The prices in real estate in Rehoboth Beach, in the Delaware region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rehoboth Beach has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $343. In the following month the price per sq.feet decreased considerably to $254. The price for the following two months in (September, October) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has increased 111 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $266.5 to $296.5 during November, and December.
Based upon to the price in Rehoboth Beach (cities), this has gone up in the last 6 months. The average price for July is $611,384. During August the price had a slight fall till $571,605. During the following two months (September, October) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $780,002 they are 57 % more affordable than the average price for Rehoboth Beach. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 1 bedroom priced at $476,667.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $191 / sq.feet, with an average $294 / sq.feet price in Rehoboth Beach. The properties with the highest average prices have 1 bedroom. They are 157 % more expensive than the average followed by properties with 4 bedrooms with a price at $296 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $780,002 it is 64 % cheaper than the average price in Rehoboth Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $671,533 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $211 / sq.feet followed by "Townhouse" priced at $284 / sq.feet. "Condo" is the most costly type of property with a $426 / sq.feet cost followed by "House" with an average price of $370 / sq.feet.