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Real Estate
Delaware Records Most Expensive Residential Sale Ever; duPont Estate in Dewey Beach Sells for Millions…to be Razed
The 82-year-old duPont estate in Dewey Beach, Delaware, sold for a record $9.1 million. The trio of purchasers plan to raze the property and rebuild anew, writes Kennedy Rose for the Philadelphia Business Journal. The transaction represents the most expensive residential sale in Delaware. The property, known as Sandaway, was...
Delaware home sales fell in January while the median price rose. What are the reasons?
Delaware home sales slipped in December while prices and inventory rose. Sales of existing homes, not new construction, totaled 767 in January, down 3.4% from 794 in January 2023. Among the reasons are “changes in interest rates, economic conditions, housing affordability, job market fluctuations and seasonal variations in buyer demand,”...
Delaware homes sold for lower prices recently and we have the data: See how much here
Newly released data for November shows that potential buyers and sellers in Delaware saw houses sell for lower than the previous month's median sale price. In New Castle County houses sold for a median of $304,000, while homes in Kent County sold for a median sale price of $327,000. In Sussex County saw houses sell for lower than the previous month's median sale price of $470,000.
DNREC to Offer Feb. 28 Webinar on Living Shoreline Cost Share Program for Home and Property Owners
DNREC will host a free webinar Wednesday, Feb. 28 to introduce property owners to DNREC’s Living Shoreline Cost Share Program, which provides funding that can help Delawareans in selected watersheds install living shorelines using natural materials.
Delaware home listings on the rise — see the current median price here
Median home prices in New Castle and Kent counties are on the rise. The median home in New Castle County listed for $409,978 in January, up 2.5% from the previous month's $400,000, while the Kent County median listed for $412,250 in January, up 0.7% from the previous month's $409,250, an analysis of data...
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