Saturday, April 30, 2016

8527 Third Avenue Stone Harbor, NJ 08247 Stone Harbor, NJ 08247

Property Site: http://tour.circlepix.com/home/AFMSWJ
BAY FRONT, ADORABLE AND AFFORDABLE! Swim in the bay! No Boat slip but water access. Breathtaking Views! New kitchen. Views views and more views! Enjoy this bay side location with magnificent bay and sunset views from the privacy of 1st and 2nd floor waterside decks. The entire family will love to swim, fish, crab and Kayak right from the convenience of your backyard. The shops of 96th street, movies, and restaurants are just a short walk or bike ride away. Adorable cottage just 3 blocks from a great beach. This 3 bedroom, 2 bath cottage has brand new first floor kitchen with granite countertops. Spacious dining area overlooking the bay, views to die for! New central air. Enjoy incredible sunsets from the deck off the dining area or from up on the second floor deck off the bedroom. 6 beach tags are provided, Internet access too! Beach accessories (6 beach chairs & umbrella) are provided and there is an outdoor shower. Departure cleaning is also included in your rental. There is off-street parking for 2 cars in the driveway beside the house. Master bedroom has queen bed. Second 2nd floor bedroom has set of twin beds plus a full bed, and downstairs bedroom has a full size bed. A short 5-minute drive to the Cape May County Zoo in Cape May Court House. Wetlands Institute is just a short drive away, and it is a fun day for the kids. Lots of restaurants nearby. Stone Harbor is a safe, family friendly shore town. You will love this charming home and want to return again soon. This is the perfect family vacation spot! Accommodates 8 guests. No boat slip.
Bedrooms: 3
Bathrooms: 2.00

For more information about this property, please contact Nancy Alexander at 609-967-3001 or nancy@nancymalexander.com. You can also text 3559606 to 67299.


See more listings at: http://nancyalexander.com


MLS ID: 27398

Mortgage Rates Rise Higher but Still Remain Low


RISMEDIA, Friday, April 29, 2016— Average fixed mortgage rates are inching up, but remain well below 4 percent as we head into the heart of the spring homebuying season, according to recently released data from Freddie Mac.

"Treasury yields marched higher this week,” says Sean Becketti, chief economist, Freddie Mac. “As a result, the 30-year mortgage rate jumped 7 basis points to 3.66 percent. The Federal Reserve's decision to leave the Federal funds rate unchanged triggered a 9 basis point drop in the 10-year Treasury yield on Wednesday, however the drop occurred too late to impact this week's survey."

The 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.6 point for the week ending April 28, 2016, up from last week when it averaged 3.59 percent. A year ago at this time, the 30-year FRM averaged 3.68 percent.

The 15-year FRM this week averaged 2.89 percent with an average 0.6 point, up from last week when it averaged 2.85 percent. A year ago at this time, the 15-year FRM averaged 2.94 percent.

Results show that the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.86 percent this week with an average 0.5 point, up from last week when it averaged 2.81 percent. A year ago, the 5-year ARM averaged 2.85 percent.

For more information, visit www.freddiemac.com
Article Source: http://rismedia.com/rrein/22955/1056351/38466669/86615?utm_source=newsletter&utm_medium=email

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Friday, April 29, 2016

Buying with Cash Brings Huge Discount, RealtyTrac Report Shows


RISMEDIA, Friday, April 29, 2016— All-cash buyers of single family homes and condos nationwide paid 23 percent less per square foot than all homebuyers, but that cash buyers in 9 percent of local housing markets paid a premium price per square foot. These data come from the recently released RealtyTrac® Q1 2016 U.S. Cash & Institutional Investor Housing Market Report.

Nationwide all-cash buyers purchased single family homes and condos for a median $91 a square foot in the first quarter of 2016, a discount of 23 percent below the median $118 per square foot for all home purchases.

