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Sea Isle City Real Estate Market Report: Week in Review!

Posted on Monday, July 31st, 2023

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267
Sea Isle City Sale Market Update:
Active Inventory
Versus last year, the total number of homes available June 2023 is lower by 6 units or 11%. The total number of active inventory this June was 51 compared to 57 in June 2022. This month’s total of 51 is lower than the previous month’s total supply of available inventory of 54, a decrease of 6%.
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Sea Isle City Homes was $1,285,000. This June, the median sale price was $1,725,000, an increase of $440,000 compared to last year. The current median sold price is higher than in May.
?Settled Sales Volume for SECOND Quarter 2023!
A Huge Thank You to Our Clients and Colleagues who helped us reach this
?Level of Achievement!
We Sincerely Appreciate your Business and Partnership!
The Federal Reserve voted on Wednesday to increase its benchmark short-term rates, Mortgage rates are not directly affected by the Fed’s rate but are also influenced by them.
Mortgage Rates range from 5.875% to 6.875% depending on terms.
?Click Below!
Looking to find the perfect Vacation Rental? Need help getting your house rented?
Ask for Sandy, Ian or Kyle! 609 263-1431
Ask for Sandy, Ian or Kyle! 609 263-1431
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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.
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 |
If your property is currently listed with another broker, please consider this informational and not a solicitation.