BEACH NOTES ... January 10, 2012 ... Ocean City, New Jersey 08226

Real Estate Agent with Goldcoast Sotheby's International Realty License # 9481514

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 sale listings bears this out right now.  And the total single family listing numbers across Ocean City show a property category in fairly good shape.

The multi-family property category is simply a minor bleep on the screen ,,, most require a great deal if work and are much further back from te beach.  The day of finding a duplex and renting one floor and using the other is all but forgotten.

Finally, the condominium market (which was the most damaged from 2006 on) has slowly gotten a bit better ... the main reason would be far fewer sale listings.  It is still not a perfect situation with so many motel type efficiency and one-bedroom units available; but it has reduced inventory to a point where many sellers can hold the line with their listing price.                dap




Posted by


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
New Jersey Cape May County Ocean City Northend/gardens
2012 sale listings in ocean city new jersey

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Dustin A. Peters

Your "Northend & Gardens" Contact in Ocean City!!!
"Island Time & Life Style Change" ... ASK ME A QUESTION?
Spam prevention

Additional Information