“While large institutional investors and other cash buyers continue to shrink as a share of U.S. home sales, these buyers still typically beat out traditional buyers using financing — in some cases even when they submit a lower offer for a home,” says Daren Blomquist, senior vice president at RealtyTrac. “Additionally cash buyers are often willing to take on properties in poor condition that may not readily qualify for standard financing, another reason why cash purchases normally sell at a lower price per square foot.

“Markets where we see the opposite — with cash buyers actually paying a premium price per square foot — could be in danger of overheating,” Blomquist adds. “In most markets, cash buyers act as an anchor for home values, but in these exceptions to the rule, cash buyers are acting as an oversized sail, catching more wind and pushing home price appreciation to a potentially precarious pace.”

Markets with Biggest Cash Buyer Discounts

Among 99 metropolitan statistical areas with at least 1,000 single family home and condo sales in the first quarter of 2016 — and with sufficient home price and loan data collected from public records by RealtyTrac—those where cash buyers realized the biggest discounts were Baltimore (58.2 percent discount); Harrisburg, Pennsylvania (52.0 percent discount); Akron, Ohio (50.2 percent discount); Birmingham, Alabama (49.3 percent discount); and Columbia, South Carolina (48.3 percent discount).

Other markets with cash buyer discounts ranking in the top 10 highest in the first quarter of 2016 included Cleveland, Ohio (47.4 percent discount) and Memphis, Tennessee (43.7 percent discount).

Markets Where Cash Buyers Paid a Premium

All-cash homebuyers in the first quarter paid a premium price per square foot in nine of the 99 metro areas analyzed (9 percent), led by Honolulu (6.6 percent premium); Seattle (5.2 percent premium); San Francisco (4.8 percent premium); Naples, Fla. (3.9 percent premium); and San Diego (2.5 percent premium).

Other markets where cash buyers paid a premium per square foot for homes purchased in the first quarter were San Jose, Calif. (2.2 percent premium); Los Angeles (2.2 percent premium); Cape Coral-Fort Myers, Fla. (1.5 percent premium); and Oxnard-Thousand Oaks-Ventura, Calif. (0.2 percent premium).

While cash buyers still realized a 14.2 percent discount in the greater New York metro areas, buyers in New York County (Manhattan) paid a 5.0 percent premium price per square foot.

The 9 percent of markets where cash buyers paid a premium in the first quarter of 2016 is up from 5 percent of markets where cash buyers paid a premium in the first quarter of 2015.

Institutional Investor Share Down Annually for 11th Consecutive Quarter

Institutional investors — entities that purchase at least 10 single family homes and condos in a calendar year — accounted for 2.6 percent of all single family home and condo sales in the first quarter, down from 4.0 percent in the previous quarter and down from 3.4 percent a year ago. The year-over-year decrease in the first quarter marked the 11th consecutive quarter where the institutional investor share of sales has decreased on a year-over-year basis.

The share of institutional investor home purchases in the first quarter of 2016 decreased from a year ago in 87 of the 110 metro areas (78 percent), including, among the nation’s 20 largest metro areas, San Francisco (down 64 percent); Seattle (down 57 percent); Riverside-San Bernardino, Calif. (down 57 percent); San Diego (down 52 percent); Los Angeles (down 44 percent); Detroit (down 41 percent); and Dallas (down 38 percent).

Markets with Highest Share of Institutional Investors

Among 110 metro areas with at least 1,000 single family and condo sales in the first quarter, those with the top five highest share of institutional investor purchases were Birmingham, Ala. (9.9 percent); Augusta, Ga.(7.4 percent); Memphis, Tenn. (7.0 percent); York-Hanover, Penn. (6.9 percent); and Atlanta (6.7 percent).

Metro areas with the biggest year-over-year increase in share of institutional investor purchases in the first quarter were Birmingham, Ala. (up 582 percent); Knoxville, Tenn. (up 98 percent); Crestview-Fort Walton Beach, Fla. (up 94 percent); Pittsburgh, Penn. (up 85 percent); and Albuquerque, N.M. (up 84 percent).

