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Tuesday, May 5, 2009

Avalon N.J. Real Estate Sales Activity Report for April 27 to May 5, 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 April 27 to May 5.

There are currently 232 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.

There are Eleven single family homes now Under Contract in Avalon.
742 Sunrise Drive, a 3 bedroom,1 bath home on 46x92’ lot listed for $550,000,goes to settlement 6/30/2009 after only 28 days on the market

246 44th street, a 4 bedroom,3 bath home on a 50x110 lot listed for $1,250,000 goes to settlement 4/25/2009

245 67th street, a 4 bedroom,3 bath home on a 60x110 lot and listed for $1,550,000 goes to settlement 5/6/2009

146 28th street, a 5 bedroom,5 bath home on a 50x110 lot and listed for $1,595,000 and goes to settlement 5/16/2009

568 22nd street, a 5 bedroom,5 bath home on a 50x110 lot and listed for $1,695,000 goes to settlement 10/30/2009

74 W. 11th street, a 5 bedroom,5 bath home on a 50x110 lot and listed for $1,750,000 goes to settlement 4/21/2009

6799 Dune Drive,a 4 bedroom,4 bath home on a 65x110 lot and listed for $1,989,000 goes to settlement 5/29/2009

2888 Ocean Drive,a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement in 2012

693 Sunrise Drive,a 5 bedroom,4 bath home on a 60x130 lot and listed for $2,000,000 goes to settlement 5/14/2009

4618 Fifth Avenue,a 5 bedroom,3 bath home on a 60x155 lot goes to settlement 5/8/2009



Five Single Family Homes SOLD in Avalon April 27 to May 5

118 22nd street, a 5 bedroom,5 bath new home listed for $1,695,000,SOLD 4/29/2009 for $1,675,000 after 202 days on the market

53 W. 15th street, a 5 bedroom,5 bath new home listed for $1,795,000,SOLD 5/2/2009 for $1,725,000 after 204 days on the market

249 64th street, a 4 bedroom,2 bath home on a 60x110 lot which was listed at $1,025,000 SOLD 4/27/09 for $1,100,000 after only 31 days on the market.

314 76th street a 4 bedroom,2 bath home on a 60x110 lot which was listed at $1,125,000 ,SOLD 5/1/2009 for $990,000 after 70 days on the market

3701 Dune Drive,a 6 bedroom, 6 bath home listed for $2,795,000,SOLD 4/30/2009 for $2,275,000 after 210 days on the market.



Condo/Townhouse Avalon

There are now 145 condo/townhouses for sale in Avalon ranging in price from $169,000 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

There are eight condos in Avalon now Under Contract ranging in price from $305,000 to $899,000

Four Condos have been SOLD in Avalon 4/27 2009 to 5/4 2009

460 20th street, a 1st floor,3 bedroom,1.5 bath unit listed for $399,000 SOLD 5/1/2009 for $350,000 after 567 days on the market

460 20th street, a 2nd floor unit with 3 bedrooms,1.5 baths listed for $469,000,SOLD 5/1/2009 for $445,000 after 567 days on the market

363 40th street, a 4 bedroom, 2,5 bath unit list for $799,000,SOLD 5/1/2009 for $725,000 after 533 days on the market.

3318 Ocean Drive, a 5 bedroom,4 bath bay front unit listed for $1,399,000,SOLD 4/30/2009 for $1,300,000 after 116 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.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor