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Sea Isle City MLS Sale Listings Summer Rentals - Sea Isle Realty

Contact Paul Bodo, Sea Isle Realty:

Paul@iLoveSeaisle.com

For ALL Sea Isle City, NJ SOLD Properties - From 06/01/2009 to 12/31/2009:
Average # of Units Sold Per Month: 16
Average Asking Price: $782,021
Median Asking Price: $697,000
Average Selling Price: $620,876
Median Selling Price: $602,000

Average Days on Market 06/01/2009 to 12/31/2009: 199 (6 . 6 months)

Currently there are 258 properties for sale in Sea Isle City, NJ.

Pricing your property is key to getting it sold. The first offer is usually the best offer you will get.

Want new sale listings emailed to you daily? Email Paul to get on his no hassle Express Email of Sale Property.

All Sea Isle City properties that were newly listed "FOR SALE" in the following months:

	Jan.	Feb.	March	April	May	June	July	Aug.	Sept.	Oct.	Nov.	Dec.	Total:
2010 - Listed For Sale	**	**	**	**	**	**	**	**	**	**	**	**	*******
2009 - Listed For Sale	62	47	54	45	26	32	36	44	50	48	33	23	500
2008 - Listed For Sale	55	44	41	40	36	35	34	39	81	51	34	30	520

Sea Isle City, NJ is primarily a townhouse town. The townhouses generally are 4 to 5 bedrooms with 2 to 3 . 5 bathrooms and are about 1,950 square feet.

	Townhouse Average Asking Price 10-1 to 12-31-2009:	Townhouse Average Sold Price 10-1 to 12-31-2009:
Beach Front:	(11 properties) $1,687,727	(2 properties) $1,149,500
Beach Block:	(20 properties) $810,890	(13 properties) $754,980
Middle of Island:	(21 properties) $679,076	(24 properties) $641,804
Bay Front:	(8 properties) $967,350	(1 properties) $775,000
Total:	60 properties	40 properties

Email Paul for more precise statistics that may fit your situation.

All Sea Isle City sale property activity that went "Under Contract" or "Sold" in the following months:

	Jan.	Feb.	March	April	May	June	July	Aug.	Sept.	Oct.	Nov.	Dec.	Total:
2010 - Under Contract & Sold	**	**	**	**	**	**	**	**	**	**	**	**	*******
2009 - Under Contract & Sold	7	22	17	17	24	10	12	16	17	24	11	13	190
2008 - Under Contract & Sold	22	23	26	18	15	9	13	10	14	13	8	10	181
2007 - Under Contract & Sold	27	31	34	27	15	16	15	8	19	21	19	7	239
2006 - Under Contract & Sold	15	8	16	16	14	13	11	10	18	9	12	16	158

Although there are no steadfast rules to determine future pricing, months' supply of inventory (total inventory divided by the number of houses sold per month) is a great guideline. A normalized or balanced market has five to six months of inventory. For example, if 100 houses sell a month, there should be 500 to 600 houses in active inventory. Based on this principle, if you have one to two months of inventory, double-digit appreciation is likely to occur. Lack of supply will cause potential buyers to clamor over the few homes that are for sale, which in turn drives prices higher. On the other end of the spectrum, with seven to eight months or more of inventory, there simply are not enough buyers to support the number of homes for sale, single or double-digit depreciation is likely to occur. Current economic conditions will also have an effect on the direction of pricing, as pricing is directly connected to average income.

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The owner of SeaisleRealEstateAgent.com is a licensed New Jersey Realtor who works at Sea Isle Realty.