Forty-seven homes sold in Ocean Shores in the third quarter. The lowest price home was $50,199.00 and the most expensive was $299,000.00. The median price was $145,900.00. Third quarter 2011 showed an 11% improvement in the number of closed home sales over third quarter of 2010 when only 42 homes sold. However, overall prices during the third quarter of this year were slightly lower. The highest priced home sale in third quarter 2010 was $432,000.00, the lowest $55,000.00 and the median price was $182,479.00, nearly $40,000.00 higher than the median for the third quarter 2011. Five homes sold for over $299,000.00 in during the third quarter of 2010, which partially explains the higher median price.
Lot sales during the third quarter 2011 declined significantly from the third quarter of 2010. Only 42 lots sold during the third quarter of this year versus 54 lot closings during the third quarter of 2010. Overall lot prices were also lower in the third quarter of 2011. The highest price lot sale in third quarter 2011 was $127,000.00, the lowest $6,000.00 and the median price was $28,346.00. In third quarter 2010, the highest price lot sale was $86,000.00, the lowest $8,000.00, and the median price was $30,833.00.
This year lower prices overall for both homes and lots are providing excellent buying opportunities. It’s a great time for anyone considering a piece of beach real estate to pick up an excellent deal on either a home or a lot. Contact Renata at Renata@OceanShoresNow.com for the most up to date prices and offerings, and get in on the great real estate deals that Ocean Shores has to offer. You won’t be sorry buying a piece of beach real estate, especially at the current prices.
No comments:
Post a Comment