Showing posts with label market conditions. Show all posts
Showing posts with label market conditions. Show all posts
Friday, January 25, 2013
Realtors Lawrence Yun Talks Housing, Jobs, Elections
Great real estate information brought to you by The Landis Co., Realtors.
For more information about Sea Isle City or Cape May County real estate
contact us at info@LandisCo.com or (609) 263-3400. www.LandisCo.com
Thursday, January 24, 2013
Sea Isle City Townhouse Sold Transactions 2012
| Sea Isle City Market Report | ||||||||||
| Statistics for: Sea Isle City Townhouses Date Range 01/01/2012-12/31/2012 | ||||||||||
| Class | Bedrooms | Total Listed | Num Sold | Pct Sold | Avg List Price | Avg Sale Price | Sale/List Price | Avg DOM Sold | Avg List Price Unsold | Pct Expired |
| All | All | 251 | 168 | 66.93% | $731,896 | $697,503 | 95.30% | 223 | $768,032 | 43.03% |
| CT | 3 Bedroom | 12 | 8 | 66.67% | $515,612 | $489,375 | 94.91% | 285 | $461,870 | 75.00% |
| CT | 4 Bedroom | 140 | 100 | 71.43% | $716,649 | $682,499 | 95.23% | 226 | $758,757 | 42.14% |
| CT | 5 Bedroom | 83 | 51 | 61.45% | $775,210 | $738,650 | 95.28% | 210 | $842,488 | 42.17% |
| CT | 6 Bedroom | 15 | 9 | 60.00% | $848,111 | $816,055 | 96.22% | 210 | $903,833 | 20.00% |
Saturday, January 19, 2013
Sea Isle City Vacation Rental Market 2013 Update
Here we are in January 20, 2013 and The Landis Co. is gearing up and retooling for a very exciting new year in Sea Isle City. So why do we say that? First of all the city is making great strides in infastructure with construction all around town. One of the major projects is the JFK Boulavard area improvement project. More about this will be focused in a future blog post or read some of the previous posts.
Two things have us feeling good about this years rental season. These are a supply and demand issue.
One is that we are finding many of our tenants are either booking the same property in advance or hurrying to pick a different one before the big rush that comes in February.
The second is the stablizing in the real estate market in Sea Isle City. Last year we saw a 50% increase in sale with a total of 228 units sold. Many of these properties are now off the rental market which has lowered the total number of rental properties. We will be monitoring the rental permits and get that information out later in the year. With even half of the properties no longer on the market that is a lose of 1140 weeks of inventory. Additionally many agents are also hearing that many owners seem to be blocking out more owner weeks for some reason as well making this year more problematic for tenants that like to wait until the summer for picking a rental property.
This is not the year to play games if you want to be in Sea Isle City this summer. We look forward to helping you secure your vacation rental. Find us on the internet at www.Landisco.com or call one of our professional agents to send you properties and get you ready for the summer.
Jim Sofroney
The Landis Co., Realtors
6000 Landis Avenue
Sea Isle City, NJ 08243
(609) 263-3400
info@LandisCo.com
http://www.landisco.com/2013/2013-rentals.php
Tuesday, December 11, 2012
Jersey Shore Historical Low Mortgage Rates December 10, 2012
Financing Options
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Rate
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Points
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Annual Percentage Rate
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30 Yr Fixed Conforming
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3.125%
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0
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3.15%
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30 Yr Fixed JUMBO **loan
amounts from $417,001 to $2,000,000**
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3.990%
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0
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4.02%
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15 Yr Fixed Conforming
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2.500%
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0
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2.546%
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5/1 ARM Conforming
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2.125
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0
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2.836%
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**ARM Product listed
is Fixed for the first 60 Months**
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Gina Tubertini
Loefflad
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VP, Regional Residential
Loan Sales Manager
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Cell: (609) 675-8375
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Email:
gtubertini@capebanknj.com
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NMLS# 454137
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(800) 858-2265 Ext
2511
For more information about Sea Isle City real estate or Cape May County property contact The Landis Co., Realtors.
(609) 263-3400 or info@LandisCo.com
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Monday, December 10, 2012
Sea Isle City Real Estate l Mortgage Rates as of December 10, 2012
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Rates as of:
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Monday, December 10, 2012
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Inspirational Quote of the Day:
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"They say you can't do it, but
remember, that doesn't always work." Casey Stengel
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Financing Options
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Rate
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Points
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Annual Percentage Rate
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30 Yr Fixed Conforming
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3.125%
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0
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3.15%
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30 Yr Fixed JUMBO **loan
amounts from $417,001 to $2,000,000**
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3.990%
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0
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4.02%
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15 Yr Fixed Conforming
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2.500%
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0
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2.546%
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5/1 ARM Conforming
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2.125
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0
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2.836%
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**ARM Product listed
is Fixed for the first 60 Months**
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Cape Bank is pleased
to offer the following programs:
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> Portfolio Loans
<
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> Warrantable &
Non-Warrantable Condominiums <
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> Secondary
Homes <
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> Investment
Properties <
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> Construction to
Permanent Loans <
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> FHA,USDA <
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Locks <
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Call today for a FREE
PRE-QUALIFICATION
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Cape Bank is a
full-service bank with 15 branches serving Cape May & Atlantic Counties,
offering a full range of deposit and loan products for Residential, Consumer
& Commercial financial needs.
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The above listed rates
are the most current offering. Rates
and terms are subject to change without notice up to time of commitment. This
information is provided to assist Real Estate Professionals and is not an advertisement
to extend credit as defined by Regulation Z.
