Market Watch for 5/18/18 to 6/4/18
Here is the weekly update for real estate market activity in Dewey Beach for the week starting on 5/18/18 to 6/4/18
HAPPY SUMMER!!! Gosh I never get tired of saying that:) Lots of activity in the Dewey market in the last two weeks. There were five new listings entered in areas that were in desperate need of new inventory. My top pick this week is the HUGE price reduction at 38399 George St. The single family home that’s zoned commercial had a previous asking price of $795K. The new asking price is $599,999 which is more in line with present market value.The new listing at 315 Dutch Rd in Sea Breeze is another fine new offering. The 3bd/3ba home sits on a gracious .27ac lot. Sea Breeze is a very much sought after community that offers the quiet side of Dewey:) The next listing is the future Dewey. This 6bd/4.5 ba, 3,515sq’ is adorable inside and out. Located on Ann St just a few blocks away from the beach. This beautiful home sets the standard as Dewey transitions from summer bungalows to 3 level McMansions. We have a new listing in Reho. By The Sea. This quaint summer cottage located at 100 West is being offered with a 54 year lease @ $16,628. The entry level asking price for a single family home is $424,000. A new listing in the Opal was added to the inventory. This 2bd/2ba, 925sq’ unit offers a slight ocean view and conveys turn key ready.
There were six pending transactions in the last two weeks. There were three closings in the new Lighthouse Cove complex. The property at 120 Read went to contract. The property had two grandfathered homes on one lot. Rehoboth By The Sea got in on the action as they had two sales. Both of the sales were in the ocean block. My condo listing at 15B Saulsbury (Mariners Surfside) and 21 Saulsbury rounded out a very active couple of weeks.
My website will be be down 6/5/18 as our MLS system transitions into a 7 state membership that includes a whole new operating system. My down time has been extended to allow time for a few upgrades within my own website. The down time should be approximately two weeks for updates to be applied. Stay tuned for some nicely added features!!
DELMARVA SCENES Memorial weekend has gifted us with a new summer:) It was good to see lots of happy, smiling faces. Summer is in full gear as the beaches over flow with happy sunworshippers. All species of warm weather fish have arrived in our local waters. All of our summer wildlife has returned to spend a relaxing summer with us. It’s a great time to live at the beach!!!!! Happy summer!
I have a new app that allows you to access information on any property that’s listed in Sussex County. Have you ever been driving around, see a home that you like and was wondering the price of the home? Just a simple click on my app and the first item on the menu is NEARBY properties. A list will populate all of the immediate nearby listings. Click on the property of interest and the app automatically pulls that property listing information directly from our MLS operating system. Lots of other cool features as well!
Text BHHSJCHOMA to 844-558-2447 to get my mobile app which let’s you search all MLS listings while on the go!!
315 Dutch Rd – Seabreeze Dev – 3bd/3ba – asking: $749,000
20968 Ann Ave. – Ann Acres – 6bd/4.5ba – asking: $929,000
100 West St – RBTS leasehold 54 yrs@ $16,628 yr – 3bd/1ba – asking: $424,000
108 Carolina St RBTS leasehold 54 yrs@ $15,440 yr – 3bd/2ba – asking: $799,000
1609 Coastal Hwy – unit S402 Opal – 2bd/2ba – asking: $489,000
LOTS & LAND
38399 George St. – Killens Addition – 2bd/1ba – previously: $795,000 – new: $599,999
109R Dagsworthy St – unit C Rainbow Cove – previously: $379,000 – new: $369,000
1301 Coastal Hwy – unit254 Lighthouse Cove – 2bd/2ba – previously: $514,900 – new: $499,900
1301 Coastal Hwy – unit401 Lighthouse Cove – 3bd/3ba – previously: $1,349,000 – new: $1,289,000
1301 Coastal Hwy – unit413 Lighthouse Cove – 2bd/2ba – previously: – $514,900 – new: $499,900
1301 Coastal Hwy – unit456 Lighthouse Cove – 2bd/2ba – previously: – $649,900 new: $639,900
1701 Coastal Hwy – unit N206 Marina Views – 1bd/1ba -previously: $389,900 – new: $375,000
16D Rodney Ave – unit 9 Blue Surf – 5bd/3.5ba – previously: $789,000 – new: $774,900
201 Cullen Ave – Rehoboth By The Sea – 6bd/4ba – previously: $1,600,000 new: $1,500,000
22 Bedford – Indian Beach – 7bd/4ba – previously: $2,500,500 – new: $2,500,000
1117 Coastal Hwy – unit 214 Marina Views – 1bd/1ba – Previously: $337,900 – new: $437,900
1 St. Louis St – unit 301 Wilson Dunes – 3bd/2ba – asking $1,700,000 – closed $1,700,000
101 Rodney St – unit 2 Bay View – 2bd/1ba – asking: $289,900 – closed: $265,000
1301 Coastal Hwy – unit 356 Lighthouse Cove – 2bd/2ba – asking: $599,900 – closed: $536,194
15B Saulsbury St RBTS 58 leasedhold @ $8,469 yr – 2bd/1ba – asking: $289,900
1301 Coastal Hwy – unit 252 Lighthouse Cove – 2bd/2ba – asking: $449,900
1301 Coastal Hwy – unit 250 Lighthouse Cove – 2bd/2ba – asking: $449,900
120 Read – 2 grandfathered single family – 5bd/3ba – asking: $750,000
21 Saulsbury St RBTS 6 yr leasehold @ $809. yr (2 homes) 7bd/4.5ba – asking: $299,000
105 Bellevue – unit B Sanctuary – 2bd/1ba – asking: $363,900
BACK ON MARKET
update from 5/18/18 to 6/4/18