FIRST TWO SALES OF 2012 IN NORTH REHOBOTH BEACH

Looks like that momentum we saw in Q4 of 2011 is continuing into the new year.  Not one but two SFH properties went under contract in NR.  One is a "short sale" that actually went under contract in December but is just now being reported.  It is 153 Columbia Avenue which listed back in October for $860,000 and had been reduced to $743,000 at the time of contract.       9 Olive Avenue also went under contract after 340 days on the market.  It was listed for $1,495,000 but had been reduced back in August to $1,395,000 where it remained until contract signing.  There are now 5 SFHs under contract waiting to close.  I have a feeling this is going to be a good year in North Rehoboth.