Sea Isle City Real Estate

Number of units sold through 3 quarters:

2006 (134 Sales)

• High Sale Price: $2,600,000
• Low Sale Price: $110,000
• Avg Sale Price: $808,036

2007 (178 Sales)

• High Sale Price: $3,850,000
• Low Sale Price: $182,500
• Avg Sale Price: $788,598

2008 (162 Sales)

• High Sale Price: $1,863,000
• Low Sale Price: $100,000
• Avg Sale Price: $652,941

What does this data mean?

First, that the Shore real estate market is active, despite what you see or read from the media. Real estate markets are local – not all are the same. Seashore real estate is desirable. Always was, always will be.

Second, although the number of units sold has remained relatively steady; the average sale price has dropped considerably.

Prices have come down. Interest rates have come down. It’s a Buyers market!! If you’ve been waiting to purchase that second home at the Shore – it’s a good time to buy.

Talk to a Pro! Contact me today so we can dicuss the local market. Call (800) 648 – 9316 or email me at df@njrealtyinc.com.

Andrew Fasy
Broker/Owner
NJ Realty, Inc