I am not sure a realtor would give an accurate picture of the real estate market on the island of Wildwood but facts do not lie. With over 800 units island-wide that are either distressed or bank owned, there is a large supply of units still for sale. This also does not include units for sale that are listed by agents and owners. My street alone in NW has a few condos that have been owned by banks longer than individuals since they were built in 2008. Vacation resorts are currently the last place one would spend $400,000+ on a secondary home, according to economists. Supply and demand rules.