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Sea Isle City Real Estate Market Update: Sales Market is heating up!

Posted on Monday, March 20th, 2023

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267
Sea Isle City Market Update:
Sea Isle City February Market Data:
New Listings & Current Contracts:
In February 2023 there were 20 homes newly listed for sale in Sea Isle City compared to 27 in February 2022, a decrease of 26%. There were 19 current contracts pending sale this February compared to 27 a year ago. The number of current contracts is 30% lower than last February.
Active Inventory:
The total number of active inventory this February was 65 compared to 49 of 33% higher than in February 2022. February 2023 total of 65 is lower than the previous month’s total supply of available inventory of 68, a decrease of 4%.
Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term.
Jumbo Rates range from 5.625% to 6.125% depending on terms.
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ATTENTION HOME OWNERS: WE NEED YOUR 2023 RENTAL RATES!
TENANTS ARE ALREADY BOOKING!
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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!
A Huge Thank You to Our Clients and Colleagues who helped us reach this Level of Achievement!
We Sincerely Appreciate your Business and Partnership!
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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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Contact us today and let us put our Knowledge and Expertise to Work for You!
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.