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Wednesday, December 22, 2010

Army/Navy Game: The Rest of the Story

Army/Navy Game: The Rest of the StoryThis yuletide story occurred 2 weeks ago ~ And NOW, in time for the holidays, I bring you the best Christmas story you never heard:
It all started last Christmas, when Bennett and Vivian Levin were overwhelmed by sadness while listening to radio reports of injured American troops. "We have to let them know we care," Vivian told Bennett. So they organized a trip to bring soldiers from Walter Reed Army Medical Center and Bethesda Naval Hospital to the annual Army-Navy football game in Philly, on Dec. 3.

The cool part is, they created their own train line to do it. Yes, there are people in this country who actually own real trains. Bennett Levin - native Philly guy, self-made millionaire and irascible former L&I commish - is one of them.

He has three luxury rail cars. Think mahogany paneling, plush seating and white-linen dining areas. He also has two locomotives, which he stores at his Juniata Park train yard. One car, the elegant Pennsylvania , carried John F. Kennedy to the Army-Navy game in 1961 and '62. Later, it carried his brother Bobby's body to D. C. for burial. "That's a lot of history for one car," says Bennett.

He and Vivian wanted to revive a tradition that endured from 1936 to 1975, during which trains carried Army-Navy spectators from around the country directly to the stadium where the annual game is played. The Levins could think of no better passengers to reinstate the ceremonial ride than the wounded men and women recovering at Walter Reed in D. C. and Bethesda , in Maryland . "We wanted to give them a first-class experience," says Bennett. "Gourmet meals on board, private transportation from the train to the stadium, perfect seats - real hero treatment."


Through the Army War College Foundation, of which he is a trustee, Bennett met with Walter Reed's commanding general, who loved the idea. But Bennett had some ground rules first, all designed to keep the focus on the troops alone:
No press on the trip, lest the soldiers' day of pampering devolve into a media circus.


No politicians either, because, says Bennett, "I didn't want some idiot making this trip into a campaign photo op"
And no Pentagon suits on board, otherwise the soldiers would be too busy saluting superiors to relax
The general agreed to the conditions, and Bennett realized he had a problem on his hands. "I had to actually make this thing happen," he laughs.

Over the next months, he recruited owners of 15 other sumptuous rail cars from around the country - these people tend to know each other - into lending their vehicles for the day. The name of their temporary train? The Liberty Limited.
Amtrak volunteered to transport the cars to D. C. - where they'd be coupled together for the round-trip ride to Philly - then back to their owners later
Conrail offered to service the Liberty while it was in Philly. And SEPTA drivers would bus the disabled soldiers 200 yards from the train to Lincoln Financial Field, for the game.
A benefactor from the War College ponied up 100 seats to the game - on the 50-yard line - and lunch in a hospitality suite.
And corporate donors filled, for free and without asking for publicity, goodie bags for attendees
From Woolrich, stadium blankets. From Wal-Mart, digital cameras. From Nikon, field glasses. From GEAR, down jackets.
There was booty not just for the soldiers, but for their guests, too, since each was allowed to bring a friend or family member.
The Marines, though, declined the offer. "They voted not to take guests with them, so they could take more Marines," says Levin, choking up at the memory.
Bennett's an emotional guy, so he was worried about how he'd react to meeting the 88 troops and guests at D. C.'s Union Station, where the trip originated. Some GIs were missing limbs. Others were wheelchair-bound or accompanied by medical personnel for the day. "They made it easy to be with them," he says. "They were all smiles on the ride to Philly. Not an ounce of self-pity from any of them. They're so full of life and determination."


At the stadium, the troops reveled in the game, recalls Bennett. Not even Army's lopsided loss to Navy could deflate the group's rollicking mood.


Afterward, it was back to the train and yet another gourmet meal - heroes get hungry, says Levin - before returning to Walter Reed and Bethesda . "The day was spectacular," says Levin. "It was all about these kids. It was awesome to be part of it.
The most poignant moment for the Levins was when 11 Marines hugged them goodbye, then sang them the Marine Hymn on the platform at Union Station.


"One of the guys was blind, but he said, 'I can't see you, but man, you must be beautiful!' " says Bennett. "I got a lump so big in my throat, I couldn't even answer him."

It's been three weeks, but the Levins and their guests are still feeling the day's love. "My Christmas came early," says Levin, who is Jewish and who loves the Christmas season. "I can't describe the feeling in the air." Maybe it was hope.

As one guest wrote in a thank-you note to Bennett and Vivian, "The fond memories generated last Saturday will sustain us all - whatever the future may bring."


