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