CLOSED IN SOUTH REHOBOTH BEACH

 705 King Charles has now closed  (August 13th).  It sold for the price of $925,000  or 80% of the original asking price of $1,150,000.  It was on the market for 408 days.  That makes five closing this year (SFHs) in South Rehoboth with an average selling price of $987,800, 76% of the original asking price and 396 days on market.  There are two homes currently under contract waiting to close, both multi million dollar homes.  That should bring the average up whenever they settle.