Cape May County Real Estate

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Low mortgage interest rates are for people who have a fifth of the home’s cost in cash and a great credit score

Friday, February 3rd, 2012 at 10:27am. 29 Views, 0 Comments.

Posted: Sunday, January 29, 2012

By DEREK HARPER Staff Writer press of Atlantic City0 comments

Homeowners or people looking to buy a house have the chance to take advantage of some of the lowest mortgage rates in history.

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But because of the different factors that banks and other lending institutions take into consideration, these rates may be out of reach to many people.

 

The mortgage giant Freddie Mac said Thursday the average rate on the typical 30-year fixed-rate mortgage was 3.98 percent, down from 4.74 percent a year ago.

 

Fifteen-year fixed rate mortgages averaged 3.24 percent, down from 4.05 percent the previous year.

 

The rates may be having an effect on the overall housing market. The National Association of Realtors…

Sea Isle City, NJ plans budget with no tax increase

Friday, February 3rd, 2012 at 9:57am. 34 Views, 0 Comments.

Posted: Thursday, February 2, 2012 5:15 pm

By MICHAEL MILLER, Press of Atlantic City0 comments

SEA ISLE CITY - City Council will vote next month on a $24 million budget that will not raise the local tax rate for the third year in a row.

 

The city is levying $14.2 million of its budget from taxpayers, up about $100,000 from the previous year.

 

The budget anticipates collecting about $40,000 more in beach-tag sales than last year's budget after visitors and residents paid $1.2 million in 2011.

 

Sea Isle anticipates a surplus of $1.4 million, or about $300,000 more than in 2011.

The city was the first municipality in Cape May County to introduce its 2012 budget last month. A public hearing is scheduled for March 13.

 

CRDA approved Atlantic City Tourism District Master Plan

Thursday, February 2nd, 2012 at 11:29am. 35 Views, 0 Comments.

Atlantic City's newly approved Tourism District Master Plan

ATLANTIC CITY — After a decades-long absence, the internationally known diving horse act will return to the Steel Pier this summer as part of an overhaul approved for a Casino Reinvestment Development Authority loan Wednesday by the agency’s board — moments after the Tourism District Master Plan was adopted.

The CRDA’s $6 million contribution to the $20 million first phase of the Steel Pier improvement project is a prime example of what the Master Plan is intended to help accomplish in Atlantic City: economic recovery and realized potential by playing up — and improving on — its existing attributes and using government support to leverage private investment in the city.

“The…

January Morning 2012 in Sea Isle City

Sunday, January 8th, 2012 at 7:48pm. 59 Views, 0 Comments.

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2011 Sea Isle City House Lighting Contest

Wednesday, November 23rd, 2011 at 10:48am. 61 Views, 0 Comments.

If you are interested in entering the SIC House Lighting Contest entries have to be in by December 6th.  You can download the entry form or it is available from the town's website, seaislecitynj.us. 

Sea Isle City Video Market Report - October 2011

Tuesday, November 1st, 2011 at 9:16am. 62 Views, 0 Comments.

Here local Sea Isle City Realtor Ian Lazarus describes the real estate market in Sea Isle City.

 

Avalon, NJ - 3rd Quarter Sold Condo and Townhomes

Wednesday, October 26th, 2011 at 11:54am. 68 Views, 0 Comments.

Avalon, New Jersey 3rd Quarter sold condos & townhomes.

 

avalon_sold_condos_&townhomes_year-to-third-quarter-price 

 

2011 Ocean City Welcome Night

Wednesday, October 26th, 2011 at 9:36am. 54 Views, 0 Comments.

Like every year it should be plenty of fun for the whole family. 

 

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Avalon, NJ - 3rd Quarter Sold Homes Market Report

Wednesday, October 26th, 2011 at 9:17am. 100 Views, 0 Comments.

Below we compiled a few graphs of sold home data for Avalon, New Jersey from January 1st to September 30th. The information came from the Cape May County MLS.  We continue to find a large number of Avalon homes over the $1,000,000 price range.  

 

 

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avalon_nj_sold_single_family_year-to-third-quarter-bed_400 

 

Sea Isle City 3rd Quarter Market Report

Tuesday, October 25th, 2011 at 10:55am. 123 Views, 0 Comments.

Here are some excellent Sea Isle City charts showing sold homes from January 1 to September 31. The highest number of Sea Isle City sold home were in the $500,000 - $600,000 and 4 bedrooms. 

 

 

sic_sold_townhomes_by_price_year-to-third-quarter_cape_may_mls

 

sic_sold_townhomes_by_block_year-to-third-quarter_cape_may_county_mls 

 sic_sold_by_bedroom_year-to-third-quarter_cape_may_county_mls_data

 

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