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BEACH NOTES ... January 10, 2012 ... Ocean City, New Jersey 08226
Sale Listings As of January 1, 2012 ... in Ocean City, New Jersey
 
Year   Property   # Listed   Ave Listing Price   Median Listing Price   Location
____   ________   _______    ______________     _________________     _______
2012    Single          162            $1,340,363               $777,450                  All Ocean City
2012    Single            54            $1,229,933               $899,700                  Northend/Gardens
2012    Multi              62            $    856,386               $720,445                  All Ocean City
2012    Multi              23            $    632,043               $539,000                  Northend/Gardens
2012    Condo         635            $    620,818               $499,000                  All Ocean City
2012    Condo         106            $    542,745               $484,450                  Northend/Gardens
*  "Northend/Gardens" # is a part of the "All Ocean City" # of Sale Listings
(The Northend begins north of Sixth Street and continues to south of North Street ... The Gardens
begins north of North Street and continues to the end of the island at the Longport Bridge.)
 
During the last couple of years several trends became quite noticeable ... one being that the single family market was maintaining listing price points with the exception of the "short sales" on some of the new construction singles.  During that time, and particularly in the Northend/Gardens single family properties, it was slowly becoming much more difficult to find listings priced under the $1 million figure (particularly those closer to the beach).  Looking at present ... more

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