Posted Oct 26, 2010

As of this date, there are 17 active single-family home listings on the market in Bay Colony. Of the 17 homes, only 2 are bay front homes listed for $1,199,000 and $1,299,000. The remaining 15 homes have a average listing price of $480,000. My new listing on Colony Drive is gorgeous for $419,000 (check it out under my featured listings!)

There were 2 single-family home sales in the 3rd the quarter. They are 34386 Indian River Drive (my listing) sold for $1,045,000 and the house at 29665 Sawmill Drive was sold for $427,000.

There are 13 boat slips for sale ranging in price from $22,800 - $39,000. A number of slips have been sold this year in the $23,000 - $28,000 range. There are 9 home sites on the market ($125,000 - $275,000) and none of those are waterfront. A lot on Sawmill sold for $76,700. A water view lot on Spy Glass was sold for $230,000.

There are 466 single-family homes on the market now in Baltimore Hundred (AREA 3 which is our area). There have been 189 homes sold in the same area YTD. This means that there is roughly 2.5 years worth of inventory on the market at this time.

I just had a customer lock in an interest rate of 4.25% for 30 years fixed conventional financing with 20% down. NOW is the time to buy! If your house is priced well, it WILL sell in this market.

We now got you covered where you live AND where you play! I have partnered with my Sister in New Castle County to begin to sell real estate there. She is a fabulous salesperson and will be an amazing agent. If we can help you in New Castle County, give me a call.