Rehoboth Beach Real Estate News

The Most Expensive Home in RBYCC is currently 173 East Side Drive

173 East Side Drive

Priced at 5.6 Milion, this home has 10 bedrooms and 13.5 bathrooms. Located on a bayfront  acre of land and directly adjacent to the RBYCC Club House this is a prime piece of Real Estate.  I had the district pleasure of touring the property earlier this week and would be happy to arrange a showing for any well qualified potential future owner.  If you have questions about this property I can be reached at 302 258 4368.  I can meet you at this address by car, boat or helicopter 🙂

2009 January 1 – August 12
92 single family home sales
Highest Sale Price: $4,500,000
Lowest Sales Price: $160,000
Median Sales Price: $492,500
Average Sales Price: $664,974
Average Days on the Market (for those that sold): 217
Hottest Selling Community:  Rehoboth Beach Yacht and Country Club with 15 total sales.

2008 January 1 – August 12
104 single family home sales
Highest Sale Price: $2,700,000
Lowest Sales Price: $99,999
Median Sales Price: $549,950
Average Sales Price: $773,708
Average Days on the Market (for those that sold): 181
Hottest Selling Community: Summercrest with 12 sales closely followed by RBYCC with 11 total sales.

While I’m at it I might as well throw in 2007

2007 January 1 – August 12
146 single family home sales
Highest Sale Price: $3,995,000
Lowest Sales Price: $209,900
Median Sales Price: $599,555
Average Sales Price: $829,539
Average Days on the Market (for those that sold): 185
Hottest Selling Community: Rehoboth Beach Yacht and Country Club with 24 sales.

What can be learned from this? Prices are down significantly and homes in Rehoboth Beach Country Club are always in Demand.  For more in-depth stats corresponding to any local town or community in the area feel free to contact me at mike@bwbeach.com