Stone Harbor Real Estate - Homes and Condos Market Recap - Month of December 2008
The Real Estate market activity is always a topic of interest for Stone Harbor owners as well as tenants who vacation here every summer.
There has been an over-supply of homes or condos on the market for nearly two years now.Not all sellers understand that their asking price affects if they will sell,but when and for how much.The longer it takes to get to fair listed price,the longer their property languishes on market.This will translate to lower offers.
So, how did Stone Harbor single family homes and condos fare in December? Check out the numbers below:
Stone Harbor Single Family Homes - December 2008 Market Recap:
106 single family homes are currently for sale in Stone Harbor with asking prices range from $525,000 to $5,990,,000
Average asking price is $2,387,687
Average Days on the market - 240 days
2 single family homes in Stone Harbor went Under Agreement in December 2008
Asking prices ranged from $990,000 to$3,695,000
Brand new bay front home at 10602 Corinthian Place listed for $3,695,000 SOLD December 31st for $3,000,000
Average asking price - $2,342,500
Average Days on the market - 109 days
Homes Sold during December 2008 = 8
Asking prices ranged from $79,500 to $465,000
Sold prices ranged from $72,000 to $410,000
Average sold price - $284,250
Average Days on the market -269 days
Average List-to-Sell Ratio - 84%
12 homes in Stone Harbor expired from the market during December 2008 without selling.
Stone Harbor NJ Condos - December 2008 Market Recap:
49 Stone Harbor condos currently for sale
Asking prices range from $219,000 to $1,650,000
Average asking price is $745,742
Average Days on the market - 329 days
2 condos in Stone Harbor went Under Agreement
234 84th street.Asking price was $650,000
Days on market - 655 days
275 103rd street. Asking price $789,000
Days on the market-695 days
2 Stone Harbor N.J. Condos sold during December 2008.
A total of 17 Condos SOLD in Stone Harbor in 2008
Asking prices ranged from $499,000 to $999,000
Sold prices ranged from $460,000 to $900,000
Average List price- $650,000
Average sold price - $650,000
Average Days on the market - 655 days
1 condos in Stone Harbor NJ expired from the market without selling during December 2008.
Are you considering a move? If you need a summer rental ,if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 609-425-7521
