Most realtors agree that the best time to purchase a home in Ocean City, NJ is the fall.  The summer vacationers have cleared out, and tired landlords are ready to sell.  You are more likely to get a home for below the asking price during the autumn when many people’s thoughts have turned from the beach and toward the holidays.  

It is also a lot easier for realtors to show you homes when they are not filled up with renters. Realtors have more time available for you because their schedules are not filled up by vacationers dreaming of owning their own home on the shore.

Ocean City real estate market trends

According to realtor.com the average price for homes in OCNJ is on the rise, while inventory is decreasing. From September 2015 to September 2018, the number of properties on the market in Ocean City, NJ has decreased by 37%. The average list price has increased by more than 5% in the past year.  

Get the best  prices on homes in the fall

While fall is the best time to purchase a home if you’re looking for the best price, late winter/early spring is the better time if you are looking for the greatest selection. There are more people selling their homes knowing that this is the time of year potential buyers are looking ahead to summer.  The increase in buyers, also means that sellers are more likely to get their full asking price.  Since 2015, March has been the month with the most properties on the market in Ocean City, NJ.

Why Ocean City New Jersey is popular

Ocean City, NJ is the perfect spot for a family vacation home.  Since OCNJ is a dry town, there won’t be late night parties to keep the kids awake at night.  Ocean City prides itself on offering wholesome family fun.  Voted America’s #1 Beach by Coastal Living in 2016, Ocean City offers nostalgia for all ages.  Shriver’s has been offering the taste of vacation with its fudge and taffy for 120 years.  There’s an intergenerational vacation memory!  Playland’s Castaway Cove offers the triple launch Gale Force roller coaster for the thrill seekers in the family.  And the beach itself offers wholesome family fun.  Head to the beach on the Saturday before Labor Day to see if one of your children or grandchildren can be crowned King or Queen of Plop.  In this Ocean City style end of summer tradition, children take turns falling onto the sand.  These aren’t ordinary falls, though.  They have been planned and choreographed, all in an effort to be awarded the crown at the end of the competition.  To be King or Queen of Plop would be quite the addition to an “all about me” poster at back to school night.

In summary

With interest rates on the rise again, in addition to increasing list prices, now is the time to get the best price for a beach house in Ocean City, New Jersey.  Imagine putting a beach house under the tree! That would be a holiday season not quickly forgotten.  in summary,  the perfect time to buy is when you're savings are in check and you are emotionally ready for a beach home.  The time of year will always have pros and cons.  Contact Matt Corocry @ 609-374-1388 for any of your real estate questions or needs.

Are you planning on buying an Ocean City New Jersey beachfront home but you're not sure if it will be a smart investment for you to make or not? If so you've come to the right place!

As of September 2017, the median home value in Ocean City NJ is $515,900. Ocean City home values have gone up by more than 8% the past year.  Many real estate analysts, including Zillow, predict home values will continue rising over the next year.

Ocean City New Jersey lifeguards

Ocean City New Jersey has some of the best lifeguards in the entire Northeast. There are 43 beaches protected by the Ocean City beach patrol every summer. This puts a lifeguard tower with two lifeguards on almost every block on the entire barrier island.

Want more reasons to buy a home in this beautiful area? Here are four reasons to consider buying a beachfront home in Ocean City New Jersey.

Reason #1 - Appreciation

The first reason to consider purchasing an Ocean City New Jersey beach home is appreciation. Beach homes typically appreciate faster than homes and other residential areas across the United States because most home buyers like the idea of living near the water. Waterfront properties have often been worth more than double the value of other homes that are near the water. Property values in Ocean City at a medium value of $476,000 in 2016 and increased in 2017 to $515,000. This is over and 8% appreciation in just one year.

Reason #2 - The View

Let's face it, there's nothing better than waking up to the view of the ocean every single morning, and Ocean City New Jersey offers some of the best beach views in America. What's even better is that home prices here are far better than what you would pay for a beach view in other coastal or resort communities in Honolulu Hawaii, California, or Long Island Sound.

Reason #3 - Rental Opportunities

Another Important reason to consider purchasing an Ocean City New Jersey beachfront home is the fact that they are the best and highest producing vacation rentals.  We already talked about how amazing it would be to wake up to an ocean view. Anyone that comes to the Jersey Shore wants to do the same thing, experience a beachfront home. 

Reason #4 – Resale Potential 

Last of all, but most important, one of the top reasons to purchase an Ocean City New Jersey beach home is the resale potential here.

Unlike other communities in the United States that don't offer water-front views or beach access, beachfront homes in the Ocean City New Jersey real estate market don't last for long.  Buyers are hungry to accomplish their goals of purchasing beachfront property, and many times they're often willing to pay a premium for living their dreams. There are only so many beachfront homes which always keeps the supply low.

Search For An Ocean City New Jersey Beachfront Home

Did you know that two decades ago, the median value of waterfront properties in the United States was 64 percent more than the median value of other homes? Fast forward to 2017 and that difference has grown to a whopping 116 percent.

Investing in an Ocean City New Jersey beachfront property can be a wise decision, and there’s never been a better time than right now to invest here.

Contact Keller Williams, Jersey Shore realtor Matthew Corcory (609) 374 1388 call/text or connect with me through email. mjcorcory@gmail.com

Just Listed!

Hurry! Don't miss this rare find!

New Beachblock 3 bd/2ba condo located half a block to the desirable Northend beaches and boardwalk!

Only 4 years old and well-maintained! This condo has an excellent rental history and quality tenants!

826 Pennlyn Ave. 1st floor unit

Gorgeous Kitchen has Granite countertops

and stainless steel appliances!!

Gorgeous Furnishings are Included!!

Plenty of offstreet parking fits up to 4 Vehicles!

3 can fit inside the large garage and 1 on parking pad!

Large outdoor deck!

Call or Text Matthew Corcory, Realtor at 609-374-1388

Keller Williams, Jersey Shore

for more information or to view this property!

Mjcorcory@gmail.com

2609-11 Wesley Ave. Ocean City NJ

Are you looking for beachfront new construction for sale in Ocean City NJ? This Gold Coast beachfront new construction is a must see! The property has 5 bedrooms and 5 and a half bathrooms is the highest quality construction. Only a hop, skip, and jump to the beach and ocean. Phenomenal views from all rooms of the beach. This is one of the nicest homes developed on the island of Ocean City.

The new construction home at 2609-11 Wesley Ave. has sold!

Take a look at all new construction homes in Ocean City