August 2014 - Summer Ends Boasting a Big Inventory in South River Landing

August ended with 10 listings active--8 resales and 2 rentals, 1 sold and 1 under continuous contract. Here's all the activity in the community:

• 150 South River Landing Road remains active at $759,900 since listing in June 2014.
• 320 South River Landing Road with waterviews of the South River and a deeded boat slip with 10,000lb boat lift SOLD on August 4, 2014 for $930,000.
• 320 South River Landing Road turned around and listed the home for rent on August 11, 2014 for $3,500.
• 340 South River Landing Road waterfront was listed for sale on August 8, 2014 for $998,000.
• 420 South River Landing Road still remains active following its July 2014 price adjustment to $800,000, down from its original offering price in March for $950,000.
• 420 South River Landing Road also offered the home for rent at $3,800, including the 30-ft boat slip, on August 21, 2014.
• 630 South River Landing Road remains on the market following its re-list in June at the reduced price of $2,175,000. This waterfront home sits vacant now that the owners have moved out. It has a glorious view of the South River, more than 7,000-sf of living space and conveys its deeded 50-ft boat slip.
• 820 South River Landing Road waterfront with deeded 50-ft boat slip featuring views of Almhouse Creek was listed for $1,895,000 on August 1, 2014.
• 1110 South River Landing Road with deeded boat slip remains active at $740,000 since listing in June 2014.
• 1150 South River Landing Road is a distressed/"short sale" and remains "under contract" from its original listing date of April 2012. The contract of sale was received one year later, in April 2013 and now more than two years later it is still showing pending bank approval at a list price of $525,000 with a settlement date changed to September 30, 2014.
• 1160 South River Landing Road with waterviews of the marina on Almhouse Creek, adjusted its price by another $25,000 on August 22, 2014 to $1,250,000. This price includes conveyance of a 40-ft deeded boat slip with 30,000lb boat lift.

That's the wrap for this month's community market report. Remember that if you have questions regarding the market, give me a call at (443) 837-5645.