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Tuesday, February 24, 2009

Avalon Sales Activity for the Weeks of February 8 to February 22, 2009


Avalon Sales Activity for the Weeks of February 8 to February 22, 2009


Understanding the general direction of the current market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Stone Harbor or Avalon. Here is a summary of the Avalon Real Estate Market Activity.

There are currently 209 single family homes for sale in Avalon ranging in price from $549,000 for a two bedroom home at 667 22nd street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street.

In the two week period February 8 to February 22,2009, three properties went Under Contract.
246 44th street,a 4 bedroom,3 bath home listed for $1,250,000.Goes to settlement 4/25/2009.Was on the market 38 days

118 22nd street,a brand new 5 bedroom,5 bath home listed for $1,695,000 goes to settlement on 4/24/2009.Was on the market 118 days

74 West 11th street, a 5 bedroom,5 bath home listed for $1,750,000 goes to settlement 4/21/2009.This was on market 17 days

Condo/Townhouse Avalon
There are now 147 condo/townhouses for sale in Avalon ranging in price from $185,000 for an efficiency unit at 7900 Dune Drive,up to $2,200,000 for a beach front,4 bedroom,3 bath unit at 65 east 28th street

One townhouse is Under Contract at 502 20th street. This 4 bedroom,4 bath unit is listed for $719,000 and goes to settlement 3/7/2009. This has been on market 528 days.



Three condo units have Sold and Settled.
Two units at 7929 Dune Drive .One Sold for $340,000,and one sold for $353,140.

300 79th street ,a 3 bedroom,2 bath unit listed for $630,000,Sold for $550,000 on 2/18/2009 after 86 days on the market.

The data for this market report is based on statistics provided from the Cape May County MLS (private sales are not included)

Buying or Selling a home in Stone Harbor or Avalon, or if you need a Summer Rental, it would be my pleasure to help you with your Real Estate needs.

e~mail me at Nancy@NancyMAlexander or Call me! I love to talk Real Estate! Call my cell 609.425.7521 o

Please visit The Address For Luxury Real Estate at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor