Real Estate Appreciation for Ocean City, New Jersey: +233.38%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Ocean City, New Jersey did compared to the state as a whole.
The Ocean City, New Jersey MSA property value change was +233.38% (+ 19.45% yearly).
All of the property in NJ averaged +154.28% change in value (+ 12.86% yearly).
Ocean-City-NJ
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Ocean-City-NJ here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New Jersey, you can do some research at Spec-Loan.com.
If you were going to do a Cape May Court House, New Jersey Refinance, or Cape May Court House, New Jersey Reverse Mortgages, you could estimate your home value.
If you knew your Cape May Court House, New Jersey home was worth $101,000.00 in 1995, you could multiply by +233.38%, add the gain and see the home should be worth $336,713.80 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Ocean-City-NJ from 1995 to 2006:
+ 19.45%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 2006 were Salinas-CA, Riverside-San-Bernardino-Ontario-CA, Ocean-City-NJ, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, and Oxnard-Thousand-Oaks-Ventura-CA .
- Salinas-CA increased +252.85% from 1995 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +235.41% from 1995 to the end of 2006
- Ocean-City-NJ increased +233.38% from 1995 to the end of 2006
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +229.46% from 1995 to the end of 2006
- Oxnard-Thousand-Oaks-Ventura-CA increased +221.92% from 1995 to the end of 2006
Zip Code in MSA: 8210 - CAPE MAY COURT HOUSE, NJ
MSA Pop: 101845Zip Pop: 14498
Avg Value: 129100
County: CAPE MAY
Elev: 19
Region: Northeast
Lat: 39.11928
Long: -74.82582