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Sea Isle
City & South Jersey Shore
Real Estate
Blog
7 November
2011, 12:42 PM - Overall the South
Jersey Shore Resort market has continued to
improve bucking the trend of the mainland
markets. Fall Sales, New Offerings and
Pending Sales have steadily increased over
the past week. Each municipality has
reported the following results:
|
Municipality |
Listings |
Median $ |
Pending |
Median $ |
Sales |
Median $ |
|
Ocean City |
90 |
$566,450 |
23 |
$499,900 |
15 |
$438,000 |
|
Strathmere |
0 |
|
1 |
$459,000 |
0 |
|
|
Sea Isle City |
20 |
$556,950 |
9 |
$729,000 |
3 |
$370,000 |
|
Avalon |
9 |
$749,000 |
3 |
$839,000 |
0 |
|
|
Stone Harbor |
13 |
$795,000 |
3 |
$699,900 |
0 |
|
|
North Wildwood |
32 |
$299,090 |
6 |
$375,000 |
3 |
$156,000 |
|
Wildwood |
23 |
$249,000 |
7 |
$239,000 |
7 |
$215,000 |
|
West Wildwood |
3 |
$449,500 |
1 |
$165,000 |
0 |
|
|
Wildwood Crest |
17 |
$489,000 |
3 |
$429,900 |
4 |
$495,000 |
|
Diamond Beach |
2 |
$376,500 |
0 |
|
2 |
$360,000 |
|
Cape May |
9 |
$380,000 |
3 |
$475,000 |
5 |
$472,500 |
39 Sales
accounted for a realized gross sales result
for the period of $17,419,900 on a list
price total of $19,289,000 representing an
offset from asking price under 10%. Of the
39 properties sold, there were 24
Condominiums, 4 Townhouses, 8 Single Family
Homes, 2 Multi-Family Properties, 1 Building
Lot and 0 Commercial Sales.
**********
14 November 2011, 10:07 AM
– The past week has seen a slowing of sales
activity typical of this time of year. Each
municipality has reported the following
results:
|
Municipality
|
Listings
|
Median $
|
Pending
|
Median $
|
Sales
|
Median $
|
|
Ocean City
|
27
|
$539,900
|
18
|
$459,499
|
11
|
$410,000
|
|
Strathmere
|
1
|
$900,000
|
1
|
$459,000
|
0
|
0
|
|
Sea Isle City
|
6
|
$717,000
|
2
|
$674,250
|
0
|
0
|
|
Avalon
|
4
|
$744,000
|
5
|
$1,495,000
|
1
|
$559,000
|
|
Stone Harbor
|
6
|
$1,897,500
|
2
|
$2,945,000
|
0
|
0
|
|
North Wildwood
|
19
|
$274,900
|
7
|
$279,900
|
6
|
$312,500
|
|
Wildwood
|
12
|
$150,000
|
8
|
$202,450
|
2
|
$130,750
|
|
West Wildwood
|
1
|
$279,000
|
1
|
$185,000
|
0
|
|
|
Wildwood Crest
|
6
|
$144,700
|
5
|
$239,000
|
4
|
$295,000
|
|
Diamond Beach
|
0
|
0
|
0
|
|
1
|
$1,050,000
|
|
Cape May
|
4
|
$674,450
|
3
|
$599,900
|
5
|
$525,000
|
30 Sales
accounted for a realized gross sales result
for the period of $12,321,800 on a list
price total of $13,861,195 representing an
offset from asking price just over 11%. Of
the 30 properties sold, there were 18
Condominiums, 1 Townhouses, 8 Single Family
Homes, 2 Multi-Family Properties, 1 Building
Lot and 0 Commercial Sales.
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