Looking for a Single Family in the Northend or Gardens ... in Ocean City, New Jersey
If you are a dedicated reading of my blog postings, you are truly an amazing person. Thank you. But continuing on, you might realize that I have been talking "a bit de'negative" in my last few postings. I've been saying that it is not the end of the "South Jersey Shore Revival," but it does appear to be knocking off a bit early here in November, even before Thanksgiving. I'm no longer going to try to explain it ... why ... I have no real concrete answers.
But I do have some interesting single family stats that might be useful for any buyer out there trying to find a single family right now. There are 97 single family sale listings in the Northend and Gardens as of this posting date ... 33 of them come in under $700,000. And you say: "I can't afford that." 23 of them come in under $600,000. I hear it again: "I won't go that high." 14 come in under $500,000. Ah, we're getting better, and 5 come in under $400,000.
And there is more: 3 of the 4 under $400,000 have 40x115 or higher foot lots ... a great size for Ocean City.
Another stat going back to the total 33 singles mentioned above ... 21 are found in the Northend, and 12 are located in the Gardens.
Consider this statement that I have used all of 2009: "It's a good time to buy." Or this one: "if you plan to buy in the next 5 years, it might be better to buy in the 1st year.
Overall, 2009 appears to be about the same as 2007 and 2008 ... improving, doing better than the overall national housing stats, but clearly not back to where all of us want it to be. But that "all of us" doesn't include "buyers." Because right now is exactly the way you want it to be. Wait too much longer, and you may continue to be sitting on the sidelines.
Don't accuse me of trying "to sell you" ... because you have the advantage because I have no real clue who is reading this posting. There is still time in 2009!!! dap