Ocean Gate - This is the real estate report for single-family homes in Ocean Gate for March 2010.

There are 33 months of inventory (months to sell present inventory at present sales rate), 38 active listings with an average list of $284,857 spending an average 107 days on the market.

Throughout the month, there were 12 new listings carrying an average list price of $295,241. The number of new listings for March of last year was 8; however, the average list price was $368,737, indicating a drop in the pricings of new listings over the course of the past year.

Two homes are presently pending with an average list price of $214,950 after 156 days on the market. This is in contrast to last February’s five pending sales with an average list price of $252,133 and 38 days on the market.

There was one sale this March, carrying a list price of $550,000 and a final sale price of $490,000 after spending 49 days on the market. Last March, there was also one sale, with a list price of $166,500 and a final sales price of $151,000 after spending 50 days on the market.

One home is currently under contract with a list price of $199,900 after spending 178 days on the market.

Two homes listed expired after an average of 228 days on the market and holding an average list price of $194,450, as compared to zero home listings expired during the same period last year.