Here’s something to be thankful for this holiday week – the weather. Ocean City is fortunate to be in a temperate zone. Yes, last winter was an exception. Although snow, wind and cold prevailed, there were still magical moments with snowflakes sparkling in the bright sun. This past October presented us with some of the best weather on earth! The sky was that blue you see only once a year, the sun was warm, and it was an ideal time to stroll the beach or boardwalk, have a run or a bike ride around our great town. Thanksgiving week 2011 is calling for a mixed bag of clouds and showers with the sun breaking out on the Holiday itself. Predictions for Black Friday are even better, with warmer temps and sunnier skies. For all the nay-sayers out there who complain about the two or three days of recent rain, or the clouds and cold winds, I say to them “Look at the snow in Minnesota and count your weather blessings this Thanksgiving!”
Tuesday, November 22, 2011
Thursday, November 17, 2011
Ocean City Market Update - November 2011
The 2011 Ocean City Real Estate Market has been much stronger. Ocean City properties sold and settled through October 31st this year in Ocean City are up 20.3% over the same period last year, while the average price per property of $566,918 is up 1.9% over 2010. Total volume of real estate sold and settled for the 10 months ending October 31st, 2011 was over $352 million while in the same period of 2010 only $287 million of real estate sold and settled; an increase of 22% year over year.
The MILLION DOLLAR and above real estate market in Ocean City real estate has also improved with 51 Ocean City properties sold over $1 million through October 31st, 2011; a total volume of over $82,000,000. During the same period in 2010, 36 properties sold for over $1 million with a total volume of just over $60 million.
Currently interest rates remain near all time lows and prices though generally stable are still very attractive. It remains a BUYER'S market and if you want to catch a great time to buy, normally some of the best values are landed between mid November and the end of December. It always seems that once we reach the New Year, owners start thinking about their upcoming summer and frequently are less willing to negotiate and part with their beach home.
For a larger update on Ocean City, NJ visit of November newsletter - http://campaign.r20.constantcontact.com/render?llr=h4uhokgab&v=001A-vrUR0Y61sJ0pef95TJS0Ux9sX-tFTAgEQyljBJG-w3QQxRBUpr_PeV7hBJuSUm812y6xkvtZ3hwp2_BIlFQcu_in19IMQauPR5eMIvrLo%3D
Sincerely,
Burton F. Wilkins
Broker/Owner
Tuesday, November 15, 2011
1308 Pleasure Avenue - Broker's Open House
Stop by a Broker's Open House at 1308 Pleasure Avenue in Ocean City, NJ tomorrow for lunch from 12 to 2pm. This open bay front home is designer furnished with many upgrades. Sponsered by The Wilkins Team, The Tile Company of Jersey and Goldcoast Sotheby's International Realty. 1308 Pleasure Ave. - Broker Open
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