CLOSED IN NORTH REHOBOTH BEACH

129 Henlopen Avenue  closed  yesterday after only 87 days on the market.  It went under contract at it's original asking price of $1,295,000 and settled for $1,170,000  or 90% of asking price.  This 3 bedroom, 2 bath Cape Cod was built in 1993 and sat on a larger than standard 50 x 172 foot lot.  This was an excellent buy in my opinion.  10 SFHomes have now closed in NR for an average of 70% of the original asking price.  The average selling price is now $943,550 and 364 days on market.