Cape May County Sales Tranaction Analysis 2008- 2012

 

Cape May County Real Estate Sale Tranaction Analysis 2008- 2012

 
Year

First Half Averages 2008

First Half Averages 2009

First Half Averages 2010

First Half Averages 2011

Original Price

$653,515

$479,397

$520,581

$562,375

Sold Price

$533,652

$402,128

$448,252

$477,742

OP to SP %

82%

84%

86%

85%

Days on Market

222DOM

214DOM

224 DOM

252 DOM

Transactions

1053 Total

813 Total

925 Total

929 Total

Total Sales

$561,935,959

$326,929,345

$414,633,913

$443,823,144

Year

First Half Averages 2012

Original Price

$595,654

Sold Price

$462,126

OP to SP %

78%

Days on Market

242 DOM

Transactions

1169 Total

Total Sales

$540,226,147

 

If you have been sitting on the sidelines waiting for the bottom of this real estate cycle this is your turn to move. This bottoming recovery is fast paced so get ready to move. The volume is tremendous. The volume at the bottom of the market is higher than the top of the market. We will see a jump off the bottom of 5 to 10 percent from now until next spring. Take advantage of the low interest rate while they last.  So if you want the real take on the jersey Shore real estate market give Ian Lazarus a call to discuss your options. Search available properties at www.FindaShoreHome.com or www.AtlanticCityRealEstateBlog.com

Jersey Shore Sold Transactions

Leave a Comment

Your email address will not be published. Required fields are marked *