Jersey Shore Real Estate Sales Statistics – June 2009

Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®.

Lawrence Yun, NAR chief economist, is hopeful about the gain. “The increase in existing-home sales occurred in all major regions of the country,” he said. “We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions. Despite the rise in closed transactions, many Realtors® are reporting lost sales as a result of new appraisal standards that went into effect May 1 of this year.”

Take a look at June 2009 Jersey Shore real estate sales statistics compared to June 2008 for Bradley Beach, Avon-By-The-Sea, and Belmar:

Bradley Beach Real Estate

Homes Sold May 2008: 3
Average Sales Price: $590,000
Average Days On Market: 35

Homes Sold May 2009: 2
Average Sales Price: $282,500
Average Days On market: 72

Avon-By-The-Sea Real Estate

Homes Sold June 2008: 0
Average Sales Price: 0
Average Days Oo Market: 0

Homes Sold May 2009: 0
Average Sales Price: 0
Average Days On Market: 0

Belmar Real Estate

Homes Sold May 2008: 3
Average Sales Price: $610,000
Average Days ON Market: 104

Homes Sold May 2009: 9
Average Sales Price: $826,777 
Average Days On Market: 92

Although no single family homes sold in Avon-By-the Sea in June and Bradley Beach sales declined, sales tripled in Belmar while market times decreased.

Wouldn’t you like to summer in your own Jersey Shore home? It’s not too late to take advantage of moderate prices. If you are thinking year-round rather than vacation home, you can use your $8,000 tax credit towards closing costs. Visit Patrick to learn how.


About Patrick Parker Realty

Patrick Parker Realty, an independent boutique brokerage located in the heart of Bradley Beach is your local market leader. We understand the demands of a changing real estate market and avail ourselves of the latest industry information and tools to ensure excellent results. Our Commitment to You Our seasoned Real Estate Agents are committed to providing all of our clients, from first time sellers to veteran real estate investors, quality and friendly service. We walk you through every step of the sale process offering the guidance, feedback, and expertise needed to ensure your complete satisfaction.
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