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Sea Isle City Real Estate Market Update: Columbus Day Edition

Posted on Monday, October 09th, 2023

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267

SEA ISLE CITY SALE UPDATE:

Active Inventory

The total number of active inventory this August was 56 compared to 57 in August 2022. This month’s total of 56 is lower than the previous month’s total supply of available inventory of 58, a decrease of 3%.

Median Sale Price

Due to the relatively small number of units sold, the median sale price showed significant change this month. Last August, the median sale price for Sea Isle City Homes was $999,000. This August, the median sale price was $1,100,000, an increase of $101,000 compared to last year. The current median sold price is lower than in July.

Sea Isle City August Market Report
New Sale Listings
Price Changes
Under Contracts
Sold & Settled
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NEW LISTINGS-SHORE POINTS
WE DID IT AGAIN!
?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!

Home buyers looking to find relief from higher borrowing costs are reaching for adjustable-rate mortgages, which tend to have lower introductory rates before resetting after five or 10 years.

Mortgage Rates range from 6.25% to 7.125% depending on terms.

?Click Below!

Current Interest Rates
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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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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.