202 Single Family, 237 Condos

7 Single Family, 7 Condo

5 Single Family, 14* Condos

2 Single Family, 3 Condos

0 Single Family, 0 Condos

406 Single Family, 263 Condos

24 Single Family , 18 Condos

33*** Single Family, 15* Condos

3 Single Family, 0 Condos

1 Single Family, 0 Condos

*Of the 14 pending condo sales in Bethany/Fenwick, 7 sales were for Blue Surf Condominiums.

**Of the 15 pending condo sales in the Ocean View area, 5 sales were for Millville By The Sea.

***Of the 33 pending single family sales in the Ocean View area, 5 sales were for Millville By The Sea, 3 sales were for The Refuge at Dirickson Creek, 3 sales were for The Inlet at Pine Grove, and 2 were for the Hamlet at Dirickson Creek.

Showings On Our Listings: 26
Numbers do not include new construction communities.

As you can see by the number of settlements this past week, the low number is reflective of the quiet December we had. And based on currently pending sales, buyers still do not have the confidence to purchase. New home construction is still having an impact on the resale market. The lower interest rates are helping owners refinance their primary homes but the lower rates have not stimulated the vacation home market. We have received numerous ridiculously low offers on some listing which went nowhere. Perhaps after the Super Bowl, better weather and the passage of the government's stimulus package we will see some activity.

Attached is a pertinent article for your review.

Please call me at any time to address your concerns or questions. I hope you will find the information helpful.

News Article.