God bless the Levins.

And  God bless the troops, every one...



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Friday, December 3, 2010

Stone Harbor Sales of Single Family homes Statistics November 2 to December 2, 2010.

Sure it is a buyer's market, but he truth of the matter is that most sellers finally understand they need to price their property properly right out of the gate. A buyer  needs to understand most of the money he expects to shave of a list price has already been factored into the asking price by the time a listing is brought to market.




Properly priced properties will sell without a lot of negotiations. Of course there will still be some that require substantial negotiation, and plenty of others that simply fail to sell.


Buyers need to be prepared for the competition that you did not think existed for properties in this “buyer’s market.”   

 Trying to cobble a percentage off the list price in circumstances in which others are interested in the same property will only lead to frustration. Whatever you do, don’t get too greedy.
It is very clear that the buyers we have are skimming the absolute cream off the top and leaving the rest.They even fight over the good stuff, creating an illusion of urgency in some cases.


Do whatever it takes to lock up the lowest pricing we have seen in 7 or 8 years. With interest rates continuing to hover around 5%, you are already well ahead of the game.




Slowly the market is hitting bottom. 2011 may mark the end of the worst market conditions we've seen in a decade. There is lots of showing activity, and offers are being made. And properties are selling.

So why the sales activity? The stock market is up 10% in a short time. This helps.


And if your retirement funds are in positive territory again and you’ve still got a job, you're are going to feel good about a host of financial decisions, including buying a summer home.


Remember, with 322 single family listings now for sale in Stone Harbor and Avalon and 182 condos for sale, it is still a buyer’s market!



Here is your Update of Stone Harbor Real Estate Activity November 2 to December 2, 2010 by Nancy Alexander




Stone Harbor Sales of Single Family homes Statistics November 2 to December 2, 2010.


There are now 123 single family homes for sale in Stone Harbor as of 12/2//2010.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=207dd047-14ed-4025-ba89-6d3630212923&Report=Yes



Stone Harbor Single Family Homes UNDER CONTRACT. Five Homes areUnder Contract as of December 2, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=93b58903-3f15-4ebe-add5-176befb229bc&Report=Yes


Four Single Family Homes Have Sold and Settled in Stone Harbor since November 2, 2010

 http://CapeMay.fnismls.com/publink/default.aspx?GUID=81a17876-7b94-4df9-b1e6-880015a226a0&Report=Yes


37 single family homes have SOLD in Stone Harbor since January 1, 2010. Average SOLD price is $1,753,324 and average days on market = 206

In 2009 exact same number of single family homes (37) were SOLD in same time period January 1 to December 2. Average SOLD price last year for Stone Harbor single family home was $1,602,202 and average days on market last year was 216 days.



Stone Harbor Condo/Townhouse.There are now 68 condos on the market in Stone Harbor . Average days on market =289 and average list price is $667,699


http://CapeMay.fnismls.com/publink/default.aspx?GUID=d3d7ec47-9b39-4fa5-ae1f-3b650d6f9546&Report=Yes



Three condos are now Under Contract in Stone Harbor.


http://CapeMay.fnismls.com/publink/default.aspx?GUID=c0b06f2b-9ecc-4afe-b4d4-36792614094a&Report=Yes



Three Stone Harbor Condos have SOLD and settled since November 2, 2010


http://CapeMay.fnismls.com/publink/default.aspx?GUID=ad28d293-aef9-49de-9a21-fb296e2661a9&Report=Yes


Ten condos have SOLD in Stone Harbor sice 1/1/2010 to December 2, 2010.Average SOLD price is $581,050 and average days on market =197
By Contrast, last year 20 condos SOLD in same time period. Average SOLD price of Stone Harbor condo in 2009 was $560,168 and average days on market was 302.


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.
You can reach me by e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Tuesday, November 2, 2010

Avalon Real Estate Activity Update October 2 to November 2, 2010



Avalon Real Estate Activity Update October 2 to November 2, 2010



Here is an update of Avalon Real Estate activity since October 2, 2010




Avalon Single Family Sales. There are 225 single family homes now on the market in Avalon.(as of November 2, 2010) These homes range in price from $525,000 to a whopping $16,875,000!




