Simplifying The Market

Tuesday, March 10, 2009

Stone Harbor Real Estate Market Activity from February 22 to March 10,2009

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 Stone Harbor Real Estate Market Activity.

There are currently 116 homes currently for sale in Stone Harbor ranging in price from $475,000 for a two bedroom home on Weber Court to $5,990,000 for a beach front home on 97th street.

In the three week period February 22 to March 10,2009 one home SOLD and went to settlement
8801 Pennsylvania Avenue, a 5 bedroom,5 bath home with a pool, listed for $2,849,000. which has been on market for 433 days,went. to settlement March 7,2009 and SOLD for $2,575,000

There are three single family homes currently Under Contract.
356 89th street,a 3 bedroom, 1 bath home listed for $990,000,went Under Contract on 10/9/2008 and goes to settlement 3/28/2009.This has been on market 434 days.
165 93rd street,a 3 bedroom,2 bath home on a 50x110 lot , listed for $1,395,000 went Under Contract on 3/1/2009 goes to settlement 4/20/2009. This has been on market 206 days.
8626 First Avenue,a 5 bedroom,3 bath Victorian home on a 110x110' beach block lot with pool is listed for $5,195,000 went Under Contract 2/27 and goes to settlement 5/15/2009. This has been on the market 281 days.

43 Weber Court,a two bedroom,one bath cottage listed for $559,000 went Under Contract same day it hit the market. it goes to settlement 3/31/2009

Stone Harbor NJ Condos – February 22 to March 10th 2009. Market Recap:

There are currently 61 Stone Harbor condos currently for sale ranging in price from $229,900 for a 1 bedroom,1 bath unit at 8305 Third Avenue up to $1,725,000 for a 5 bedroom,3.5 bath townhome with pool at 261 89th street.

Average asking price is $757,298
Average Days on the market - 271 days

One Condo in Stone Harbor is now Under Contract
312 88th street. Asking price $399,000
Days on the market-72 days

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.

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