Saturday, May 26, 2007

Market Update

129 homes have sold and gone under contract since January 1, 2007. Here is a wrap up of what closed the past week:

-115 43rd- asking price $329,000, sold price $323,000
-138 75th- asking price $649,000, sold price $639,000
-22 77th- asking price $799,000, sold price $745,000
-24 63rd- asking price $959,000, sold price $875,000

The average percentage that these homes came down from their asking price was approx. 5%. All of these homes were resales, not new construction.

Congrats!


Congratulations to Sandy and Ed on the purchase of their new home! Best wishes and lots of happy memories!

Happy Memorial Day!


Wishing everyone a fun and happy Memorial day! Have fun! Be safe!

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.

Congrats!


Congratulations and best wishes to Dennis and Jeanette on the purchase of their new home! Have a great summer!

Sea Isle City -New Listing!


I just listed a beautiful home that I wanted to share.

The address is 5209 Central South. It is on the corner of Central and 53rd. This home is truly lovely! It is like new, has nice wetland/bay and sunset views. It was never rented and it shows! It is newly painted, has brand new carpeting in the main living area and stairs, 5 Trex Decks, is fully furnished, has an oversized living area, central vac, and a whirlpool master tub. It has a huge paver patio with LOTS of parking! This home shows like a model and is a MUST see!! If you would like to see more pictures or see a virtual tour, please go to my website: http://www.BeachHouseForMe.com

Saturday, May 12, 2007

Sea Isle City Market Update

There have been 125 homes that have sold or gone under contract since Jan. 1, 2007! Here is the rundown for the last week:

-233 86th St-asking $1,599,000, sold price $1,400,000 GREAT DEAL!!!
-205 50th St.- asking $725,000, sold price $705,000
-125 58th St.-asking $819,000, sold price $800,000
-85th & Landis-asking $899,000, sold price $720,000 GREAT DEAL!!!
-340 47th Pl-asking $1,195,000, sold price $1,122,500

All were new construction, and the average reduction in asking price was approximately 9%. 85th & Landis coming down approx. 20% is not a true picture of what is happening in the market though.