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Simplifying The Market

Tuesday, May 12, 2009

Avalon Real Estate Activity Report for May 5 to May 12, 2009



Avalon Real Estate Activity Report for May 5 to May 12, 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 May 5 to May 12.

There are currently 234 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.

Good news! Buyers are moving back into the market again encouraged by low interest rates and lower prices.

There are nine single family homes now Under Contract in Avalon.

1- 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

2- 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
3- 255 67th street, a 5 bedroom,4.5 bath home on a 60x110 lot, listed for $2,175,000,goes to settlement 7/1/2009



4- 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

5- 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

6- 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

7- 2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement in 2012

8- 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
9- 78 W. 12th street,1 5 bedroom,5 bath home on an oversize lot, listed for $2,195,000.Goes to settlement 9/30/2009


Three Single Family Homes SOLD in Avalon May 5 to May 12

246 44th street, a 4 bedroom,3 bath home on a 50x110 lot listed for $1,250,000 SOLD 4/25/2009 for $1,200,000
4618 Fifth Avenue, a 5 bedroom,3 bath home on a 60x155 lot SOLD 5/8/2009 for $2,400,000

3- 245 67th street, a 4 bedroom,3 bath home on a 60x110 lot and listed for $1,550,000 SOLD 5/6/2009 for $1,525,000



Condo/Townhouse Avalon

There are now 146 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 ten condos in Avalon now Under Contract ranging in price from $305,000 to $899,000



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