What $1M will buy you at the Jersey Shore
At the Jersey Shore, where real estate is at a premium, the price range for first-time, second home buyers is now $800,000 to $1.2 million.
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What will $1M buy you at the NJ shore in 2023? (You might be surprised)
“Our average price has gone through the roof the past three to four years,” said Peter Madden of Goldcoast Sotheby’s International Realty.
In Ocean City, where Madden works, $1 million will typically buy you a three- to four-bedroom condo that was built in 2005 or earlier. The average price of the same home in Ocean City was about $625,000 four years ago, he said.