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 $789. In the following month the price per sq.feet decreased considerably to $434. The price for the following two months in (September, October) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $483.25 to $331 during November, and December.
Based upon to the price in Rehoboth Beach (cities), this has fallen considerably in the last 6 months. The average price for July is $840,112. During August the price had a slight fall till $788,942. During the following two months (September, October) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $753,892.5 to $665,932.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $614,447 they are 51 % more affordable than the average price for Rehoboth Beach. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 1 bedroom priced at $502,475.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $213 / sq.feet, with an average $334 / sq.feet price in Rehoboth Beach. The properties with the highest average prices have 1 bedroom. They are 237 % more expensive than the average followed by properties with 2 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $614,447 it is 51 % 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 $802,606 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $200 / sq.feet followed by "Apartment" priced at $206 / sq.feet. "Land" is the most costly type of property with a $9,135 / sq.feet cost followed by "Condo" with an average price of $576 / sq.feet.