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Sea Isle City Real Estate Market Update: Could Housing Be Following A Normal Trend?

Posted on Monday, June 21st, 2021




The Sea Shore Team of
Long and Foster
Real Estate Market Report:

Sea Shore Area Property Sales: 
Could housing be following a normal trend? Historically, at the Sea Shore Area competition tends to taper in early summer following the spring home buying season. The Sea Shore market is showing signs of easing off the frenzied pace seen in recent months. Mortgage application purchase demand has slowed slightly. However, with inventory tight, the slight slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.


AVAILABLE INVENTORY IN MAY:
The total number of Sea Isle City active inventory in May was 43 compared to
86 in May 2020. Last months total inventory was higher than the previous month’s total supply of available inventory by 34, an increase of 26%.

UNITS SOLD IN MAY:
In May, 31 total units were sold in Sea Isle City which was an increase from the previous month. Sea Isle City’s total units sold was higher than this time last year

MEDIAN SALE PRICE IN MAY:
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Sea Isle City Homes was $825,000. This past May, the median sale price was $1,290,500. an increase $465,500 compared to last year.

SALE PRICE TO LIST PRICE RATIO IN MAY:
In May, the average sale price in Sea Isle City was 98.7% of the average list price, which is 3.0% higher than at this time last year.





VIEW MORE INFORMATIVE LINKS BELOW:

Today, more than ever, it is so Important to Hire an Experienced, Knowledgeable, Local Team to help You Navigate this changing
?Sale and Rental Market.

Sea Isle City Sale Market Update:

The SeaShore Team of Long and Foster Real Estate, Inc of Sea Isle City- continues to be Sea Isle City’s Highest producing Real Estate Team. The Sea Shore Team’s success of Selling and Renting over
?$75 Million a year is a result of the Service and Commitment to their Clients. The members of this team are experts in the community, offering valuable insight and understanding to the Buying, Selling and Renting Experience often connecting with their clients beyond the sale who highly recommend them.


Kyle Fasy, Nick Preuhs, Sandy Hennis Franulovic, Susan Hennis Giordano &
Ian Ciseck








NEW SALE PRICE $1,345,000

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?



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?EXTRAORDINARY BEACH BLOCK TOWN HOME WITH OCEAN VIEWS seen from Inside and Out. This Exceptional 4 Bedroom, Plus Huge Bonus Room, 3.5 full bathroom Townhouse with ELEVATOR is Just steps to the Beach and Located on an Oversized 60X100 Lot. This Property is being Sold Fully Furnishings, Turn-Key and was Custom Built in 2004 -
Additional Sale Links:
The Sea Shore Team of Long and Foster
Sea Isle City

Kyle Fasy, Ian Ciseck, Nick Preuhs, Sandy Hennis Franulovic & Susan Hennis Giordano


Seashore Team of Long & Foster Real Estate
4914 Landis Avenue, Sea Isle City, NJ 08243 | 609.263.1431 | 609.263.2267 | SeaShoreTeam.com
If your property is currently listed with another broker, please consider this informational and not a solicitation.