Property prices for sale in Rehoboth Beach (Delaware)
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 November, the average price per sq.feet was $2,858. In the following month the price per sq.feet decreased considerably to $1,325. The price for the following two months in (January, February) had a considerable increment of 124 %. The price per sq.feet has decreased 85 % 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 $2,346.25 to $2,002 during March, and April.
Based upon to the price in Rehoboth Beach (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $1,317,840. In December This price remains at $1,291,611. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,267,870.25 to $1,068,746.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,210,981 they are 44 % more affordable than the average price for Rehoboth Beach. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $720,765.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $391 / sq.feet, with an average $582 / sq.feet price in Rehoboth Beach. The properties with the highest average prices have 2 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $711 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,210,981 it is 48 % cheaper than the average price in Rehoboth Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $2,841,144 it is 168 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $475 / sq.feet followed by "House" priced at $598 / sq.feet. "Land" is the most costly type of property with a $545,760 / sq.feet cost followed by "Apartment" with an average price of $16,093 / sq.feet.
