OCEAN CITY MARKET REPPORTS

March 4, 2014

Jan- New Home Sales UP 9.6%!

March comes in like a lion and goes out like a lamb. As March comes in this year, the housing sector continues to roar ahead with good news, while other sectors are struggling. Read on to learn the latest details, and what they mean for home loan rates.

Despite the ...

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Feb. 15, 2014

Property tax appeal information

How to appeal your Shore Property Taxes:  

Recently every home owner in Cape May County received their 2013 tax assessment.  Including Ocean City, Sea Isle, Avalon, Stone Harbor, the Wildwoods and Cape May County. This will serve as your 2014 basis for taxation.  

If you feel that your ...

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Dec. 19, 2013

Interest rates forecasted to rise in 2014.

The FED just announced they are reducing the rate at which they are buying bonds-indication is the economy has improved & growing. Interest rates to rise in 2014. Read full article below from Buisness Week: 

http://www.businessweek.com/articles/2013-12-18/the-fed-cuts-bond-buying-ever-so-slightly

Dec. 19, 2013

Construction jumps 23% Fastest Pace in 5 Years


Housing Recovery is Accelerating...US builders are breaking ground at the fastest pace in 5 years!!!!!

 http://www.philly.com/philly/business/20131218_ap_fa4c476b55a5480a9d7ff75f8d336972.html

read the article above:

Dec. 16, 2013

5 Reasons the Luxury Real Estate Market is Booming!

The Luxury Real Estate Market is Booming with potential!  Check out 5 Reasons why below:

 

http://finance.yahoo.com/news/5-reasons-luxury-real-estate-204100276.html

Sept. 30, 2013

What's Sold the Past 30 Days in Ocean City NJ

Birkshire Hathaway Fox and Roach Realtors

View the most recent Homes that have SOLD & Settled Ocean City-w maps, Photos and Sold Prices & full details: 

2014 

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Aug. 28, 2013

Just Released FEMA Flood Map

JUST UPDATED NEW FEMA FLOOD MAPS: SUMMARY: Ocean City has 3 properties moving into the V zone and just over 3,000 homes moving from the V zone to the A zone.   Great new over all for Ocean City.  Stone Harbor was the biggest loser as they added ...

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Aug. 20, 2013

OCNJ Ranks #1 by Wall St. Journal

Ocean City,  NJ  Ranks #1 to buy and own a vacation home in the UNITED STATES by the Wall St. Journal's online magazine "marketwatch.com." North Wildwood Ranked #2!  Not bad South Jersey!  This based upon economist view, market demand and historical affordable indexes and prices ...

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July 13, 2013

Ocean City Market Statistics

JUNE- UP 32%!*  It appears any notion & affects of "sandy" have all but eroded.   Below is a market report for Ocean City's Sales market-homes placed under contract for the periods compared.  Homes Under Contract is the best barometer to evaluate "current" market conditions for the ...

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