Two sellers left the market in November while one seller adjusted price. The sales cycle in the community continues to be a long one with an average of 443 days for currently listed properties. Of the four properties that sold this year, the average selling price was 94 percent of original listing price before selling at a median 153 days on the market.
Here's a quick overview for November 2015:
Active properties:
- 630 South River Landing Road waterfront dropped the price from $1,875,000 to $1,775,000--that's an 82% adjustment ($400,000) from its initial list price of $2,175,000.
- 700 South River Landing Road waterfront remains at $1,799,000 going into 180 days
- 810 South River Landing Road waterfront is still at $1,699,000 going on 450 days
- 1150 South River Landing Road continues the saga of trying to get approved through the bank as a distressed property being offered as a potential short sale listing at $550,000 (see prior posts for history.)
Withdrawn from market
- 150 South River Landing Road withdrew on Nov 6th at $759,000 after 193 days.
- 340 South River Landing Road waterfront left the market after 450 days at a list price of $930,000, down from original offering at $998,000.
Click on the "All Properties for Sale" tab to see all the properties in the community for sale and pending under contract. Click on the "Map" tab to see where each property is located within the community.
That's the wrap for this month's community market report. Give me a call at (443) 837-5645 if you have questions regarding the market or would like a free Market Analysis of your home.
