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Sea Isle City Real Estate Market Update: Sales Market Starting to Pick Up!

Posted on Monday, January 23rd, 2023

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267
Sea Isle City Market Update:
?December 2022
New Listings & Current Contracts
December 2022 there were 8 homes newly listed for sale in Sea Isle City compared to 10 in December 2021, a decrease of 20%. There were 6 current contracts pending sale this December compared to 11 a year ago. The number of current contracts is 45% lower than last December.
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last December, the median sale price for Sea Isle City Homes was $1,430,000. This December, the median sale price was $1,800,000, an increase of $370,000 compared to last year. The current median sold price is higher than in November.
The 30-year fixed-rate mortgage dropped again this week, another hopeful sign that more home shoppers will soon return to the market. The 30-year fixed jumbo mortgage rate ($726,201 and above) is 5.875%.
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?Sea Shore Team of Long and Foster RANKED #1 with OVER $85 MILLION in
?Settled Sales and Rental Volume for 2022!
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?Sea Isle City?
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 $85 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.
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Seashore Team of Long & Foster Real Estate
4914 Landis Avenue, Sea Isle City, NJ 08243 | 609.263.1431 | 609.263.2267 |
If your property is currently listed with another broker, please consider this informational and not a solicitation.