $1,790,000 |
| 118 Jersey St. 60 year lease @ $19K yr | Rehoboth By The Sea | 3bd/2ba 1,350 sq’ | $790,000 | $780,000 |
| 123 Swedes St. | Dewey Beach | 3bd/1.5ba | $1,100,000 | $1,060,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| N/A | N/A | N/A | N/A | N/A |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| 1301 Coastal Hwy | #402 Lighthouse Cove | 3bd/3ba 1,574 sq’ | $1,449,900 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 1609 Coastal Hwy. | #403 Opal | 2bd/2ba | $550,000 |
| 1904 Coastal Hwy. | #D Surfrider | 3bd/2ba | $635,000 |
| 20960 Rogers Ave. | #4 El Capitan | 2bd/1ba | $199,900 |
| 101 Swedes St. | #1 Four Tides | 5bd/4.5ba 2,600 sq’ | $1,495,000 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSING PRICE |
| 1301 Coastal Hwy. | #462 Lighthouse Cove | 3bd/2.5ba 1,362 sq’ | $1999,999 | $1,888,000 |
| 1301 Coastal Hwy. | #422 Lighthouse Cove | 2bd/2ba 1,077 sq’ | $899,000 | $899,000 |
| 2 McKinley Ave | #204 Sunspot | 2bd/1ba | $679,900 | $715,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| 38372 F Benson St. | Killens Addition | 2bd/1ba | $239,900 | $234,900 |
