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Lewes, Delaware Average Home Sizes and Asking Prices
| Updated On: May 19, 2012 |
| Sold Price History in 19958 |
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Homes for Sale in Lewes
Lewes Real Estate & Homes for Sale in Delaware
The historic city of Lewes is in the heart of Delaware’s beach resort region. A walking town with distinctive history, architecture and culture, Lewes is a wonderful complement to its Sussex County neighbors Milton, Rehoboth Beach, Dewey Beach, Bethany Beach and Fenwick Island.
Lewes proudly identifies itself as “The First Town in the First State.” This is because the community, founded in 1631, was the first European settlement of Delaware and the first state to ratify the U.S. Constitution. Residents are proud of their history and Lewes visitors are drawn to the community’s many historic homes and landmarks.
Lewes is located at the intersection of the Delaware Bay and Atlantic Ocean, adjacent to Cape Henlopen. The community is considered a gateway to the Delaware resort region, encompassing the outlet malls of Rehoboth Beach, the beaches and trails of Cape Henlopen State Park, and the fishing opportunities on Lewes Harbor. Also worthy of note are Lewes’ many fine and casual restaurants and unique retail shops.
Public schooling is provided by the Cape Henlopen School District, which manages eight campuses in total. Four of these schools are in Lewes: Cape Henlopen High School, Beacon Middle School, Richard Shields Elementary and Sussex Consortium PK-12. Lewes’ economy offers employment opportunities in educational, health and social services; retail trade; and travel-related services. Like the economy, Lewes’ housing market is strong and diverse with single-family homes, condominiums and townhomes. | More on Lewes |
Price Range of Lewes Houses
The real estate market in Lewes includes a fine, diverse selection of detached single-family homes, condominiums/townhouses, and land parcels. Some of Lewes' properties are located in or near the historic downtown district, as well as more secluded areas. Buyers can also search for active adult 55+ communities with full amenities in the Lewes area, as well as new home communities built by the nation’s largest homebuilders.
Prices for homes in Lewes range anywhere between $130,000 and $940,000 with average listing prices hovering in the $370,000 range. Some of Lewes' neighborhoods include Breakwater, Angola by The Bay, Pilottown Village, and Bayfront at Rehoboth. Condominium and townhouse units are also plentiful in Lewes. These typically sell in the $265,000 to $800,000 range; however, waterfront condos can be priced as high as $1.1 million.
Lewes Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $333,999 compared to $328,655 the previous week, showing a increase of more than +2%. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Lewes DE. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Lewes to help you find the best home! |