For more information, visit www.realtytrac.com   
Article Source: http://rismedia.com/rrein/22955/1056351/38466669/86616?utm_source=newsletter&utm_medium=email 

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Wednesday, April 27, 2016

Upcoming Events, Beach Sweeps this Saturday April 30th!

SOMETHING FOR EVERYONE:  There’s something for every budget in our local real estate market!  While multi-million dollar oceanfront and bayfront homes make headlines, even a modest budget will buy you a getaway condo with a great rental history!

BEACH SWEEPS will be held at 72 locations along the Jersey Shore on Saturday, April 30th, including Avalon, Stone Harbor, and Sea Isle City.  Volunteers are always needed to help collect trash from the beach; for more information or to register please visit www.cleanoceanaction.org.



 Commercial fishing boats line the docks in Cape May Harbor on an April evening.

THE STONE HARBOR BIRD SANCTUARY has seen the return of migratory birds including Black Crown and Yellow Crown Night Herons.  Various paths in and around the sanctuary provide amazing views of wildlife and the maritime forest.   For more on the sanctuary, the visitor paths, and scheduled tours, visit www.StoneHarborBirdSanctuary.com


THE CAPE MAY-LEWES FERRY welcomed the return of the MV New Jersey last weekend after dry-dock work took her out of service for unscheduled repairs to her hull.  With the New Jersey back in service there are as many as seven daily departures from Cape May, up from just four when the New Jersey was unavailable.  The MV Delaware is expected to return to the fleet in mid-May after a scheduled engine replacement, bringing the ferry fleet back to full strength with three vessels.

 YANK MARINE, a boatyard in nearby Tuckahoe, will appear in a National Geographic TV series titled “The Yard.”  The series premiered last week, and Yank is likely to appear in a May episode.  The boatyard, founded by John Yank fifty years ago, repairs and maintains commercial vessels from all over the northeast region, including  ferries, police, and Coast Guard boats.   Yank Marine has recently repaired NY Waterway ferries, as well as the AJ Meerwald, New Jersey’s official tall ship.


 UPCOMING EVENTS: View/Print List here --> Spring 2016 Upcoming Events

Avalon Garden Club Arbor Day Tree Planting, 18th & Dune Drive, 10:30AM, Friday, April 29

Stone Harbor Arbor Day Celebration & Tree Planting, Stone Harbor Elementary School, 1:30PM, Friday, April 29

Stone Harbor & Avalon Beach Sweeps, volunteers needed for beach clean-up, meet at Stone Harbor’s 96th Street beach entrance or area near Uncle Bill’s Pancake House at 3189 Dune Drive in Avalon at 9AM, 9AM-12:30PM, Saturday, April 30

Exchange Club of Ocean City’s Roger LaRosa Charity Golf Classic benefiting children, community & country, register at 609-412-9607, for sponsorships call 609-517-6035, Linwood Country Club, registration & lunch at 11:30AM, Monday, May 2

Avalon Historical Society Annual Photo Contest, Monday, May 2-Tuesday, May 31

Brendan Borek 11th Annual Golf Tournament, register or donate by visiting www.brendansfund.org, Stone Harbor Golf Club, Noon, Friday, May 6

Avalon Wine & Spirits Festival, more than 200 wines, flavored vodkas, scotch, bourbon, passed hors d’oeuvres from local restaurants, silent auction, tickets available at the Avalon Chamber of Commerce or Fred’s Liquor Stores – Avalon & Stone Harbor, 6:30-9PM, Friday, May 6

Avalon Boro Wide Yard Sale, pick up map at Avalon Community Hall at 8AM, yard sale begins at 9AM, Saturday, May 7

Garden Club of Stone Harbor’s Plant & Bake Sale, Water Works area at 96th & Second Avenue, 8AM-2PM, Saturday, May 7

Avalon Volunteer Fire Department Plant & Hoagie Sale, Avalon Fire House, 9AM, Saturday, May 7

