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Preforeclosure Homes in Lewes, DE

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Lewes, DE Foreclosures

How much do homes sell for in Lewes, DE?
The average home price is currently $675,648.
In Lewes, DE, how many homes are available?
There are currently 9 active home listings available in Lewes.
What’s the average rental cost in Lewes, DE?
The average rental price in Lewes is $1,655.
What is the most expensive home in Lewes?
The most expensive home sold in Lewes had a price of $8,826,489.
What is currently the cheapest priced home in Lewes, DE?
The cheapest home for sale in Lewes is priced at $10,885.

Living in Lewes, DE

Lewes, DE is a picturesque coastal town with rich history and vibrant community spirit. The area is known for its beautiful beaches, local shops, and outdoor activities, making it an ideal location for families and retirees alike. With great schools and a strong emphasis on community engagement, Lewes offers a high quality of life by the sea.

Current Market Conditions in Lewes, DE

Currently, the real estate market in Lewes is experiencing a competitive atmosphere with an increasing demand for homes, particularly in close proximity to the beach. Recent trends indicate a rising average home price, reflecting buyers' interest in the desirable coastal lifestyle. Sellers can expect prompt offers on well-priced properties due to limited inventory and high buyer interest.

The town has also seen an influx of seasonal residents and remote workers attracted by telecommuting opportunities, which has further spurred the market growth. New construction projects are in the works, which could help alleviate some of the housing demand but might take time to impact market conditions significantly.

Home Value Estimator For Lewes, DE

There are currently 15,782 real estate properties in Lewes, DE, with a median automated valuation model (AVM) price of $572,424.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lewes, DE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lewes, DE, is $675,648.00, with the most expensive house in Lewes, DE, topping out at $8,826,489.00 and the cheapest home in Lewes, DE, clocking in at $10,885.00. In other words, there’s something for every potential homebuyer or savvy investor in Lewes, DE!

Rent Prices In Lewes, DE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lewes, DE, is on a rollercoaster ride. The average rent price in Lewes, DE, is $1,655.00. Indeed, when looking to rent in Lewes, DE, you can expect to pay as little as $1,060.00 or as much as $3,260.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Lewes, DE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lewes, DE Preforeclosure Homes

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