It may hurt but sellers need to bite the bullet and price their homes to the market. They'll sell their home and be able to move on with their lives!
Market View for Wildwood
Avg. Listing Price $332,445 Wk ending Nov 05
Median Sales Price $230,000 Oct '07 - Sep '08
420 Homes For Sale 0 Open Homes
118 Recently Sold 97 Foreclosures
Please contact Michael Nazarow. He is our team member who specializes in Cape May County. I'm sure he can help you and give you some advice on property value trends. He can be reached at 609-204-8646.
Thank you and best wishes,
I expect Rio Grand to drop significantly, like OC it is 50% overvalued. It is off shore so doesn't get vacation buyers, and there is no real economy or jobs to sustain any housing increase.
If you are a buyer, wait, you will be glad you did. If you are a Seller, get WAY below your competition, price is what is selling the few houses right now.
Historical Value Trends
Show as: %
30 days -4.8%
1 year -9.4%
5 years 143.5%