Average list price of single family home in Avalon is $2,301,528 - average of 323 days on market.


http://CapeMay.fnismls.com/publink/default.aspx?GUID=b08fab39-395c-4b0b-ad77-941fc99ffe23&Report=Yes


Avalon has 20 Single Family Homes Under Contract as of November 2 ,2010


http://CapeMay.fnismls.com/publink/default.aspx?GUID=d3613747-c9a1-4378-be4c-07873232d308&Report=Yes


25 single family homes SOLD in Avalon during the period October 2 to November 2, 2010. Average sold price $1,604,454 and average days on market = 348

There were 65 single family homes Sold in Avalon since 1/1/2010. ( In 2009 64 homes sold in same time period.)

http://CapeMay.fnismls.com/publink/default.aspx?GUID=844165db-6d92-4f2c-90c8-d17086395627&Report=Yes


Avalon Has 113 Condo/Townhomes Now For Sale

http://CapeMay.fnismls.com/publink/default.aspx?GUID=ac2b67b6-e660-4c21-90c8-89c4dc9e19fd&Report=Yes

Avalon has 14 Condos Under Contract as of 11/2/2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=75f3f7dc-4c6a-4b77-899f-acb037303b3d&Report=Yes


3 condos have SOLD in Avalon since October 2,2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=7cd9aac0-3865-454d-9179-4789ca4f998f&Report=Yes



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.
You can reach me by 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.nancymalexander.com///// . I'd love to be your Realtor


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Saturday, October 2, 2010

Here is an Update of Stone Harbor Real Estate Activity September 12 to October 2, 2010 by Nancy Alexander

Stone Harbor Sales of Single Family homes Statistics September 12 to October 2, 2010.


There are now 125 single family homes for sale in Stone Harbor as of 10/2//2010.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=de52df5a-2808-43b4-afa3-5975468d17a7&Report=Yes



Stone Harbor Single Family Homes UNDER CONTRACT. Eleven Homes areUnder Contract as of October 2, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=053c1eae-f180-468b-ad4a-a6d5ab31a994&Report=Yes



Three Single Family Homes Have Sold and Settled in Stone Harbor since September 12 , 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=a05dc658-ddd9-4713-821e-b1ac700e511e&Report=Yes


18 single family homes have SOLD in Stone Harbor since January 1, 2010. Average SOLD price is $1,513,833 and average days on market = 187




Stone Harbor Condo/Townhouse.There are now 84 condos on the market in Stone Harbor .Average days on market =246

http://CapeMay.fnismls.com/publink/default.aspx?GUID=21146a57-fabe-43d3-915d-fb2c02640e0a&Report=Yes



One condo is now Under Contract in Stone Harbor.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=a0560a13-0dce-4ab6-963f-2a4c2f2a156f&Report=Yes

One Condo SOLD in Stone Harbor since September 12, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=00efc4df-4c88-438d-af67-e02ed3649bb0&Report=Yes


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.

You can reach me by 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.nancymalexander.com//// . I'd love to be your Realtor!


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Update September 12 to October 2, 2010

Here is an update of Avalon Real Estate activity since September 12, 2010



Avalon Single Family Sales. There are 225single family homes now on the market in Avalon.(as of October 2, 2010) These homes range in price from $525,000 to a whopping $16,875,000!

Average list price of single family home in Avalon is $2,301,528 and these are on market an average of 323 days.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=b08fab39-395c-4b0b-ad77-941fc99ffe23&Report=Yes



Avalon has 20 Single Family Homes Under Contract as of October 2 ,2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=d3613747-c9a1-4378-be4c-07873232d308&Report=Yes
39 single family homes have SOLD in Avalon since January 1, 2010. Average SOLD price $1,641,158 and average days on market =253


25 single family homes SOLD in Avalon during the period September 12 to October 1, 2010. Average sold price $1,604,454 and average days on market = 348

There were 73 single family homes Sold in Avalon since 1/1/2010. In 2009 there were 65 homes sold in same time period.



http://CapeMay.fnismls.com/publink/default.aspx?GUID=bda0eb58-4ad3-4d95-a85f-a42ea772462f&Report=Yes



Avalon Has 113 Condo/Townhomes Now For Sale

http://CapeMay.fnismls.com/publink/default.aspx?GUID=e8204488-34f4-4aa5-a328-90f430066482&Report=Yes


Avalon has 14 Condos Under Contract as of 10/2/2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=4690a402-f563-4033-9770-2eaaca5c88a7&Report=Yes

3 condos have SOLD in Avalon since September 12,2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=7cd9aac0-3865-454d-9179-4789ca4f998f&Report=Yes


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.

You can reach me by 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.nancymalexander.com//// . I'd love to be your Realtor



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Wednesday, September 15, 2010

All We Said Was…10,000 Houses Will Sell Today


Don't Pay Attention To The Scary Headlines Coming!


by THE KCM CREW on SEPTEMBER 15, 2010
There are going to be some tough headlines written about the housing market over the next several months. They may create apprehension and in some cases outright fear. The good news is these headlines will not reflect what is actually taking place in real estate. Some in the industry say we should just ignore this media blitz of problematic stories. That would be similar to trying to ignore a growling creature lurking in the shadows in the corner of the room. Instead, we want to shine a bright light into that corner to honestly evaluate how dangerous the creature actually is.



