Saturday, May 19, 2007

Sea Isle City Market Update

Slow week, only 1 additional home went under contract this week, bringing the total up to 126 homes that has sold or gone under contract since January 1st.

Here is a recap of what has sold/closed the last week:

-5600 Landis, asking price $749,000, sold price $703,000
-125 44th-asking price $749,000, sold price $725,000
-140 84th-asking price $799,000, sold price $775,000
-137 59th-asking price $849,000, sold price $800,000
-12 68th-asking price $929,000, sold price $876,250
-4616 Park-asking price $1,699,000, sold price $1,600,000

These homes came down an average of 5% from their asking price. Four of these homes were new construction.