Sea Isle City--Is now the right time to buy? Are we at the bottom??
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