• Aug. 16, 2009 - Ocean City NJ Fall Outlook 2009
 Interest in the Ocean City, New Jersey real estate market has been evident all summer long, and we're seeing more than a few SALE signs turning to SOLD. Recent adjustments in asking prices, (and negotiable sellers) are fueling what looks to be an active fall market at the shore.
Today’s interest rate quotes are coming in at around 5.25-5.5 % for a 30 year fixed rate – good news for qualified purchasers ! And there’s still a healthy inventory of homes and condominiums to choose from. [ more ]
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• Jan. 9, 2009 - 2009 Real Estate Outlook
• Nov. 17, 2008 - 'tis the Season ...
 'tis the season
Yes Virginia, there IS real estate sold in Ocean City, New Jersey in November and December ....
Smart, qualified and motivated Buyers and Sellers haven't closed shop for the holidays. In fact, January and February are even good months to buy and sell. The internet has changed buying habits - AND selling strategies. With Real Estate websites open 24-7 buyers can shop for a home at the shore as easily as they can a tie or a Phillies World championship shirt. [ more .... ] CLICK TO PRINT THIS MONTH'S BEST VALUES FLYER FOR OCEAN CITY, NJ
includes singles, duplexes and condos in a variety of locations
James I. (Jim) Marshall, CRS, GRI, e-PRO
1 - 888 - 602 - 3243 24 Hrs Daily
Prudential Fox & Roach Realtors
Ocean City, NJ
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• - Ocean City REO's and Pre-Foreclosures
There’s no doubt that the real estate environment is dramatically different today than it was just a few years ago.
At the Jersey shore the days of 15-20 % annual appreciation are just a memory – and we await the return of the “normal” 7 % average ten year appreciation rate that we experienced during the 1970’s, 1980’s and 1990’s.
Over the past few years many shore buyers used no-interest and low-rate loans to help them qualify for mortgages and join in the real estate boom. When property values began to drop many of these “investors” began feeling the crunch of rising adjustable rates and are now faced with tightening the purse strings to make ends meet.
The result : foreclosures – Right ?? Well, maybe ….
Although the list of pre-foreclosures has grown from what we’ve been used to, we really haven’t been flooded with desperate sellers ready to unload at a discount before the banks take over.
The myth that the best deals are Bank Owned Real Estate or Distressed Pre-foreclosure Sellers is only partly true.
Some of the Best Deals being made today include astute sellers with equity that they’ve built over a ten year period (or longer).
My Advice : Don’t disregard the properties listed on the Multiple Listing Services – there are still a few Diamonds in today’s inventory. Find a Realtor that’ll tell you about ALL of the inventory, and don’t hesitate to Make An Offer if you see something you like ….
- Jim Marshall
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• Jan. 18, 2008 - Ocean City NJ - Worth Another Look
There IS good news to report regarding Ocean City, NJ real estate ! According to the South Jersey Shore Regional Multiple Listing Service sales volume in Ocean City has improved over the past 12 months - with some obvious trends developing.
Although the average sales price dropped, and days on the market increased, for MOST properties the overall forecast seems MUCH better than it did just a year ago.
As you might expect, homes and condominiums priced in a more affordable price range ( $250,000 to $700,000) have been selling - while property priced at $700,000 and up are still experiencing the pains of higher supply and lower demand - meaning some price adjustments and property conditions are still necessary.
For Buyers this indicates that you shouldn't be too surprised if you find competition ( and multiple bid situations ) on the BEST PRICED properties -
My Advice - If your'e looking to buy a shore property while rates are attractive get PreApproved and be prepared to move fast - If you're looking to sell, invest in a Home Inspection TODAY and take care of any concerns so your property will sell with confidence !
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When the final statistics for 2008 sales in 
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