They say, "Once you get sand in your shoes, it's tough to get it out!"
Rick Spackman
Fredric (Rick) Spackman, has been a licensed real estate professional for over 20 years and holds the following State of New Jersey licenses, licensed real estate agent; 1989, state certified real estate appraiser; 1992 and a licensed builder since 2002. Rick is very capable of guiding you through the purchase process as well as assessing the level of risk associated with the transaction. Any real estate agent can sell you a home, but how many can offer you advice on every aspect of purchase and give you insight of real market values from a certified appraisers point of view. His background in appraising and building can assist both a Buyer’s and Seller’s in advising strategies that can improve future marketability and increase future value.
As a certified appraiser, local and regional lending institutions have retained my services for over 20 years, and they have valued my opinion in order to protect their collateral. I will utilize the same methodology in estimating value for a property of interest for you. My longstanding appraisal practice is a credit to my integrity, understanding and knowledge of the marketplace.
Rick lives in Cape May City with his wife Elisabeth and their two sons Arthur and George.
In other words, Rick Spackman is your ONE STOP REAL ESTATE SHOP! Whether your looking to purchase a home, have a modular home built or need an apprasial, Rick Spackman is the real estate professional you're looking for.
Market Trend
Below is a comparison between January - May 2011 and January - May 2012 in specific Areas. Please be sure to check back monthly to see more market trends. If there is any information about real estate that you are interested in please send me an email at: rick@rickspackman.com.
Cape May:
Is seeing a slight improvement in 2012 as compared to the same time in 2011.
January - May 2011: 25 properties were sold with sellers receiving 95% of the asking price.
January - May 2012: 24 properties were sold with sellers receiving 90% of the asking price.
Avalon:
Is experiencing similar pricing issues as Stone Harbor with the exception that listing are more competetvily prices as evidence of the tighter list price to sale price ratios Stone Harbor experiences.
January - May 2011: 30 properties were sold with sellers receiving 93% of the asking price.
January - May 2012: 45 properties were sold with sellers receiving 92% of the asking price.
North Wildwood:
in all aspects North Wildwood seems to be recovering the best of all the shore communities analyzed with better sales volume up over 10% and a 7.5% increase in sale prices.
January - May 2011: 48 properties were sold with sellers receiving 93.7% of the asking price.
January - May 2012: 47 properties were sold with sellers receiving 94% of the asking price.
Wildwood:
More properties sold in 2011 during this time period as compared to 2012 and it appears that most properties are competively prices, however these numbers could be skewed since most of the distressed and bank owned properties in Cape May county are in Wildwood, they could be listed for a quick which is way the days on market are less than 60 days.
January - May 2011: 43 properties were sold with sellers receiving 93% of the asking price.
January - May 2012: 56 properties were sold with sellers receiving 91% of the asking price.
Wildwood Crest:
sales volume has dropped dramatically in 2012 as compared to the same time in 2011 with a slight increase in sale prices. The sudden drop in sale volume could be a sign that much of the distress inventory is getting absorbed
January - May 2011: 40 properties were sold with sellers receiving 91% of the asking price.
January - May 2012: 32 properties were sold with sellers receiving 92% of the asking price.
Sea Isle City: In comparision to last year during this time period property list price and sales has been declining at a consistent 5.2% from the prior year. However, sales volume has increased this year in comparison to last year.
January - May 2011: 70 properties were sold with sellers receiving 94% of the asking price.
January - May 2012: 75 properties were sold with sellers receiving 94% of the asking price.
Stone Harbor:
Values are down over 10% the 1st and 2nd quarters of 2012 versus the 2012. Based on this analysis listings are getting 15% off thier list price.
January - May 2011: 11 properties were sold with sellers receiving 87% of the asking price.
January - May 2012: 15 properties were sold with sellers receiving 85% of the asking price.
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