jersey shore real estate: MARKET REVIEW - 04/25/07 03:22 AM
The first quarter of 2007 in Somers Point showed 15 single family homes sold, compared to 17 in 2006. The average sold price had a drastic reduction from $326,058 in 2006 to $235,633 in 2007.  This drastic change is due in large part to two factors: Higher end homes are selling much slower, and rehab & fixer-uppers are selling for much less.
With a lot of inventory for buyers to choose from, homes with "issues" are much harder to sell. When buyers have alot to choose from the prohibitive value of the  "issue" greatly increases as buyers opt for the choice that offers less inconvenience.
For example, … (0 comments)

jersey shore real estate: #1 Rule in Real Estate - - LOCATION - LOCATION - 04/25/07 02:37 AM
Here is your chance for an affordable home in Somers Point's Residential Bay area.
3 bedroom 1 full bath for $249,000
For more information & pictures Log onto: www.SuzannMurphy.com/297807
Questions and/or appointment contact:
Suzann Murphy, RE/MAX Atlantic, 1612 Tilton Road, Northfield, NJ 08225 609-645-0009 x19
 
REMINDER: My No Sales-Stalking Policy - - I won't contact you unless you ask me to and if you appreciate that, call me when you are ready to buy or sell your home.
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