Sunday, September 30, 2007

Sea Isle City Real Estate Market Update

Wow! We had a very busy weekend! There were lots of buyers shopping this weekend and a few homes even had multiple offers! Is it a sign of change? Only time will tell!

Here is the latest:
- 185 homes have sold or gone under contract since January 1st

Homes closed:
-3900 Pleasure, asking price $359K, sold for $345K
-143 44th, asking price $719K, sold for $689K
-221 88th, asking price $719K, sold for $700K
-38 74th, asking price $1,069,000, sold for $999,999
-6109 Pleasure, asking price $4,250,000, sold for $3,850,000

Three of these homes were new constructions, the others were resales. The approx. average they came down off of their asking prices was 5%.