I'm Sure you have all seen the decade challenge popping up in your newsfeed, everyone from your friends, relatives, and even celebrities are posting their photos from 10 years ago vs. today. It's kind of shocking to look back and see how much you have grown, and changed in the past decade isn't it?
Now think about this, Can you imagine how much change happens in 10 years? Let's take a look at Ocean City, NJ 2009 vs. Today....
Over the past 10 years we have seen one of worse economic recessions in our country's history, the completion of the new 9th street bridge and causeway, hurricane super storm Sandy, new business openings, vacation rentals by owner, social media taking over, Ocean City as Americas number one family resort, Ocean City as America's happiest coastal town, and rebirth of new construction and the housing market!
How Has The Population Changed?
2009
2019
Take a look back at how the Official OCNJ Vacation Video has changed over the years...
2009
2019
Just the increase in video quality over the past 10 years is amazing!
In the 2009 Top 10 Beaches Contest, Ocean City ranked first!
In The News
How Has the Housing Market Changed?
You can see from the Information below that in the last decade the properties sold in OCNJ has almost doubled, and the days these homes have been on the market has dramatically decreased.
2009
551 properties sold
140 average days on the market
2019 YTD
941 properties sold
83 average days on the market
WOW! Almost twice as many properties have sold in 2019 in half the time compared to 2009! See a list of all recently sold properties here.
The National Association of Realtors looks back at the US Real Estate Market Trends
Since 2009 the average home buyer age has increased from 39 years old to 47 years old... Your average buyer is getting older!
In 2009 36% of home buyers reported the internet as where they found the home they purchased... in 2019 that number has grown to 52%.
Mortgage Interest Rates
2009
5.04%
2019 YTD
4.01%
2019 is still seeing the some of the lowest mortgage interest rates in history!