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We are now at 36 homes to go under contract in Sea Isle City since January 1st. The homes that have closed since the last post are: -4114 Central Ave, asking price $359,900, sold for $315,000
-32 47th St., asking price $829,000, sold price $775,000 -4406 Venicean, 2nd Floor, asking price $575,000, sold price $555,000
-137 48th St, asking price $649,000, sold price $600,000
-4433 Venicean, asking price $699,000, sold price $680,000 |
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When discussing real estate, everyone always asks, "Are we at the bottom now?", "Is it the right time to buy?", "Do you think prices are still continuing to drop?".
We think by judging the information below, the numbers speak for itself on how Sea Isle City is doing. The following date is provided by the Cape May County Paragon Multiple Listing Service (MLS) and refers to townhouses only to sell in Sea Isle City. Judging by the info below we really do think that we are at the bottom. We don't think prices are going to sky-rocket up, but we also don't think they are going to be dropping significantly either. With interst rates still hovering around 5% for a 30 year conventional mortgage with no points this really could be the moment you were waiting for!
#of Townhouses Sold in Sea Isle City
2006 2007 2008 2009
100 159 109 119
Sea Isle City Sales Prices of these Townhouses
2006 2007 2008 2009
Average $890,319 $815,000 $715,213 $720,541
Median $795,000 $734,000 $700,000 $700,000
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Exciting things are happening in Sea Isle City with commercial development! The Diamonds Liquer project is moving along smoothly and is really adding a nice touch to the downtown area. Love the "diamond" windows to tie it all together! There will be 3 commercial units on the first floor, one being Diamond Liquers. The other two units will be take-out places--Boardwalk French Fries, the other being a Sushi Shop. There are still 3 residential condos available (8 sold) for $439K. Then there is the Busch's Development project. This summer everything stays the same as it has in the past, but then big changes are in store! Phase 1 will be on the west side of Landis between 86th and 87th Street. There will be 2-3 sit-down restaurants with full bars, 13 units which will be 4BR, 3BA ($499K) and 3BR, 2BA ($439) with lots of upgrades! During this time Busch's will be run as a take out restaurant out of their prep kitchen. It will be a lovely Victorian looking building. (if you would like to see the elevation or plans let me know!) Phase 2 will be on the west side of Landis between 87th and 88th Streets and this will be where Busch's puts in their new sit-down restaurant and there might be an additional restaurant there as well. There will be 14 residential condos. Phase 3 will be on the east side of Landis between 86th and 87th Street. There will be commercial on the bottom, right now the developers would like it to be retail. Then there will be 15-16 units on top. All of the Busch's development will include parking!
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28 Homes have gone under contract since January 1st, 2010, which isn't too bad considering all of the awful weather we have had so far! Here are the homes that have closed since the last post:
-125 75th Street, asking price $425,000, sold price $365,000
-126 39th Street, asking price $609,000, sold price $540,000
-213 56th Street, asking price $649,000, sold price $630,000
-8 68th Street, asking price $650,900, sold price $600,000
-7101 Central, asking price $654,737, sold price $612,000
-237 77th Street, asking price $729,000, sold price $695,000
-114 56th Street, asking price $749,000, sold price $725,000
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BOATING SAFETY CLASS
Saturday, April 24, 2010, 8:30 am – 4:30 pm, Community Lodge, $40, Ages 13 & older
Info: (609) 263-0050
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KIX McNUTLEY’S 20TH ANNUAL ST. PATRICK’S DAY PARADE Saturday, March 13, 2010 3:30 pm, Rain or Shine 93rd St. – 63rd St. & Landis Ave. Info: (609) 263-4461 Ext. 230 EASTER PROGRAM Wednesday, March 24, 2010 (Rain Date: March 31) 4:00 pm Dealy Field – 59th St. & Central Ave. Ages up to 11 years Info: (609) 263-0050 12TH ANNUAL OCEAN DRIVE MARATHON Sunday, March 28, 2010 Cape May to Sea Isle City, 9:00 am Sea Isle 5K Run/1.5M Walk, Registration 8:00 am, Run/Walk 9:45 am Info: (609) 523-0880 ENVIRONMENTAL COMMISSION BEACH CLEAN UP Saturday, April 24, 2010 10:00 am – 12:00 pm JFK Blvd. & the Beach Info: (609) 263-6000 Ext. 2 AEROBICSMondays, Wednesdays & Fridays - Adults, 9:00 a.m. @ Community Lodge $5/class or $40/10 session pass YOGAFITMondays & Fridays @ 7:30 a.m., Wednesdays @ 7:00 p.m., $10/class Info: (609) 602-3398 or www.njbeachYOGA.com SENIOR CITIZENS SIT & BE FITWednesdays & Fridays, 2:15 – 3:00 p.m. @ Community Lodge, No fee *VISIT THE SEA ISLE CITY WEBSITE AT www.seaislecitynj.us *
