Dewey Beach homes enjoy a popular location just south of Rehoboth Beach, a spot that enjoys a great deal of popularity itself. Dewey Beach Delaware lies on a small strip of land between the Atlantic Ocean and Rehoboth Bay, that is only approximately one mile long and only two blocks wide. It is south of the ever popular Rehoboth Beach. Despite its small size and low year-round population of about 300, it is not uncommon for 30,000 to descend upon the town during summer weekends. This area is well known as a prime resort getaway location, and also is a hot spot for party goers, thanks to its wide, sandy beaches, and the abundance of condominiums cottages and hotels. The demand for Dewey Beach homes is high, and as a result, prices especially for single family homes are especially high. This comes as no surprise because of the scarcity of land available for further development.
Dewey Beach Homes East Of Route 1 For Sale
Affordable Dewey Beach Homes
Thankfully, a large number of hotels have been transformed into condominiums that come in one to three bedroom styles, creating opportunities for Delaware home buyers who cannot afford the large price tags on single family homes. Dewey Beach Condos can range from the low 200′s for a smaller unit to multi-million dollars that line the shores of the Atlantic Ocean. Some of these properties are leaseholds, and term lengths vary from a few years up to 99 years. Longer terms usually mean lower prices for leasehold Dewey Beach real estate. Some of the four to eight bedroom homes are leaseholds and conventional financing is difficult to obtain.
Luxury Delaware Oceanfront Homes
If you are looking for a three million dollar luxury oceanfront property where you own a piece of the Atlantic coast, Indian Beach might be just right for you. Looking for a one-bedroom efficiency? Check out Dewey Villas for only $265,000. Three bedroom condos in Dewey Beach that are only one block from the beach are especially hot. Regardless what kind of Dewey Beach homes you are considering, there is a real estate listing on the regional MLS that is just right for you.
Why Purchase Dewey Beach Homes Right Now?
This is probably the best buyers market for Dewey Beach real estate that you will ever see in your lifetime. Prices are low, and rates are great, but don’t expect these great market conditions for Dewey Beach homes to last forever. Prices and inventory are stabilized, and the numbers of foreclosed Dewey Beach homes east of Route 1 is scant.
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