PROBABLE HEADLINE: Sales Plummeting. Housing Market Crashing


THE FACTS: The National Association of Realtors’ Pending Sales Report is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.


The pending sales reports covering September, October and November will be UGLY. The reason is that the houses going into contract in those months this year will be compared to the same months last year. In 2009, sales were skyrocketing as we headed toward the original termination of the Homebuyers’ Tax Credit on November 30. It will appear as though this year’s sales fell off a cliff in comparison. The headlines will be brutal.


Actually, the tax credit just pulled sales forward. Last fall and winter, pending sales dropped dramatically after November 30. Over the next six months, approximately the same number of homes will go into contract as did last year during this period. They will just be spread more evenly over the six months.


The National Association of Realtors’ Existing Home Sales Report is based on home closings. The extended tax credit expired on April 30 this year. Like last year, the tax credit pulled demand forward, this time from the summer months. That left a vacuum of homes going into contract during this past summer. That vacuum will create a lack of closed sales throughout the next few months.


Actual sales will be approximately the same as last year. However, because the tax credit moved sales into different time periods, both the pending sales reports and the existing sales reports will appear very weak over the next few months.


The Bottom Line
The headlines will be reporting ‘doom & gloom’. In reality, the market will be no worse than last year. There will be no reason to fear the creature in the corner. It will be a figment of a misinformed media’s imagination.



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, September 12, 2010

Stone Harbor Sales of Single Family homes Data August 23 to September 12, 2010.

Here is an Update of Stone Harbor Real Estate Activity August 23 to September 12 , 2010 by Nancy Alexander



Stone Harbor Sales of Single Family homes Data August 23 to September 12, 2010.



There are now 129 single family homes for sale in Stone Harbor as of 9/12/2010.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=7bc2b687-56f1-4bd6-9d16-421b31ceed26&Report=Yes



Stone Harbor Single Family Homes UNDER CONTRACT. Thirteen Homes went Under Contract in the period of August 23to September 12, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=264b4700-3a46-48fe-b1dc-d338c00cd629&Report=Yes



Three Single Family Homes Have Sold and Settled in Stone Harbor since August 23, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=942c19aa-a239-4c49-841b-5962a2f98976&Report=Yes



Stone Harbor Condo/Townhouse.There are now 81 condos on the market in Stone Harbor .Average days on market =246

http://CapeMay.fnismls.com/publink/default.aspx?GUID=9fb8b0e3-ef3f-4310-aa32-2c32c22e12b8&Report=Yes



Just Two condos are now Under Contract in Stone Harbor.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=8517d229-28ef-49d5-ae88-122cdae59834&Report=Yes



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.
You can reach me by 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.nancymalexander.com/// . I'd love to be your Realtor!

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Update August 23 to September 12, 2010

Here is an update of Avalon Real Estate activity since August 23, 2010



Avalon Single Family Sales. There are 239 single family homes now on the market in Avalon.(as of September 12, 2010) These homes range in price from $525,000 to a whopping $16,875,000!

http://CapeMay.fnismls.com/publink/default.aspx?GUID=35486f51-8951-4e5a-b530-2cddf4789a0e&Report=Yes



Avalon has 20 Single Family Homes Under Contract as of September 12 ,2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=cea0ca46-8f10-49b6-8ed4-c1971c1f89c0&Report=Yes



Seven single family homes SOLD in Avalon during the period August 23rd to September 12, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=f9428aa2-a16e-4f79-8a73-4f67e2b0e956&Report=Yes



Avalon Has 115 Condo/Townhomes Now For Sale

http://CapeMay.fnismls.com/publink/default.aspx?GUID=101aabe0-f64f-427c-a992-12e1a47cc294&Report=Yes





Avalon has 13 Condos Under Contract as of 8/23/2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=b82215f7-a2b7-462c-aa7e-32e75f177c00&Report=Yes



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.
You can reach me by 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.nancymalexander.com/// . I'd love to be your Realtor
Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Monday, August 23, 2010

Stone Harbor Sales of Single Family homes Data August 6 to August 23, 2010.

Here is an Update of Stone Harbor Real Estate Activity August 6 to August 23 , 2010 by Nancy Alexander

Stone Harbor Sales of Single Family homes Data  August 6 to August 23, 2010.