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Cape Bank is An Equal
Housing Lender
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Member FDIC
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Thursday, December 6, 2012
Sea Isle City Townhouse for Sale, 221 82nd St., East
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| Location | 221 82nd Street, East, Sea Isle City, NJ |
| Listing # | 148412 |
| Price | $649,000 |
| Property Type | Townhouse |
| Search 100's of Properties Here | |
| Beds | 4 |
| Full Baths | 3 |
| Half Baths | 1 |
| Approx. Sq. Foot | 1824 |
| Garage | 1 Car, Attached, Concrete Driveway, Garage |
| Heating | Natural Gas |
| Cooling | Ceiling Fan, Central Air |
| Water | City |
| Sewer | City |
| Remarks | The best of both worlds in Townsend's Inlet with endless bay and sunset views but only a two and a half block walk to the beach. Close to a rafting, bathing, and surfing beach and within walking distance to all the south end restaurants, TI beach patrol house with restrooms, and beach playground. This property is very clean, well maintained, and has the potential to earn over $25,000 although owners only rented a few weeks last summer. Start making lifelong family memories and enjoy living on one of the best streets in Townsend's Inlet. A must see and very easy to show! |
| Listed by | Yvonne Carey, The Landis Co., Realtors (609) 922-1966 mobile Search 100's of Properties Here |
Sea Isle City, Townhouse for sale 5900 Pleasure Avenue
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| Location | 5900 PLEASURE Avenue, South, Sea Isle City, NJ |
| Listing # | 146810 |
| Price | $699,900 |
| Property Type | Townhouse |
| Search 100's of Properties Here | |
| Beds | 4 |
| Full Baths | 3 |
| Half Baths | 1 |
| Search 100's of Properties Here | |
| Garage | 1 Car, Attached, Concrete Driveway, Garage |
| Heating | Forced Air, Natural Gas, Multi Zoned |
| Cooling | Central Air |
| Water | Public |
| Sewer | Public |
| Remarks | MAGNIFICENT BEACHBLOCK TOWNHOUSE ON SOUGHT AFTER PLEASURE AVENUE. GREAT ATTENTION TO DETAIL HAS BEEN GIVEN TO EVERY SQUARE FOOT OF THIS 4 BEDROOM 3.5 BATH OFFERING. MARVEL AT THE EXCEPTIONAL OCEAN VIEWS FROM THIRD LEVEL. FIRST LEVEL CONTAINS 1-CAR GARAGE/LAUNDRY, 1 BEDROOM AND 1 BATH. SECOND LEVEL CONTAINS 3 BEDROOMS, 2 BATHS (1-EN-SUITE). THIRD LEVEL CONTAINS LIVING ROOM WITH BEAUTIFULLY TILED FIREPLACE, DINING AREA, KITCHEN WITH NEWER GRANITE COUNTER TOPS & STAINLESS STEEL APPLIANCES, AND POWDER ROOM. WELL APPOINTED WITH NEWER HARDWOOD FLOORS, AND CARPETING, CUSTOM PROFESSIONALLY DONE WINDOW TREATMENTS AND DESIGNER FURNISHINGS ALL OF WHICH ARE INCLUDED IN THIS SALE. CONVENIENTLY LOCATED JUST STEPS THE BEACH AND 2 BLOCKS TO THE PROMENADE/BOARDWALK. LARGE DECKS ON EACH LEVEL AND PLENTY OF OFFSTREET PARKING FOR THE FAMILY. EXCELLENT RENTAL HISTORY....COMPARE THE PRICES!!! YOU WILL NOT FIND A BETTER DEAL WHEN YOU SEE THIS SPECTACULAR HOME! CALL LISTING AGENT FOR SHOWINGS. |
| Listed by | Jamie Sofroney, The Landis Company, (609)425-5555 Search 100's of Properties Here |
Saturday, December 1, 2012
Sea Isle City Sold Transactions November 2012
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Address
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Sold Price
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Closing Date
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DOM
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Townhouse
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$520,000
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11/2/2012
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82
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Townhouse
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$1,455,000
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11/2/2012
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533
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Condo
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$350,000
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11/9/2012
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335
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Single
Family
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$812,500
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11/9/2012
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123
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Townhouse
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$630,000
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11/13/2012
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104
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Townhouse
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$665,000
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11/15/2012
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192
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Duplex
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$725,000
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11/15/2012
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143
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Condo
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$337,500
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11/16/2012
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281
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Townhouse
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$602,000
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11/16/2012
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72
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Townhouse
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$635,000
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11/16/2012
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178
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Townhouse
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$730,000
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11/16/2012
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57
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Townhouse
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$795,000
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11/16/2012
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203
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Townhouse
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$535,000
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11/19/2012
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236
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Townhouse
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$620,000
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11/19/2012
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148
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Townhouse
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$795,000
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11/19/2012
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207
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Townhouse
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$610,000
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11/20/2012
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63
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Townhouse
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$810,000
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11/20/2012
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110
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Townhouse
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$998,000
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11/20/2012
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88
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Townhouse
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$722,500
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11/26/2012
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322
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Townhouse
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$725,000
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11/29/2012
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65
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Single
Family
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$732,000
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11/29/2012
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86
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Condo
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3500
Boardwalk #318
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$399,000
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11/30/2012
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470
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Townhouse
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$495,000
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11/30/2012
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38
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Townhouse
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$505,000
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11/30/2012
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151
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Townhouse
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$550,000
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11/30/2012
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63
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Townhouse
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$600,000
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11/30/2012
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253
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Single
Family
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$706,250
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11/30/2012
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147
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