Fed Funds Rate Remains at 0-0.25% Fabuous time to invest in real estateor refinance your existing property. With Covid 19 hitting us hard in 2020 manyhomeowners realize that their existing
Real Estate Market Look at Somers Point, NJ By REALTOR® Gary Simmens 03-24-2020
Somers Point, NJ--Known for its annual popular Bayfest in the spring season,(which is cancelled this year because of public safety concerns of the corona virus pandemic), bayfront dining and beach concerts in the summer, the city of Somers Point is surrounded by Ocean City, Egg Harbor township and Linwood, NJ.
It has been an increasing choice of second home buyers, especially those who want to enjoy the boardwalk and beach of nearby Ocean City. Just before the "corona virus pandemic" started very recently, the real estate market was really starting to heat up, with multiple offers going on and homes moving quicker compared to last spring which was the best in over 10 years for sellers. The median sales price of homes has gone up 11.5% from 2018 to 2019 year for single family homes, and days on the market have gone down 29.6% for much faster sales. The condo townhouse segment saw a nice 37.1 % jump in much shorter marketing time and less days on the market. The most expensive single family home to sell last year sold for $1.1 million. The 3400 square foot luxury home had 5 Bedrooms and 3.5 baths on the water in the Anchorage Point area, along with a 50 foot boat slip.
Licensed since 18 years young, and a broker honors in NJ since his early 20`s, Gary has now, over 44 years experience, diversified in all aspects in real estate, including owning two offices and ma....
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We are breaking records in our hard working KW office with 153 settlements done and closed for July 2020,---Despite Covid 19 setbacks, our Atlantic Shore Office usually sees a drop off in July