Gail n Greg - Your Agents @ The Beach

PRICE REDUCTION - 4 COMFORT COURT - KING'S CREEK COUNTRY CLUB

This property is "agent owned" and listed by Coldwell Banker Resort Realty.  It has been on the market for 333 days and was originally listed for $825K.  It now sits at $629K after a couple of price declines, a price increase and now another decline.  It is one of 16 homes currently for sale in KCCC with only 3 closed so far this year.  This property is listed well below the average listing price in KC of $979K.  MLS #572967

NEW LISTING IN KING'S CREEK COUNTRY CLUB - 2 PATRIOT'S WAY

This most recent RE/MAX Rehoboth listing in King's Creek brings the total back up to 16 active listings in this country club community.  Only three have closed this year and none are currently under contract.  This one becomes the second lowest priced house in the community now at $650K.  One other is listed at $629K.  The average listing price of all 16 is $982K.  MLS #573887

PRICE REDUCTION - 5 COMFORT COURT - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

Lingo only listed this property 60 days ago, much less time on the market than the average listing in King's Creek (344 days).  The Sellers have reduced the price from $1,345K down to $1,295K.  That's the fourth price reduction so far in Q4 and it brings the average listing price of a home in KC to just over $1MM.  The average selling price of the 3 homes to close this year is only $843K.  Apparently there is a disconnect between Buyers and Sellers in King's Creek.  MLS #572239

BACK ON MARKET AND PRICING ACTIONS - KING'S CREED COUNTRY CLUB - REHOBOTH BEACH

This nice home in King's Creek Country Club (4 Comfort Court)  is owned by a Realtor.  She has switched Real Estate Companies so has withdrawn and then re-listed this property.  She originally listed it in October of 2008 for $825K and has reduced it a couple of times, getting as low as $659K.  She has actually raised the price with this re-listing to $679K....MLS # 572967.  Oh, she is now with Coldwell Banker Resort Realty.

4 Mitchelmore Court has actually been increased too.  It originally listed back in July of this year for $1,175 and was reduced to 1M and has now been increased to $1,100K.  I think people are sensing that the market may be firming up or that they are only getting low ball offers and need more negotiating room.  I think the market is starting to firm up, however in King's Creek there are 15 homes on the market with only 3 being sold this year.  Price increases may be a little premature.  MLS #571240.....this one is listed by Beach To Bay Realty.
 
 

Q4 - FIRST PRICE REDUCTION - 118 KING'S CREEK CIRCLE - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

This RE/MAX Rehoboth listed property has been reduced several times now and is currently listed for $699,900, down from  the original list price of $799K.  It was listed back on April 16th of 2009.  This brings the average listing price of a home in King's Creek to $1,024K.  There are 14 active listings in this community.  The average selling price of the three homes to close so far this year is $843K and 698 DOM.  MLS #568415

KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH...STILL CATCHING UP

WOW!!! A HUGE PRICE DECLINE ON A FORECLOSED PROPERTY.....

This home at 9 Alexander Court was previously owned by a real estate agent and is now owned by the Bank.  It originally listed back in July of 2008 for $1,950K.  It just came back on the market as a foreclosure for $945K....that's a half price sale.  Better hurry on this one if you're interested, it won't last long.  MLS #572636

  Beach to Bay Realtors just came down on this home at 4 Mitchelmore Court to $999,999.  It is the first reduction since it was listed back on July 28th of 2009.  There are still 14 homes actively listed in King's Creek with an average listing price of $1,026K and an average DOM of 313.  There are none under contract and only 3 have closed this year.  MLS #571240

NEW LISTINGS - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

27 Patriot's Way is a new RE/MAX Realty Group Rehoboth listing.  It is priced at $629K, well below the average listing price in KCCC of $1,022K.  This is a golf course home.  MLS # 572168.

Jack Ling's group just put this house on the market in King's Creek for $1,345K.  We now have 14 active listings in King's Creek, none under contract and only 3 sold this year.  MLS # 572239.

PRICE REDUCTION - 2 EAGLE WAY - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

This RE/MAX Realty Group listing has been reduced again to $929K.  It originally listed back on Sept. 20th of 2007 for $1,150K.  MLS # 560129.

NEW LISTING - 140 KING'S CREEK CIRCLE - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

This latest addition to the already voluminous King's Creek inventory is listed by Jack Lingo in Rehoboth.  It has been listed for $976K.  There are now 13 active listings with an average listing price of $1,057K and an average days on market of 441.  There are currently no properties under contract in King's Creek and only 3 have sold this year.  This looks like a nice house and is probably priced at the market (whatever that is).  See all of the details on our website  http://www.gailngreg.com  MLS # 571953. 

WITHDRAWN - 68 KING'S CREEK CIRCLE - KING'S CREEK COUNTRY CLUB - REHOBOTH BEACH

This Prudential Gallo listing is being withdrawn after 380 days on the market.  The price has only been reduced one time from $799K to $759K currently.  This is the 4th withdrawal since the end of June and the 8th to either withdraw or expire so far this year.  6 new listings have come on this year leaving us with 11 actively listed properties and still only 3 sold and nothing currently under contract.  The average days on market for the currently listed properties is 439, WOW!!   MLS # 562507