There are now 130 single family homes for sale in Stone Harbor as of 8/23/2010.
 http://capemay.fnismls.com/publink/default.aspx?GUID=0f45c5d1-233b-4e57-b3e3-597ab5947ed1&Report=Yes


Stone Harbor Single Family Homes UNDER CONTRACT. Thirteen Homes went Under Contract  in the period of August 6 to August 23rd, 2010
http://capemay.fnismls.com/publink/default.aspx?GUID=f1abd89e-22b2-4d8b-b18d-22a0b15de31b&Report=Yes


Two Single Family Homes Have Sold and Settled in Stone Harbor since August 6 ,2010


Stone Harbor Condo/Townhouse.There are now 81 condos on the market in Stone Harbor .Average days on market =246

http://capemay.fnismls.com/publink/default.aspx?GUID=5b9739e7-8645-4666-b450-22241e8e9f06&Report=Yes

 Just Two condos are now Under Contract in Stone Harbor.
http://capemay.fnismls.com/publink/default.aspx?GUID=e35729b5-f5c3-44c3-8130-78637c6b109c&Report=Yes


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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor!


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Update August 6,to August 23,2010

Here is an update of Avalon Real Estate activity since August 6, 2010

Avalon Single Family Sales. There are 235 single family homes now on the market in Avalon.(as of August 23, 2010) These homes range in price from $399,000 to  a whopping $16,875,000!

http://capemay.fnismls.com/publink/default.aspx?GUID=6592466a-fdf4-4cc9-b376-9a0f563f6b44&Report=Yes

Avalon has 24 Single Family Homes Under Contract as of August 23rd ,2010
 http://capemay.fnismls.com/publink/default.aspx?GUID=fcffbb8f-acd7-4373-b60d-51b8e7de4b6d&Report=Yes

Just Two single family homes SOLD  in Avalon during the period August 6 to August 23rd, 2010
  
Avalon Has 127 Condo/Townhomes Now For Sale
 http://capemay.fnismls.com/publink/default.aspx?GUID=0aaef02e-8e13-4525-a79c-4600d399f735&Report=Yes


Avalon has 8 Condos Under Contract as of 8/6/2010
 http://capemay.fnismls.com/publink/default.aspx?GUID=7cb7b6de-fe63-42ee-a539-5131077b28dd&Report=Yes


Three condos have SOLD in Avalon since August 6, 2010

 http://capemay.fnismls.com/publink/default.aspx?GUID=3b7f5477-4ecf-4a1a-ad48-a5559f84c8b0&Report=Yes


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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor





Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Friday, August 6, 2010

Avalon Real Estate Activity Update July 18 to August 6, 2010

Avalon Real Estate Activity Update July 18 to August 6, 2010

Here is an update of Avalon Real Estate activity since July 18, 2010

Avalon Single Family Sales. There are 235 single family homes now on the market in Avalon.(as of August 6, 2010) These homes range in price from $399,000 to  a whopping $16,875,000!

 http://capemay.fnismls.com/publink/default.aspx?GUID=40b7e4b6-a224-4fd6-afad-2a59c9049e07&Report=Yes

Avalon has 21 Single Family Homes Under Contract as of August 6 ,2010
 http://capemay.fnismls.com/publink/default.aspx?GUID=1ba35c8f-83a3-44c1-9a50-acdf0570cf9d&Report=Yes


Just one single family home SOLD  in Avalon during the period  7/18/2010 to August 6, 2010
 http://capemay.fnismls.com/publink/default.aspx?GUID=e12a9f1b-9976-42ef-ab34-cf463c4c4dca&Report=Yes


Avalon Has 126 Condo/Townhomes Now For Sale
 http://capemay.fnismls.com/publink/default.aspx?GUID=0aaef02e-8e13-4525-a79c-4600d399f735&Report=Yes


Avalon has 10 Condos Under Contract as of 8/6/2010
 http://capemay.fnismls.com/publink/default.aspx?GUID=a6a82f61-95f1-4fd3-abba-cebe0497a47c&Report=Yes

One condo has SOLD in Avalon since July 18, 2010
http://capemay.fnismls.com/publink/default.aspx?GUID=9eb75399-0197-4bcf-a42c-f4bc7dae8169&Report=Yes

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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, July 18, 2010

Stone Harbor Real Estate Activity Since July 18,2010

Home sellers are scratching their heads and wondering why their property
has not sold. They've nibbled away with  price reductions, but
that has not gotten the job done.

Some sellers are still not understanding in this market, it is all about pricing.   A seller has to position his price properly right out of the gate.
 
