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.

When the final statistics for 2008 sales in Ocean City, New Jersey roll in I suspect that we’ll see a final tally similar to 2007 – which is much better than similar reports we’re hearing from across the country.

'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

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 !