The prices in real estate in Rehoboth Beach, in the Delaware region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Rehoboth Beach has increased strongly during the last 6 months. In February, the average price per sq.feet was $956. In the following month the price per sq.feet decreased considerably to $524. The price for the following two months in (April, May) had a considerable increment of 372 %. The price per sq.feet has had a considerable deflation of 62 % 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 $1,747.25 to $1,090.5 during June, and July.
Based upon to the price in Rehoboth Beach (cities), this has gone up considerably in the last 6 months. The average price for February is $635,764. During March the price had a slight fall till $578,970. During the following two months (April, May) the average price had a considerable increase of 117 % 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 $840,112 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 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $459,173.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $789 / sq.feet price in Rehoboth Beach. The properties with the highest average prices have 4 bedrooms. They are 169 % more expensive than the average followed by properties with 1 bedroom with a price at $1,040 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $840,112 it is 42 % cheaper than the average price in Rehoboth Beach. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $716,660 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $933 / sq.feet followed by "House" priced at $1,836 / sq.feet. "Land" is the most costly type of property with a $9,265 / sq.feet cost followed by "Condo" with an average price of $3,932 / sq.feet.