Dewey Market Watch 2/19/26 thru 4/2/26
Happy Springtime and oh what a Spring it’s been! Happy to get my seven continuing education classes beyond me, thus the delayed update:) The Dewey Beach market has been kicking butt! I saw the statistics for the market for all of Sussex County. The entire market is down about 10% across the board. That’s not the case for the Dewey Beach and surrounding communities. We are a niche market! The single family and condo market is record high vs. last year’s numbers. What’s the driving force? Supply and demand are the reasons for our strong market. Supply has been minimal since the covid era thus creating the demand. New listings are selling at a record pace as long as they’re priced properly. We are realizing some price reductions to coincide with the slower market but overall our market is very strong. The interest rates have crept up into the mid 6’s for a 30 year primary. The slight increase hasn’t effected our market in the least bit. We have minimal inventory at the moment. There’s only 2 single family homes on the market in Dewey, one fee simple and one on leased land. We only have three condos and one Surf Club unit on the market. We have three single family homes available in Ann Acres, one in Indian Beach, one in Dodds Addition and a few new construction homes at Even Tide Lane. This is a bare bones inventory for our strongest selling season of the year. I’m fresh out of inventory in Dewey and desperately need some, so thinking of listing for the Spring selling season, please contact me for a free no pressure market analysis.
Many of the summer shorebirds are arriving after a long migration from South America. Hummingbirds should arrive in the next week or two. Area waters are starting to warm up after a long brutal winter. Summer fish are starting to get caught along with crabs!! The beaches are now warm enough to spend the day relaxing. It’s a great time to be a local! Wishing you and your family a happy and safe Easter holiday!!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 107 Swedes St. | Rehoboth By The Sea | 5bd/3.5ba 2,600 sq’ | $2,275,000 |
| 303 Salisbury St. | Seabreeze Dev | 4bd/3ba 3,934 sq’ | $2,500,000 |
| 20994 Dodd Ave. | Ann Acres | 4bd/2bd 1,296 sq’ | $998,500 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 2 Chicago St. | Rehoboth By The Sea | 6bd/5.5ba 2,666 sq’ | $4,795,000 |
| 103 Carolina St. 51 year lease @ $25,757 yr. | Rehoboth By The Sea | 4bd/3.5ba 1,600 sq. | $2,100,000 |
| 107 Swedes St. | Rehoboth By The Sea | 5bd/3.5ba 2,600 sq’ | $2,275,000 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 112 Swedes St. | Rehoboth By The Sea | 4bd/2ba 1,755 sq’ | $1,595,000 | $1,575,000 |
| 120 Read Ave. | Dewey Beach | 5bd/3.5ba 2,800 sq’ | $2,200,000 | $2,200,000 |
| 307 Swedes St. | Sea Breeze Dev | 3bd/1ba 1,650 sq’ | $1,799,000 | $1,700,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 24 West St. 55 year lease @ $29,149. yr | Rehoboth By The Sea | 3bd/1.5ba 1,092 sq’ | $1,600,000 | $1,500,000 |
| 1602 Bayard Ave. | Rehoboth By The Sea | 4bd/2ba 1,516 sq’ | $1,495,000 | $1,425,000 |
| 19 Palmer Ave. | Indian Beach | 3bd/4.5ba 3,354 sq’ | $4,500,000 | $4,250,000 |
| 21008 Dodd Ave. | Ann Acres | 8bd/4ba 2,184 sq’ | $$1,815,000 | $1,699,000 |
| 37926 Even Tide Lane | Even Tide | 5bd/3.5ba 3,074 sq’ | $1,588,060 | $1,582,095 |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| 25 Collins Ave. | #3A Tidewatch Apts. | 2bd/1ba 600 sq” | $665,999 |
| 1 Read. Ave. quarterly fractional share | #114 B Surf Club | 0 bd/1ba 354 sq’ | $67,000 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 21 Houston St. | #10 Ocean View (2) | 2bd/1ba 550 sq’ | $575,000 |
| 2 Swedes St. | #3 Bermuda Sea Mist | 4bd/2.5 ba 1,700 sq’ | $1,575,000 |
| 119 Dagsworthy St. | #B Rainbow Cove | 3bd/2ba 972 sq’ | $749,900 |
| 121 Chesapeake St. 58 year lease @ $18,208 yr. | #2 Sea Haven | 2bd/1ba 739 sq’ | $509,000 |
| 2007 Bayard Ave. | #2 Baystrand 3 | 3bd/3ba 2,100 sq’ | $975,000 |
| 4 Seastrand Ct. 51 year lease @ $23,472 yr. | #19 Seastrand | 3bd/2ba 1,100 sq’ | $1,595,000 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSED PRICE |
| 27 New Orleans St. | #B New Orleans Place | 2bd/2ba 840 sq’ | $750,000 | $725,000 |
| 8 Swede St. 50 year lease @ $10,000 yr. | Mariners Surfside | 2bd/1ba 580 sq’ | $595,900 | $600,000 |
| 119 Dagsworthy Ave. | #C Rainbow Cove | 3bd/2ba 972 sq’ | $789,000 | $775,000 |
| 1406 Coastal Hwy. | #3D Delano | 2bd/2ba 1,037 sq’ | $750,000 | $735,000 |
| 1904 Coastal Hwy. | #E Surfrider | 3bd/2ba 1,300 sq’ | $874,999,99 | $735,000 |
| 16 Clayton St. | #A Seascape Condos | 4bd/3.5ba 2,048 sq’ | $1,995,000 | $1,995,000 |
| 1301 Coastal Hwy | #463 Lighthouse Cove | 3bd/2.5ba 1,696 sq’ | $2,400,000 | $2,300,000 |
| 1301 Coastal Hwy. | #256 Lighthouse Cove | 2bd/2ba 1,077 sq’ | $1,012,500 | $1,012,500 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| 1103 King Charles. | #5 Ocean View (4) | 3bd/2ba 901 sq’ | $933,000 | $898,000 |
