Dewey Market Watch 5/19/21 thru 7/6/21
Happy summer! It’s great to see everyone’s smiling faces again!! The market remains strong as ever. New listings are selling in record time. Presently there are five single family homes and six condos active for sale in Dewey. Ann Acres has one listing. Dodds Addition has two listings and Silver Lake Manor has one listing. The average time for a ratified contract has been within a week or two. Multiple offers are still the norm with many of them still selling over asking price. The interest rates remain at 2.875% for a 30 year fixed and 2.875% for a jumbo loan. There are no indications that the interest rates are going to rise anytime in the near future. It’s a great time to list with minimal inventory in the market. If you’re considering buying then it’s very smart to be educated by a Realtor so that you’re up to date with values in today’s hectic market. Any potential buyer must be ready to view and present an offer asap or you may lose due to market demand.
ALERT!!! Drivers need to start paying attention to the crossovers in Dewey. The crosswalks are an accident waiting to happen. I work in Dewey every day. I’ve witnessed so many drivers with their heads up their butts that almost ran entire families over. I have been personally stopped for pedestrians crossing the highway in the designated crosswalks only to have a driver in the adjacent lane never even slowed down. This has already happened to me a good dozen times. Flashing lights or no flashing lights at the crossovers you MUST proceed with extreme caution. Who wants to drive fast in Dewey anyway?? C’mon people pay attention before someone gets seriously injured. The weather has been superb and summer is in full swing. Get out and enjoy!!!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 1502 Coastal Hwy. (zoned commercial) | Dewey Beach | 3bd/1ba | $990,000 |
| 15 Cullen St. | Rehoboth By The Sea | 5bd/6.5ba 4,080 sq’ | $4,950,000 |
| 33 Rodney Ave. | Dewey Beach | 3bd/2ba | $1,500,000 |
| 131 Chesapeake St. | Rehoboth By The Sea | 5bd/3ba 2,140 sq’ | $2,195,000 |
| 21089 Elizabeth Ave. | Ann Acres | 2bd/1ba | $1,100,000 |
| 1 Beach Ave. | Indian Beach | 6bd/5.5ba 3,500 sq’ | $4,399,000 |
| 7 Hall Ave | Chancellery | 6bd/7fl ba/2hlf ba 5,200 sq’ | $3,995,000 |
| 108 St. Louis | Rehoboth By The Sea | 2bd/1.5ba | $999,000 |
| 120 Dagsworthy St. (undersized 1,742 sq’ lot) | Dewey Beach | 2bd/1ba 520 sq’ | $625,000 |
| 20588 Fisher St. | Dodds Addition | 3bd/3ba 1,800 sq’ | $1,200,000 |
| 21100 Elizabeth Ave. | Ann Acres | 3bd/3ba | $799,000 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 33 Hall Ave | Chancellery | 5bd/5ba 4,070 sq’ | $2,650,000 |
| 108 St. Louis St. | Rehoboth By The Sea | 2bd/1.5ba | $999,000 |
| 15 Hazlett St. | Indian Beach | 10bd/7fl ba/2hlf ba 7,750 sq’ | $4,799,999 |
| 38142 Terrace Rd. | Silver Lake Manor | 5bd/4.5ba 2,547 sq’ | $919,900 |
| 120 Dagsworthy St. (undersized 1,742 sq’ lot) | Dewey Beach | 2bd/1ba 520 sq’ | $625,000 |
| 38328 William F St. | Dodds Addition | 3bd/2ba | $1,150,000 |
| 206 Carolina St. 51 year lease @ $13,168yr. | Rehoboth By The Sea | 3bd/2ba | $775,000 |
| 3 Bellevue St. | Dewey Beach | 4bd/3.5ba 2,000 sq’ | $2,195,000 |
| 21089 Elizabeth Ave. | Ann Acres | 2bd/1ba | $1,100,000 |
| 38142 Terrace Rd. | Silver Lake Manor | 5bd/4.5ba 2,547 sq’ | $919,900 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 121 Jersey St. 56 year lease @ $17,212 yr. | Rehoboth By The Sea | 3bd/1.5ba | $925,000 | $895,000 |
| 9 New Orleans south (condominiumized) | Rehoboth By The Sea | 4bd/3.5ba 2,400 sq’ | $1,449,000 | $1,449,000 |
| 9 New Orleans north (condominiumized) | Rehoboth By The Sea | 4bd/3.5ba 2,400 sq’ | $1,399,000 | $1,399,000 |
| 119 Swedes St. | Rehoboth By The Sea | 5bd/3ba 2,000 sq’ | $1,375,000 | $1,275,000 |
| 39 Beach Ave. | Indian Beach | 3bd/2ba | $1,374,900 | $1,305,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 131 Chesapeake St. | Rehoboth By The Sea | 5bd/3ba 2,140 sq’ | $2,195,000 | $2,095,000 |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| 25 Read Ave. | #1 Sea Breeze Village | 4bd/3.5ba | $997,500 |
| 21 Bellevue St. | Ocean Reach | 4bd/4ba 2,000 sq’ | $995,000 |
| 1904 Coastal Hwy. | #E Surfrider | 3bd/2ba 1,300 sq’ | $585,000 |
| 4 Swedes St. 40 year lease @ $6,892 yr. | #7 Bermuda Sea Mist | 4bd/4.5ba | $1,399,000 |
| 1301 Coastal Hwy. | #422 | 2bd/2ba 1,077 sq’ | $899,000 |
| 1609 Coastal Hwy. | #303S Opal | 2bd/2ba 920 sq’ | $439,500 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 25 Read Ave. | #1 Sea Breeze Village | 4bd/3.5ba | $997,500 |
| 21 Bellevue St. | Ocean Reach | 4bd/4ba 2,000 sq’ | $995,000 |
| 1904 Coastal Hwy. | #E Surfrider | 3bd/2ba 1,300 sq’ | $585,000 |
| 123 Bellevue St. | #2 Bay Winds | 3bd/2.5ba 2,500 sq’ | $750,000 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSED PRICE |
| 1301 Coastal Hwy | #444 Lighthouse Cove | 3bd/2.5ba 2,382 sq’ | $1,799,900 | $1,799,900 |
| 116 Clayton St. | #2 Holly Tree | 4bd/2ba 1,800 sq’ | $859,999 | $830,000 |
| 1701 Coastal Hwy. | #N303 Opal | 1bd/2ba | $389,990 | $396,990 |
| 101 Rodney Ave. | #2 Bay View | 2bd/1ba 800 sq’ | $449,00 | $440,000 |
| 17 Saulsbury St. 54 year lease @ $13,414 yr. | #1A Mariners Surfside | 4bd/2ba 1,400 sq’ | $895,000 | $895,000 |
| 20969 Rogers Ave. | #B Ocean Walk | 5bd/3ba | $500,000 | $524,500 |
| 217 Swedes St. | Tree Tops | 3bd/2.5ba 1,500 sq’ | $599,000 | $549,000 |
| 123 Bellevue St. | #3 Bay Winds | 3bd/2.5ba | $750,000 | $725,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| N/A | N/A | N/A | N/A | N/A |
