Hi Everyone!
Welcome to my new blog site! I will be posting what is going on in Sea Isle City and the SIC Real Estate Market.
Well, the market has picked up dramatically down here since January 1st! Since the first of the year, 35 homes have gone under contract or sold! We have even been seeing multiple offers on properties, which we haven't seen in a while. This does not mean that is has switched to a Seller's Market, it still remains a strong Buyer's Market with approximately 365 homes for sale in Sea Isle alone. The prices are staying stable, not increasing, and not as many price reductions as we have seen previously. Interest rates are still low so it remains an excellent time to buy!
One issue that I have been coming across is that some Buyers are looking to purchase vacation homes for themselves and not as a rental investments. The rental market seems to be going strong, and many homes that are for sale are now getting rentals in them. So, if you are looking for a home to use, act sooner, rather than later, the longer you wait the more tenants might be in place.
Welcome to my new blog site! I will be posting what is going on in Sea Isle City and the SIC Real Estate Market.
Well, the market has picked up dramatically down here since January 1st! Since the first of the year, 35 homes have gone under contract or sold! We have even been seeing multiple offers on properties, which we haven't seen in a while. This does not mean that is has switched to a Seller's Market, it still remains a strong Buyer's Market with approximately 365 homes for sale in Sea Isle alone. The prices are staying stable, not increasing, and not as many price reductions as we have seen previously. Interest rates are still low so it remains an excellent time to buy!
One issue that I have been coming across is that some Buyers are looking to purchase vacation homes for themselves and not as a rental investments. The rental market seems to be going strong, and many homes that are for sale are now getting rentals in them. So, if you are looking for a home to use, act sooner, rather than later, the longer you wait the more tenants might be in place.
Remember to check out my website to search the Sea Isle City MLS and see my picks for the best buys in town!
http://www.BeachHouseForMe.com