Avalon Community Paper Shredding Day, free shredding for Avalon residents & property owners, Avalon Public Works at 14th & Dune Drive, 9AM-2PM, Saturday, May 7

IPad Workshop, register at 609-967-7155, Avalon Public Library, 10AM-Noon, Saturday May 7

Stone Harbor’s Spring Tide Festival, music, beer & wine garden, food, games, kids’ activities, more, 96th Street between 2nd & 3rd, 11AM-6PM, Saturday, May 7th

Avalon Police Department Bicycle Auction, Avalon Public Works Building, Noon, Saturday, May 7

Avalon Bulk Pick-up, items to curb prior to pick-up on Monday, May 9

Cape May County Senior Jamboree, Avalon Community Hall, 10AM-2PM, Thursday, May 12

Avalon Garden Club Plant Sale, Avalon Community Hall, Noon-4PM on Friday, May 13 & 9AM-4PM on Saturday, May 14

Stone Harbor Garden Club Community Yard Sale, 96th Street Parking Lot, 8AM-2PM, Saturday, May 14

Avalon Home & Land Owners Association Meeting, Police Chief William McCormack & Fire Chief Edward Dean will address Public Safety issues, Avalon Senior Center, 10AM, Saturday, May 14

IPhones Workshop, register at 609-967-7155, Avalon Public Library, 10AM-Noon, Saturday, May 14

Cape May Traditional Jazz Society presents the Ben Mauger Vintage Jazz Band, proceeds benefit the Food Bank of Southern NJ, VFW Post #386, 419 Congress Street, Cape May, 2-4PM, Sunday, May 15


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Tuesday, April 26, 2016

Homes with These Features Sell Up to 13 Percent More and 60 Days Faster

RISMEDIA, Monday, April 25, 2016— Why do some homes sell for a premium? In addition to timing, a home's listing description can have a significant impact on its final sale price. Listings mentioning keywords like "barn door," "shaker cabinets" or "subway tiles," sell faster and for up to 13 percent more than expected, according to a Zillow Digs® analysis.

Zillow Digs analyzed listing descriptions from over 2 million homes nationwide sold between January 2014 and March 2016 to see how certain keywords referring to home features, amenities and design styles impacted their sale price.

Of the 60 keywords analyzed, listings mentioning "barn doors," a rustic sliding door often used on bedroom closets and kitchen pantries, saw the highest sale premium (13 percent above expected values). Other common craftsman-style keywords like "farmhouse sink" were also found in top-performing listings. Furthermore, homes described as "craftsman" performed better than any other design style analyzed. While people may think the rustic mason jar-vibe is out, it is still very popular with today's buyers. 

"When it comes to real estate listing descriptions – words matter," says Dr. Svenja Gudell, Zillow chief economist. "Your listing description is an opportunity to highlight specific details and finishes that might not be visible in photos. Craftsman-style homes and amenities resonate incredibly well with today's buyers – so if you've got them, flaunt them! Meanwhile, not only are subway tiles and shaker cabinets popular with home buyers, they may also signal that the home has other desirable features like an open floor plan or a well-appointed kitchen."

Understanding what's popular among buyers can also help homeowners who are considering remodeling. For example, listings descriptions that included "new carpets" had no effect on the home's sale price, but listings mentioning "hardwood floors" sold for two percent more than expected. While everyone has different preferences, when it's time to sell, a listing mentioning hardwood floors may be more likely to catch a future buyer's eye.

This report stems from an analysis in the New York Times best-seller, "Zillow Talk: Rewriting the Rules of Real Estate," which looks at how certain listing descriptors like "unique" or "captivating" can impact final sale prices.

For more information, visit www.zillow.com/zillowtalk/ 
Article Source: http://rismedia.com/rrein/22931/1056351/38466669/86407?utm_source=newsletter&utm_medium=email


Beautiful Kitchen with Classic White Shaker Cabinets and Subway Tile.