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The National Weather Service has issued a winter storm warning which is in effect until noon today. The heaviest snowfall is expected to be this afternoon, continuing into the night with total accumulations ranging from 4 to 8 inches. High winds are expected as well. Please use caution while traveling during this storm. In the event of an emergency dial 911. First quarter water/sewer bills are due March 1, 2010. Pay at City Hall; Monday - Friday, 9AM - 4PM by March 10, 2010. Please continue to visit our website for updated information regarding events, City business and to register for our electronic news briefs and our reverse 911 notification systems: www.seaislecitynj.us . |
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Just heard some interesting news. Busch's as we know it will come to an end at the end of the Summer 2010 season. They will remain in operation as a take out facility for many years to come and they may even go to a full service restaurant again at some point. They will be located where the prep kitchen is now for next year and then transition to a new facility the following year. There will be 3 new sit down restaurants with full bars where Busch's is now and 14 condo units above.
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We have had 20 homes go under contract since January 1st in Sea Isle City. The homes that have closed since the last post are:
230 78th Street, asking price $550,000, sold price $525,000
326 46th Place, asking price $689,000, sold price $665,000
7804 Central, asking price $695,000, sold price $645,000
209 75th Street, East and West, asking price $785,000, sold prices $760,000 and $785,000
114 55th Street, East and West, asking price $849,000, both sold for $825,000
122 87th Street, asking price $939,000, sold price $879,000
14 58th Street, asking price $998,000, sold price $959,000
317 47th Place, asking price $999,000, sold price $850,000
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The area remains under a State of Emergency. A blizzard warning has been posted through Midnight tonight. The County and the American Red Cross has set up a safety shelter in Woodbine. Should you be in need of emergency shelter due to loss of power or other safety concerns, please call the Police Department at 609 263-4311 *0. If necessary, transportation will be provided from your house to the shelter.
Please note; No parking is permitted on all of JFK Blvd as well as Landis Avenue from 29th Street to 93rd Street until 12PM Thursday. |
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Sea Isle City as well as all of Cape May County is still under a State of Emergency. The region will be under a winter storm warning 7AM Wednesday until Midnight. A mix of rain, sleet, and snow is expected with accumulations in the 4 to 8 inch range. Gale force winds are also expected during the storm. Please be informed that No parking will be allowed on all of JFK Blvd as well as Landis Avenue from 29th Street to 63rd Street beginning 10PM tonight until 12PM Thursday. |
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Residential trash and recycling collection has been canceled this week due to existing weather conditions. Anyone wishing to dispose of their trash or recycling products prior to next week may do so by dropping them off at the Public Works Yard, Tuesday thru Sunday from 7:15AM - 2:45PM.
Next week the following schedule will be in effect: 45th Street to 70th Street - Tuesday, 71st Street to 94th Street - Wednesday, 1st Street to 44th Street - Thursday. |
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Well we got tons of snow down here! Hard to tell exactly how much since it was so windy, but if I had to guess I would say approx. 18 inches. There was also a lot of power outages in Cape May County and Sea Isle City. Power lines down all over town. Here are some pictures I took today. 
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The National Weather Service has issued a blizzard warning for Southern New Jersey in effect 4:00PM on Friday to 7:00PM on Saturday. This storm is expected to produce gale force winds out of the Northeast, minor to moderate tidal flooding and the potential for 12 to 24 inches of snowfall. Please stay tuned to your local weather reports for the latest conditions of this storm. |
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