Brian Witiw, Other/Just Looking in 08012

Are sales in North Cape May picking up.?

Asked by Brian Witiw, 08012 Thu May 6, 2010

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3
Their may have been more sales then usual because a few people wanted to get the first time home buyer tax credit which just expired in april, they do have until june to close on the house though, so from now until then the number will be skewed. Lets hope the goverment stops interferring with the real estate market now so that it may return to normal.
Web Reference: http://www.sjrates.com
1 vote Thank Flag Link Fri May 7, 2010
Yes
Sales are picking up in N Cape May. It is a really nice place to live. Since the begining of the year 16 properties have sold. If you woukd like any info. or would like to see anything, please let me know.
Thank you
Nick Pappas and Janet Bocchi
609 334 4331
0 votes Thank Flag Link Fri May 7, 2010
No
Sales are flat. The low end homes are selling, the majority of listings are 40-50% over-priced. Prices will be dropping for several years, and the next 6 months are a particularly bad time to buy. The numbers don't lie, those cute 2-3 bedroom cottages are only worth $120k, and will get back to their true worth.

http://robertoaribas.wordpress.com/

Go here to see what has sold:
http://www.capemaycountyherald.com/realestate

Go here to see previous sale prices and taxes:
http://209.204.84.120/ALIS/WW400R.PGM

Go here to see the Sheriffs sale:
http://www.cmcsheriff.net/auctions.htm
0 votes Thank Flag Link Thu May 6, 2010
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