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Monday, April 25, 2016

Housing Market to Retain Forward Motion, Freddie Says

RISMEDIA, Monday, April 25, 2016— While recent data darkened the growth outlook for the first quarter, April data has experts predicting housing will maintain its momentum in 2016 and be an economic engine of growth. This insight comes from data recently released by Freddie Mac. The report shows that recent declines in mortgage rates have also boosted refinance potential.

"We've revised down our forecast for economic growth to reflect the recent data for the first quarter, but our outlook for the balance of the year remains modestly optimistic for the economy,” says Sean Becketti, Chief Economist, Freddie Mac. “However, we maintain our positive view on housing. In fact, the declines in long-term interest rates that accompanied much of the recent news should increase mortgage market activity, particularly refinance."

Based on new data, first quarter 2016 real GDP growth has been revised down from 1.8 to 1.1 percent.

Expect the labor market to sustain its momentum and the unemployment rate to drop back below 5 percent for 2016 and 2017. Stronger economic growth for the remainder of 2016 and reduced slack in the labor market will drive wage gains above inflation, though the gains are likely to be modest.

Revised the 1-4 family mortgage originations estimate for 2016 up by $50 billion to $1.7 trillion as a result of declining mortgage rates boosting refinance activity.

For the first quarter, the 30-year fixed rate mortgage averaged 3.7 percent. After lowering the forecast for subsequent quarters by a tenth of a percent, expect rates to average 4 percent in 2016.

Forecasting that on average, house prices will rise by 4.8 and 3.5 percent in 2016 and 2017 respectively. Rising home prices will drive up homeowner equity.

For more information, visit www.freddiemac.com.


Article Source: http://rismedia.com/rrein/22931/1056351/38466669/86533?utm_source=newsletter&utm_medium=email


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Friday, April 22, 2016

April/May 2016 Upcoming Events and Activities in Avalon and Stone Harbor NJ

There is so much to do this Spring in Avalon and Stone Harbor!

 
View or Print Upcoming Events List --> April/May 2016 Upcoming Events Stone Harbor, Avalon NJ

