Here is an overview of the real estate market for The Wildwoods and Diamond Beach. 4th Quarter average sales price was $309,101. This up 3% from the 3rd quarter of 2015 and up .07% from the 4th quarter of 2014. Median sales price was a$255,000. That’s a 6% increase from the 3rd quarter and a decrease of 8.8% from the 2014. 204 units sold in the 4th quarter of 2015. That a decrease of 2.4% from the 3rd quarter and an increase of 8.5% from 2014. Days on the market has gone down to 132. That 3 days less than the 3rd quarter and 15 days less than it was a year ago. Now is a great time to buy, invest and sell at the shore! For more information on Wildwoods and Diamond Beach Real Estate contact me. Matt
Here’s what’s happening in the Ocean City, NJ real estate market:
Average sales price of $588,770 has gone down by 1% compared to the 3rd quarter of 2015 and down 1% from 4th quarter of 2014. Median sales price of $481,000 is down 7% compared to the 3rd quarter and 1% down from 2014. Sales volume of 222 units sold is down 7% from the 3rd quarter and up 2% from 2014. Days on market has gone up also to 128 days on market.
Right now is a great opportunity to buy sell and invest in Ocean City. Please contact me for more information on Ocean City, NJ real estate. Matt