A buyer today is looking for two things # 1 -He wants a good value, and #2 , he wants to feel good about the transaction.


There is now a savvy buyer pool  watching the market very closely, and when they see a new listing at a price point that is clearly fair for this market, these buyers are still willing to make a purchase.

How do you know when to reposition your property? The simple answer is when potential buyers stop coming through the door. Again, the important key
is to position your home so you get noticed and get the most attention possible.
 
Here is an Update of Stone Harbor Real Estate Activity since July 1, 2010


Stone Harbor Sales of single family homes Data 7/1/2010 to 7/18/2010.
There are now 131 single family homes for sale in Stone Harbor as of 7/18/2010.

http://capemay.fnismls.com/publink/default.aspx?GUID=d5a25437-0865-4ba8-a871-250e6efa6022&Report=Yes  


Stone Harbor Single Family Homes UNDER CONTRACT. Five Home went Under Contract 7/1/2010 to 7/17/2010
http://capemay.fnismls.com/publink/default.aspx?GUID=1f29aaf4-3ca9-411f-b902-3e8e1140290b&Report=Yes

Stone Harbor.One Single Family Home SOLD since July 1,2010
10007 Second Avenue listed at $997,500 and SOLD for $950,000

 http://capemay.fnismls.com/publink/default.aspx?GUID=80cbfe8c-04d4-4976-83de-e64923c8bd4f&Report=Yes


Stone Harbor Condo/Townhouse.There are now 78 condos on the market in Stone Harbor.


http://capemay.fnismls.com/publink/default.aspx?GUID=4c544e69-4038-44e1-a91f-32c468fec1c4&Report=Yes

Just one condo at 205 94th street is Under Contract in Stone Harbor.
http://capemay.fnismls.com/publink/default.aspx?GUID=2c697f57-42a9-4df9-aa2c-576944cdc978&Report=Yes



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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Update July1 to July 18,2010

Here is an update of Avalon real estate activity since July 1,2010

Avalon Single Family Sales.There are 235 single family homes now on the market in Avalon.(as of July 18,2010) These homes range in price from $399,000 to  a whopping $16,875,000!
http://capemay.fnismls.com/publink/default.aspx?GUID=590a11e9-2087-4212-b739-95cce5aa3224&Report=Yes


Avalon has 12 Single Family Homes Under Contract as of July 18,2010
http://capemay.fnismls.com/publink/default.aspx?GUID=559ec66d-d427-4d93-9137-14002cc35bbb&Report=Yes


Just one single family home SOLD  in the period 7/1/2010 to 7/18/2010
http://capemay.fnismls.com/publink/default.aspx?GUID=908088e7-d7bf-4100-912d-58322a2c7a25&Report=Yes



Avalon Has 123 Condo/Townhomes Now For Sale
http://capemay.fnismls.com/publink/default.aspx?GUID=5f738e94-5c44-49e5-8e39-81c3ee4d68dc&Report=Yes


Avalon has 10 Condos Under Contract as of 7/18/2010
http://capemay.fnismls.com/publink/default.aspx?GUID=3da7615a-2105-43b4-8aa9-f89ef5adc8cd&Report=Yes


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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Monday, July 5, 2010

Have a day off on July 5th?

Have a day off on July 5th? Here's a list of great
museums and attractions that will be open!
http://bit.ly/bHwTCW
Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, July 4, 2010

Spectacular Star Spangled Banner Sung By 7 Yr Old Most Incredible Singer!

Spectacular Star Spangled Banner Sung By 7 yr old most incredible singer!
http://bit.ly/aVS63K
Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Declaration of Independence

Declaration of Independence

Here is the complete text of the Declaration of Independence.
The original spelling and capitalization have been retained.

(Adopted by Congress on July 4, 1776)

The Unanimous Declaration
of the Thirteen United States of America

When, in the course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security. --Such has been the patient sufferance of these colonies; and such is now the necessity which constrains them to alter their former systems of government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world.

He has refused his assent to laws, the most wholesome and necessary for the public good.

He has forbidden his governors to pass laws of immediate and pressing importance, unless suspended in their operation till his assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other laws for the accommodation of large districts of people, unless those people would relinquish the right of representation in the legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved representative houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the legislative powers, incapable of annihilation, have returned to the people at large for their exercise; the state remaining in the meantime exposed to all the dangers of invasion from without, and convulsions within.

He has endeavored to prevent the population of these states; for that purpose obstructing the laws for naturalization of foreigners; refusing to pass others to encourage their migration hither, and raising the conditions of new appropriations of lands.