Cape May County Zoo Night Walk, after hours tour of the zoo, snacks & drinks provided, 6:30-8:30PM, Friday, April 22
Avalon Garden Club Arbor Day Tree Planting, 18th & Dune Drive, 10:30AM, Friday, April 29
Stone Harbor Arbor Day Celebration, students will offer songs, poems & stories in honor of the day & the Garden Club has donated a tree for planting, Stone Harbor Elementary School, 1:30PM, Friday, April 29
Exchange Club of Ocean City’s Roger LaRosa Charity Golf Classic benefiting children, community & country, register at 609-412-9607, for sponsorships call 609-517-6035, Linwood Country Club, registration & lunch at 11:30AM, Monday, May 2
Avalon Historical Society Annual Photo Contest, Monday, May 2-Tuesday, May 31
Brendan Borek 11th Annual Golf Tournament, register, donate or sponsor by visiting www.brendansfund.org, Stone Harbor Golf Club, Noon, Friday, May 6
Avalon Wine & Spirits Festival, more than 200 wines, flavored vodkas, scotch, bourbon, more, passed hors d’oeuvres from local restaurants, silent auction, tickets available at the Avalon Chamber of Commerce or Fred’s Liquor Stores – Avalon & Stone Harbor, 6:30-9PM, Friday, May 6
Avalon Boro Wide Yard Sale, pick up map at Avalon Community Hall at 8AM, yard sale begins at 9AM, Saturday, May 7
Avalon Volunteer Fire Department Plant & Hoagie Sale, Avalon Fire House, 8AM start for plants, 10AM start for hoagies, Saturday, May 7
Garden Club of Stone Harbor’s Plant & Bake Sale, Water Works area at 96th & Second Avenue, 8AM-2PM, Saturday, May 7
Avalon Community Paper Shredding Day, free shredding for Avalon residents & property owners, Avalon Public Works at 14th & Dune Drive, 9AM-2PM, Saturday, May 7
IPad Workshop, register at 609-967-7155, Avalon Public Library, 10AM-Noon, Saturday May 7
Stone Harbor’s Spring Tide Festival, music, beer & wine garden, food, games, kids’ activities, more, 96th Street between 2nd & 3rd, 11AM-6PM, Saturday, May 7th
Avalon Police Department Bicycle Auction, Avalon Public Works Building, Noon, Saturday, May 7 Avalon Bulk Pick-up, items to curb between April 29 & May 8 for pick-up on Monday, May 9
Cape May County Senior Jamboree, Avalon Community Hall, 10AM-2PM, Thursday, May 12
Avalon Garden Club Plant Sale, Avalon Community Hall, Noon-4PM on Friday, May 13 & 9AM-4PM on Saturday, May 14
Stone Harbor Garden Club Community Yard Sale, 96th Street Parking Lot, 8AM-2PM, Saturday, May 14
IPhones Workshop, popular apps for reading books, magazines & news, register at 609-967-7155, Avalon Public Library, 10AM-Noon, Saturday, May 14
Cape May Traditional Jazz Society presents the Ben Mauger Vintage Jazz Band, proceeds benefit the Food Bank of Southern NJ, VFW Post #386, 419 Congress Street, Cape May, 2-4PM, Sunday, May 15
Stone Harbor Bulk Pick-up, items to curb up to 72 hours prior to pick-up on Monday, May 16
Spring Shorebird & Horseshoe Crab Festival, interactive activities for all ages, Wetlands Institute, 9:30AM-4:30PM, Saturday & Sunday, May 21 & 22
Avalon Garden Club Fashion Show & Luncheon, Avalon Yacht Club, Noon, Wednesday, May 25
Stone Harbor Beach Opening Ceremony, 95th Street Beach, 9:30 AM, Friday, May 27
Cape Regional Auxiliary Antique Show, Avalon Community Hall, Preview Gala on Friday, May 27 at 6PM & antique show on Saturday, May 28

“BACKPASSING” BEACH PROJECT:  Avalon expects to begin a “backpassing” project on its beaches no later than April 27th.  Excess sand accumulated on the beaches from 32nd to 38th Streets will be moved by truck to the borough’s north-end beaches, in order to widen them before the summer season.  Up to 50,000 cubic yards of sand could be moved during the project, which the borough hopes to have completed by Memorial Day.

CATCH US ON TV! A new Long & Foster television campaign is in full swing across the Delaware Valley region.Catch our ad on CNBC, ESPN, Fox News, HGTV, and the Golf Channel, or
simply click here: https://vimeo.com/157306737?lite=1

GO RIDE A BIKE! The Atlantic City Press recently published a list of great places to ride a bicycle while you’re in the area. Among those locations listed were traditional favorites, such as Avalon’s boardwalk between 21st and 32nd Street (bikes allowed 5am to 10am, May through September) and Stone Harbor’s promenade between 80th and 83rd Streets (no restrictions). Sea Isle City’s promenade and the area’s boardwalks all made the list. For an off-island adventure check out the 24-hour Middle Township bike path, which runs from the Cape May County Zoo to Martin Luther King Recreation Center in Whitesboro. Of course, if you are mindful of vehicular traffic, the Dune Drive/Second Avenue bike lane runs the entire length of Seven Mile Island and provides a delightful ride at any time of day.

ATTENTION RENTAL PROPERTY OWNERS! The 2016 summer season is rapidly approaching, and it’s time to put your property in “rental ready” condition! Turn on the outside shower, clean up the yard, perform a thorough spring cleaning, and place the deck furniture outside. Take a few moments to make a to-do list, then make the calls to put things in motion. It’s especially important that your cable TV and WiFi service be turned on and checked, since Comcast no longer has an office in Avalon. Call and set up your service NOW, and avoid problems when tenants check in!



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate