More Information about "the Gardens" in Ocean City, NJ
In a recent blog I spelled out the general layout for the Gardens area, that section north of North Street. And we did discuss the limited number of single family homes under $1 million. Let's be a bit more specific in this blog.
We find only 55 sale listings throughout the Gardens as of today. That's 36 single family, 4 multi-family, and 15 condominiums. Obviously, that limited number suggests how difficult it often can be for Buyers to find what they might be looking for in this area. Let's break each property category down for more review.
The single family sale listings show a $1,745,000 to $2,110,180 breakdown from median-to-average listing price for the entire 36 properties. One only finds 6 single families under that $1 million figure.
The multi-family sale listings are quite limited with only four properties ranging from $684,000 for a duplex to $1,248,500 for a triplex. This is a lower median-to-average listing price range; but except for one of the listings, all of the others are much further back from the ocean side of the Gardens.
The condominium sale listings show a $549,900 to $582,813 breakdown from median-to-average listing price for the 15 properties in this category. Seven condominiums are listed under $500,000; five more are listed in the $500,000 though the higher $600,000 range. The final three condominum sale listings are as follows: one in the higher $800,000 range, one in the higher $900,000 range, and only one over $1 million.
I personally have 1 single family and 5 of the 15 condominiums as sale listings, and our French Real Estate agency has an additional single family and mutli-family sale listing in the Gardens. I also have 1 vacant lot listing while our agency has 3 vacant lots and a bayfront single family listed, but not in the Multiple Listing Service (MLS).
Clearly, there is a great deal of strategy required to "find and purchase" or "market and sell" properties in the Gardens. Our particular location as an agency, my particular location as an Owner, and my total professional and concentration in this area as a real estate agent provide me with the contacts, the time, and know-how to effectively guide, plan, and satisfy a partiuclar Buyer or Seller in this unusual location in Ocean City. For details on sale listings mentioned by me or our agency, visit www.FrenchSales.com ... interested in renting in this area ... send me an email at Dustin@BeachNotes.net or visit www.FrenchRentals.com
Much more about the Gardens in future blogs ... thanks for taking the time to read this one.
Dap
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