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Keeping Current Matters

Tuesday, July 14, 2009

Avalon Real Estate Sales Activity June 26 to July 14,2009


Investor confidence is evident in 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 .

Here is Avalon Real Estate Activity Summary June 26 to July 14 2009.

There are currently 224 single family homes for sale in Avalon
Average list price is $2,631,388 and average days on the market is 294 days.
These properties range 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.

There are fourteen single family homes now Under Contract in Avalon
1 – 3750 ocean Drive, a 4 bedroom,2 bath home listed at $790,000,goes to settlement on 7/11/2009

2-4251 Ocean Drive, a 4 bedroom,2 bath home on a 50x110 lot is listed at $799,999 and goes to settlement on 7/24/2009

3-252 16th street , a 3 bedroom,1 bath home listed for $825,000 goes to settlement 8/1/2009

4- 1889 First Avenue , a 5 bedroom,3 bath home listed for $1,250,000,goes to settlement on 7/24/2009


5- 15 E. 24th street, a 5 bedroom, 2 bath home listed for $1,711,000,goes to settlement 7/11/2009

6-5649 Ocean Drive, a 4 bedroom, 3 bath home listed for $1,995,000, goes to settlement 9/9/2009

7-55 W. 10th street, a 4 bedroom,3 bath home listed for $1,895,000, goes to settlement 8/3/2009

8-5649 Ocean Drive, a 4 bedroom,3 bath home listed for $1,995,000,goes to settlement 9/9/2009

9- 2888 Ocean Drive, a 5 bedroom, 4 bath home listed at$1,995,000 goes to settlement 3/1 2012

10- 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

11- 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

12-1918 Avalon Avenue, a 5 bedroom, 5 bath home on a 60x110 lot listed at $2,250,000 goes to settlement on 10/15/2009

13-1852 Ocean Drive, a 4 bedroom, 3 bath home on a 60x110 lot, listed at $2,395,000, goes to settlement on 7/31/2009

14- 74 E 11th Street, a 5 bedroom, 3 bath beach block home listed for $$2,495,000 goes to settlement 7/11/2009


Seven single family homes SOLD in Avalon since June 26

1-—742 Sunrise Drive, a 3 bedroom,1 bath home on a 46x92’ lot which was listed at #550,000 SOLD for $505,000 on 6/30/2009

2-3750 Ocean Drive, a 4 bedroom,2 bath home on a 60x110 lot listed for $775,000 SOLD 7/10/2009 for $775,000

3-739 First Avenue, a 4 bedroom,2 bath home on a 50x110 lot listed for $1,250,000,SOLD 6/29/2009 for $1,165,000

4-6439 Dune Drive ,a 4 bedroom,3 bath home on a 60x100 lot was listed at $1,849,000 and SOLD 7/8/2009 for $1,550,000

5 110 36th street,a 4 bedroom,3 bath home on a 60x110 lot was listed at $1,849,000 and SOLD 7/10/2009 for $1,700,000

6-255 67th street, a 5 bedroom,4 bath home on a 60x110 lot which was listed at $2,175,000 and SOLD 7/1/ 2009 for $1,815,000

7- 2763 Avalon Avenue, a 6 bedroom,5 bath home on a 50x110 lot which had been listed at $2,395,000 and SOLD 7/10/2009 for $2,100,000




Avalon Condo/Townhouse Sales Activity June 26 to July 14, 2009

There are now 139 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 twelve condos in Avalon now Under Contract ranging in price from $525,000 to $999,000

Average list price is $707,491 and average days on the market is 271

Five condos SOLD and settled since June 26

1-7800 Dune Drive,a 1 bedroom,1 bath unit listed at $225,000 SOLD 7/10/2009 for $ 220,000 after 25 days on the market
2- 2007 Seventh Avenue,a 3 bedroom 2 bath unit listed at $584,900,SOLD 7/3/2009 for $478,000

3- 2310 Dune Drive,a 3 bedroom,3 bath unit listed at $659,000,SOLD 6/27/2009 for $630,000.
4- 226 24th street, a 5 bedroom, 2.5 bath unit listed at $ 689,000 SOLD 6/27/2009 for $635,000

5-756 Sunrise Drive,a 4 bedroom,3.5 bath unit listed at $799,500 SOLD 7/7/2009 for $649,000


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

Nancy M. Alexander copyright © 2009-All rights reserved