He has obstructed the administration of justice, by refusing his assent to laws for establishing judiciary powers.

He has made judges dependent on his will alone, for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out their substance.

He has kept among us, in times of peace, standing armies without the consent of our legislature.

He has affected to render the military independent of and superior to civil power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his assent to their acts of pretended legislation:

For quartering large bodies of armed troops among us:

For protecting them, by mock trial, from punishment for any murders which they should commit on the inhabitants of these states:

For cutting off our trade with all parts of the world:

For imposing taxes on us without our consent:

For depriving us in many cases, of the benefits of trial by jury:

For transporting us beyond seas to be tried for pretended offenses:


For abolishing the free system of English laws in a neighboring province, establishing therein an arbitrary government, and enlarging its boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule in these colonies:

For taking away our charters, abolishing our most valuable laws, and altering fundamentally the forms of our governments:

For suspending our own legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated government here, by declaring us out of his protection and waging war against us.

He has plundered our seas, ravaged our coasts, burned our towns, and destroyed the lives of our people.

He is at this time transporting large armies of foreign mercenaries to complete the works of death, desolation and tyranny, already begun with circumstances of cruelty and perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the head of a civilized nation.

He has constrained our fellow citizens taken captive on the high seas to bear arms against their country, to become the executioners of their friends and brethren, or to fall themselves by their hands.

He has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian savages, whose known rule of warfare, is undistinguished destruction of all ages, sexes and conditions.

In every stage of these oppressions we have petitioned for redress in the most humble terms: our repeated petitions have been answered only by repeated injury. A prince, whose character is thus marked by every act which may define a tyrant, is unfit to be the ruler of a free people.

Nor have we been wanting in attention to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our separation, and hold them, as we hold the rest of mankind, enemies in war, in peace friends.

We, therefore, the representatives of the United States of America, in General Congress, assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the name, and by the authority of the good people of these colonies, solemnly publish and declare, that these united colonies are, and of right ought to be free and independent states; that they are absolved from all allegiance to the British Crown, and that all political connection between them and the state of Great Britain, is and ought to be totally dissolved; and that as free and independent states, they have full power to levy war, conclude peace, contract alliances, establish commerce, and to do all other acts and things which independent states may of right do. And for the support of this declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

New Hampshire: Josiah Bartlett, William Whipple, Matthew Thornton

Massachusetts: John Hancock, Samual Adams, John Adams, Robert Treat Paine, Elbridge Gerry

Rhode Island: Stephen Hopkins, William Ellery

Connecticut: Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott

New York: William Floyd, Philip Livingston, Francis Lewis, Lewis Morris

New Jersey: Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark

Pennsylvania: Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross

Delaware: Caesar Rodney, George Read, Thomas McKean

Maryland: Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton

Virginia: George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton

North Carolina: William Hooper, Joseph Hewes, John Penn

South Carolina: Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Arthur Middleton

Georgia: Button Gwinnett, Lyman Hall, George Walton

Source: The Pennsylvania Packet, July 8,1776


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Stone Harbor and Avalon Luxury Market Improving!

Luxury Home Market Improving After a tough 2009, the luxury home market is on the upswing in  Stone Harbor and Avalon. during  the period of January 1 to July 1 2009 
.
This is data Sales of single family homes.  



In Avalon in 2009 from January 1 to July 1,  (21 homes were SOLD) totaling  $34,747,500.


And in Avalon in 2010 from January 1 to July 1 ,34 homes SOLD totaling is $54,764,666   


And In Stone Harbor in 2009, 14 single family homes were SOLD in the period January 1 to July 1 totaling $24,458,500.
In Stone Harbor in 2010, from January 1 to July 1, 17 homes have been SOLD  totaling $28,131,500.


These increased sales appear to be driven by realistic seller pricing, increased buyer confidence, and improved financing options.




Here are the 21 single family homes SOLD  and now under contract in Stone Harbor since 2/1/2010 list price at top & Sold price bottom left


http://capemay.fnismls.com/publink/default.aspx?GUID=f6967837-0004-4ed8-af25-214f6c973200&Report=Yes


Avalon Condo Townhouse Market
2009  -January 1 to July 1. 29 condos SOLD total = $15,554,453
2010 -January 1 to July 1 .27 condos SOLD total = $18,376,500


Stone Harbor Condo Market
2009- January 1 to July 1. 11 condos SOLD- total=$6,167,370
2010- January 1 to July 1-6 condos SOLD -total=$3,494,500



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.


