Dewey Market Watch 8/24/21 thru 9/17/21
Happy Autumn!!! It’s a great time of the year to spend a nice, peaceful day on a uncrowded beach:) The market continues to be anything but peaceful. New listings are snatched up within a day or two. Inventory from Terrace Rd. in Silver lake Manor to Hall Ave in the Chancellery consists of only six single family homes (5 fee simple & 1 leased land) and three condos. Presently there are eight single family and three condos that have pending contracts on them. You can imagine the demand for inventory once people returned to work after the covid lockdown and were informed that they could work from anywhere through networking. HA I’d be camping here until I found something:)
Many people, many home owners in Dewey follow my Dewey Market Watch to keep up with the values and availability in Dewey. The same goes for an automated search. If you’re looking to purchase anything you need to have an automated search set up. You would be alerted as soon as the subject property is entered into the MLS system. The time is ticking once the listing is entered. Perfect example is 22 Jersey St., it was listed one day and pending the following day. Once a new listing of interest becomes available then contact me or your personal Realtor to IMMEDIATELY show you the property. If a client can’t make it that day, typically I’ll make an appointment and Facetime them from the new listing. Time is of the essence once the property is listed. I have many searches set up with homeowners just so that they can keep up with any transactions within their complex, street…. If you owned a condo in Izzy Plaza then I’d set up a search just for Izzy Plaza. You may want to expand from only your building to a similar comparable anywhere in Dewey. My auto searches are simply designed to educate a buyer with any new listing, pending contract or closing or to notify an owner with any similar transaction from the same building, street… NO SALES pressure! I just need to know a little about your property #beds, #baths, upgrades… if you’re interested in me setting you up a search. Please contact me if you are interested in a search. Get out and enjoy a walk on a nice uncrowded beach. It’s a great stress relief!!!!
| SINGLE FAMILY NEW | LOCATION | SIZE | ASKING PRICE |
| 1500 Bayard Ave. 40 year lease @ $12,748 yr. | Rehoboth By The Sea | 8bd/4ba 2 homes on double lot | $1,199,000 |
| 22 Jersey St. | Rehoboth By The Sea | 4bd/2ba | $1,735,000 |
| SINGLE FAMILY PENDING | LOCATION | SIZE | ASKING PRICE |
| 123 Swedes St. | Rehoboth By The Sea | 3bd/1.5ba | $1,100,000 |
| 131 Chesapeake St. | Rehoboth By The Sea | 5bd/3ba 2,140 sq’ | $1,895,000 |
| 22 Jersey St. | Rehoboth By The Sea | 4bd/2ba | $1,735,000 |
| SINGLE FAMILY INCREASE/DECREASE | LOCATION | SIZE | PREVIOUS PRICE | NEW PRICE |
| 110 Clayton St. | Rehoboth By The Sea | 5bd/3ba 2,300 sq’ | $1,299,999 | $1,224,900 |
| SINGLE FAMILY CLOSED | LOCATION | SIZE | ASKING PRICE | CLOSED PRICE |
| 206 Carolina St. 51 year lease @ $13,168 yr. | Rehoboth By The Sea | 3bd/2ba | $799,000 | $855,000 |
| 3 Bellevue St. | Sea Cove | 4bd/3.5ba | $2,195,000 | $2,100,000 |
| 11 Dagsworthy St. | #3 Scrod Acres | 3bd/2.5ba 900 sq’ | $995,000 | $805,000 |
| CONDOS NEW | BUILDING | SIZE | ASKING PRICE |
| 17 Van Dyke St. | unit B Emerald Shoals | 4bd/3.5 ba 2,000 sq’ | $1,200,000 |
| 1301 Coastal Hwy. | # 462 Lighthouse Cove | 3bd/2.5 ba 1,632 sq’ | $1,999,900 |
| 1904 Coastal Hwy. | # D Surfrider | 3bd/2ba 1,250 sq’ | $635,000 |
| CONDOS PENDING | BUILDING | SIZE | ASKING PRICE |
| 1609 Coastal Hwy. | # 403 Opal | 2bd/2ba | $550,000 |
| 101 Swedes St. | #2 Four Tides | 5bd/4.5ba 2,610 sq’ | $1,395,000 |
| 1301 Coastal Hwy. | #422 Lighthouse Cove | 2bd/2ba 1,077 sq’ | $899,000 |
| 2 McKinley Ave. | #204 Sunspot | 2bd/1ba 700 sq’ | $679,900 |
| CONDOS CLOSED | BUILDING | SIZE | ASKING PRICE | CLOSING PRICE |
| 1904 Coastal Hwy. | #E Surfrider | 3bd/2ba 1,300 sq’ | $585,000 | $533,727 |
| 2101 Coastal Hwy. | #C Izzy Plaza | 4bd/2.5ba 1,960 sq’ | $700,000 | $700,000 |
| 2009 Bayard Ave. | #207 Cajun Cove | 2bd/2ba 1,264 sq’ | $670,000 | $670,000 |
| 116 Clayton St. | #3 Holly Tree | 4bd/2ba 1,800 sq’ | $859,999 | $775,000 |
| CONDOS INCREASE/DECREASE | BUILDING | SIZE | PREVIOUS PRICE | NEW PRICE |
| N/A | N/A | N/A | N/A | N/A |
