After the first 9 months in 2009, there has been a high volume of sales in certain segments of our market while others have been a little slower to find buyers. For example, the $500,000 - $800,000 new and newer market has remained very strong. 54% of all sales in Sea Isle fall within these prices. On the other hand, the higher end properties like the beachfronts and bayfronts have had the least demand in Sea Isle. This has resulted in some significant price reductions to facilitate a sale.
Having said all of that, the overall market has remained strong and values now appear to be at the bottom. In this quarter, 32 units were sold in Sea Isle City. Below is a link to more details.
32 units sold: Click Here to View Listings
Beyond location and size, there are other factors that influence a property's value. For a better understanding on a specific property value, please do not hesitate to call us.
This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Laricks Real Estate. Details taken from the CMC MLS.
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