Rehoboth Beach Condos – Summer Statistics

Here’s a quick update on this years “In-Town” Rehoboth Beach Condo Sales.

From January 1 – August 7 2010 there have been a total of 20 In Town “Walk to the Beach” condos sold.

Lowest sale price $225,000  1BR/1BA in The Ark six blocks to the beach.
Highest sale price $900,000 2BR/2BA 527 North Boardwalk in the Henlopen Hotel with Ocean views.

Average List price = $582,636  Average Sales Price $533,497

Average List to Sell Percentage 91.57%

The lowest list to sell percentage was 78.27%  Which means a buyer got more than 20% off the list price.
The highest was 100% which means the seller did not back down on their list price.

Please do not come to Rehoboth Beach expecting 50% off on your condo purchase because the market is atrocious in Florida. Your average buyer here is getting just over 8% off list price on their condo purchase.

Rehoboth Beach In Town Condo Sales 2010

Rehoboth Beach In Town Condo Sales 2010

Data for this chart was pulled from the Sussex County MLS.

This analysis does not include anything but SOLD condos placed in the “IN TOWN” Rehoboth Beach category by Sussex County REALTORS. The number of TOTAL condos sold in Rehoboth Beach Delaware is significantly higher.

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