Dewey Market Watch 4/3/25 thru 4/27/25
Summer temps have hit the beach! There’s nothing like kicking your toes into the sand and watching the waves. It’s truly the best stress relief that there is! I think that’s what everyone has been doing. The market has been incredibly slow. There’s been only one pending home sale in the last three weeks and this is prime time! There’s definitely been an increase of new listings. Presently there’s three fee simple family homes, two leased land single family homes, nine condos, two Surf Club units on the market within Dewey town limits. There’s two single family homes in Indian Beach, two single family homes in Ann Acres and one home in Dodds Addition. That’s a total inventory of 22 listings for the spring selling season. The inventory is very well stocked with a variety of options and availabilities. I believe the dip in the stock market has a lot to do with our slow spring market. I’ve already had two clients that backed off of shopping for the time being until the dust settles. Could we possibly see a rate drop after rumors indicated there wouldn’t be any in 2025? Time will tell!
I just sweetened the price, $75,000 off my listing at 24 Van Dyke St. #B Van Dyke Villas. The unit has an excellent entertaining floor plan, 1,912 sq’ two owner suites (better rentals), super large screened porch, new roof, new siding… The new price is $1,394,000. Great deal, check it out before it’s gone!!!
Summer temps are here to stay. Blue skies, sandy beaches, brilliant sunshine and lots of smiles, what more could a person ask for. See you at the beach!!!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 111 Carolina St. 50 year lease @ $18,500 yr | Rehoboth By The Sea | 3bd/2ba | $1,750,000 |
| 38225 Anna B St. | Dodds Addition | 6bd/5.5ba 3,315 sq’ | $2,295,000 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 21029 Rogers Ave. | Ann Acres | 4bd/3fl ba/2hlf ba 3,050 sq’ | $1,750,000 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 40 Beach Ave. | Indian Beach | 7bd/7.5ba 4,200 sq’ | $4,650,000 | $4,500,000 |
| 38262 Anna B St. | Dodds Addition | 4bd/4.5ba 2,400 sq’ | $2,300,000 | $2,300,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 102 West St. 51 year lease @ $25,420 yr. | Rehoboth By The Sea | 6bd/3ba 2,000 sq’ | $1,172,000 | $1,072,000 |
| 20906 Old Bay Rd. | Rehoboth Beach | 6bd/5ba 4,500 sq’ | $2,149,000 | $1,999,000 |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| 100 Collins Ave. | #201 Marina Views | 1bd/1ba | $695,000 |
| 21 Collins Ave. | #1B Tidewatch Apts | 2bd/1ba 650 sq’ | $650,000 |
| 124 Swedes St. | Swedes Street | 4bd/4.5ba 2,800 sq’ | $1,949,000 |
| 1301 Coastal Hwy. | C402 Lighthouse Cove | 3bd/3ba 1,574 sq’ | $1,880,000 |
| 24 Dickinson Ave. (back on market) | #8A Dewey Villas | 1bd/1ba | $549,000 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| N/A | N/A | N/A | N/A |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSED PRICE |
| 1406 Coastal Hwy | Delano | 2bd/2ba 893 sq’ | $799,000 | $790,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| 24 Van Dyke St. | #B Van Dyke Villas | 4bd/3ba 1,912 sq.’ | $1,469,000 | $1,394,000 |
| LAND FOR SALE | LOCATION | SIZE | ASKING PRICE |
| 20968 Coastal Hwy. | Ann Acres | 100 X 100 | $1,500,000 |
