Sea Isle City's 2011 Real Estate Market Wrap Up
Sea Isle’s
real estate market did pretty well for 2011.
In fact it was my busiest year yet!
Here is the
comparison for 2011 and 2010.
In 2011
there were 200 homes that went under contract:
-6 Single family homes which were on the market for an
average of 201 days and they were sold an average of 79% of their original asking price. (the
price they were first listed for)
-48 Condos which had an average of 178 days on
market and sold for an average of 88% of their original asking price.
-138 Townhouses
which had an average days on the market of 206 days and they sold for 90% of
their original asking price.
-2 Lots which were on the market for an
average of 46 days and received 97% of
original price.
-6 Multi-Family Homes which were on the market for an
average of 204 days and received 90% of their asking price.
So the
average price of everything that sold in Sea Isle City was $637,645, the median
was $595,000 and the average days on market were 197.
In 2010
186 homes went under contract:
-16 Single Family Homes which had an average days on the
market of 243 days and they received on average 85% of their original asking
price.
-62 Condos which had an average days on market
of 232 days and they received 83% of their original asking price.
-105 Townhouses which had an average of 205 days on
market and the homes sold for an average of 89% of their original asking price.
-2 Lots that were on the market for an average of 80
days and sold for on average 89% of their original asking price.
-1 Multi-family home which was on the market for 272
days and sold for 81% of its original asking price.
So the
average price of everything that sold in Sea Isle City was $665,253, the median
was $600,000 and the average days on market were 217.