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Friday, June 26, 2009

Stone Harbor Real Estate Activity Update for June 5 to June 26, 2009.


Stone Harbor Real Estate Activity Update for June 5 to June 26, 2009.

Stone Harbor Real Estate Activity Update for June 5 to June 26, 2009.
Investor confidence is evident in Stone Harbor and Avalon. We’ve seen a spike in sales in the last month contributed to a combination of factors including the spring season , historically low interest rates and good inventory of homes priced to sell

There are currently 123 single family 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.

Average list price is $2,195,535 and average time on market is 289 days.

There are three single family homes currently Under Contract.

356 89th street, a 3 bedroom,1 bath home on a 35x100 lot and listed at $990,000.

222 108th street listed at $998,000 .

8704 Pennsylvania Avenue, a 3 bedroom, 2 bath Home on a 50x110 lot, listed at $1,287,000, goes to settlement 6/30/2009

Three single family homes SOLD in Stone Harbor in last three weeks

100 108th street, a 5 bedroom,2 bath home third from the beach listed for $1,750,000 SOLD on 6/8/2009 for $1,600,000

8726 Sunset Drive, a 4 bedroom, 2 bath newly renovated home listed for $1,099,000, SOLD 6/8/2009 for $1,090,000

11810 Third Avenue, a 3 bedroom,2 bath home on an 80x100 lot was listed for $1,399,000 and SOLD 6/15/2009 for $1,174,500




Stone Harbor NJ Condo Sale Activity June 5 to June 26 2009


There are currently 59 Stone Harbor condos currently for sale ranging in price from $194,500 for an efficiency unit at 10120 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 $721,870
Average Days on the market - 317 days

Three Condos are now Under Contract in Stone Harbor

345 86th street, a 4 bedroom, 2 bath condo with bay views, listed for $899,000, goes to settlement 7/31/2009

8001 Second Avenue, a 2 bedroom,2 bath unit which is listed at $440,000 goes to settlement on 6/30/2009.

260 83rd street , a 4 bedroom, 2 bath unit listed at $729,000 goes to settlement 8/14/2009





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

Interest rates continue to be in the 5% range for conforming loans. 6% for loans over $417,000 and just like the "old days", lenders want verification of income to qualify for the loan, and good credit.


If you are interested in purchasing a summer home, take advantage of the current market and send me an e-mail with your wish list. You'll be pleasantly surprised with the options available. There is something here now for everyone.

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 and see Hundred of Stone Harbor and Avalon Rental & Sale Properties at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor.

Nancy M. Alexander copyright © 2009-All rights reserved

Friday, June 5, 2009

Avalon Real Estate Activity for May 28 to June 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 Avalon Real Estate Activity Summary May 28 to June 5 2009.

There are currently 224 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! We are seeing activity again with Buyers encouraged by low interest rates and lower prices.

There are fourteen 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--3750 Ocean Drive, a 4 bedroom,2 bath home listed for $790,000,and goes to settlement July 11,2009.

3- 739 First Avenue, a 4 bedroom,2 bath home on a 50x110 lot listed at $1,250,000. This goes to settlement 6/29/2009

4- 6439 Dune Drive, a 4 bedroom,3 bath home listed for $1,849,000 . This goes to settlement 7/8/2009

5-4251 Ocean Drive, a 4 bedroom,2 bath home on a 50x110 lot listed for $799,999. This goes to settlement 7/24/2009.

6- 2763 Avalon Avenue, a 6 bedroom,5 bath home on a 50x110 lot listed at $ 2,395,000, goes to settlement 7/10/2009

7- 223 36th street a 4 bedroom, one bath home listed at 41,000,000,goes to settlement 6/12/2009.

8-- 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


9- 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


10- 78 W. 12th street, a 5 bedroom,5 bath home on a 50x110 lot and listed for $2,195,000 goes to settlement 9/30/2009


11-- 124 22nd street, a 5 bedroom,5 bath home listed for $1,695,000.


12- 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


13-1918 Avalon Avenue, a 5 bedroom,5 bath home on a 60x110 lot listed at $2,250,000 goes to settlement on 10/15/2009

14-1852 Ocean Drive, a 4 bedroom,3 bath home on a 60x110 lot, listed at $2,395,000, goes to settlement on 7/31/2009

One Single Family Home SOLD in Avalon May 19 to May 28

-7464 Sunset Drive, a 3 bedroom bay front on a 75x120 lot, and listed for $2,650,000 SOLD 5/30/2009 for 42,350,000 after only 134 days on market.

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Avalon Condo/Townhouse Sales Activity May 28 to June 5,2009

There are now 148 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
Average days on the market is 289 days.

There are ten condos in Avalon now Under Contract ranging in price from $305,000 to $899,000
Average list price is $565,388 and average days on market is 96.

Two Condo/townhomes were SOLD in Avalon

7800 Dune Drive, a one bedroom unit listed for $275,000, SOLD for $252,500 on 5/29/2009

283 26th street, a 3 bedroom 2.5 bath unit listed at $649,000,SOLD 5/29/2009 for $595,000 after 139 days on 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