You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Thursday, June 17, 2010

Stone Harbor Real Estate Sales Statistics Single Family and Condos Under Contract and SOLD   May 31 to June 16,2010


There are currently 124 single family homes for sale in Stone Harbor ranging in price from $479,900 for a one bedroom home at 7 Weber Court to $6,500,000 for a new beach front home at #1 105th street.

Average list price is $1,653,379 and average time on market is 312 days.


There are four single family homes currently Under Contract in Stone Harbor

 1- 381  95th street,a 3 bedroom 2 bath home on a 60x110 lot and listed at $799,000,goes to settlement 6/30/2010

2- 279 86th street,a 3 bedroom,one bath home on a 50x110 lot and listed at $998,500,goes to settlement 9/7/2010

3- 382 94th street ,a 4 bedroom,3 bath home on a 46.5x110 lot,listed at $1,199,000 goes to settlement 9/11/2010


4-153 102nd street, a 5 bedroom,4 bath home on a 55x110 lot goes to settlement 7/15/2010


Two Stone Harbor Single Family homes SOLD since May 31,2010


1- 224 91st street,a 5 bedroom,3 bath home on a 55x110 lot, listed at $1,495,000, went to settlement 6/10/2010. SOLD for $1,275,000

2-10729 Corinthian place,a 5 bedroom,1 bath bay front home listed at $1,690,000, went to settlement 6/12/2010.SOLD for $1,525,000



Stone Harbor Condo/Townhouses Now For Sale


There are now 72 condos for sale in Stone Harbor ranging in price from $309,000 for a 1 bedroom,1 bath unit at 9511 Sunset Drive to $1,095,000 for 3 bedroom, 2.5 bath unit at 9508 Sunset Drive.



The average list price is $655,173 and average days on market is 242 days

There is one Stone Harbor condo now Under Contract

1-205 94th street,west unit,a 4 bedroom,3 bath unit listed for $895,000,goes to settlement 9/22/2010


One condo in Stone Harbor SOLD since May 31, 2010

 1-366 93rd street, a 4 bedroom,3 bath unit listed at $950,000, went to settlement 6/5/2010.Sold for $915,000



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.

You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor











Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Friday, June 4, 2010

Check out the June and July Stone Harbor Events Schedule!

  Stone Harbor 17 Upcoming Events!

  • 7 Mile Restaurant Week
    Today, June 4 at 12:00am




  •  Annual Tour of   Homes
  • Stone Harbor, NJ
    Tomorrow, June 5 at 1:00pm

  • Farmers Market
    Water Tower
    Sunday, June 6 at 8:00am

  • Bird Sanctuary Tours
    Stone Harbor Bird Sanctuary
    Sunday, June 6 at 10:00am

  • Ballroom Dancing Classes Beginner & Intermediate
  • Start Time:
  • Monday, June 7, 2010 at 6:00pm
  • End Time:
  • Monday, August 23, 2010 at 6:00pm
  • Location:
  • Stone Harbor, NJ
  •   

    Stone Harbor Monday, June 7 at 6:00 pm
  • Wild and Scenic Film Festival
    Wetlands Institute

  • Friday, June 11 at 6:00pm
  • For the Birds...Party
    96th Street
    Saturday, June 12 at 5:30pm

  • Free Wednesday Concerts
    Stone Harbor, NJ
    Wednesday, June 23 at 6:00 pm

  • Ron Jaworski's Jaws Youth Fund...
    82nd Street Park
    Sunday, June 27 at 9:00am

  • Free Family Nights
    Firehouse Parking Lot
    Monday, June 28 at 7:00pm

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate





Monday, May 31, 2010



Pausing for a moment to remember, and give thanks to, those who have served our country and given their lives  to defend it.

To All the Men and Women, Past and Present Who Have Defended OUR FREEDOM, in Peace Time and in War! THANK YOU!!! GOD BLESS AMERICA!


A Veteran is someone, who at one point in their life, wrote a blank check payable to the United States of America for an amount up to, and including, their life. Too many people in this country have forgotten this.
On this day of remembrance to all men and women in uniform and their families, a grateful nation
thanks you this Memorial Day and everyday.We will never forget Freedom is not free.
Take a look  at The Pioneer Woman's Coming Home series in honor of Memorial Day. Wow. http://tinyurl.com/4ckycf


"I hate war as only a soldier who has lived it can, only as one who
has seen its brutality, its futility, its stupidity. -Dwight D. Eisenhower



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, March 28, 2010

In time for spring house-hunting, an end to Fed’s role

As spring real estate season kicks in and the tax-credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months.

On March 31, the Federal Reserve will stop buying mortgage-backed securities from Fannie Mae and Freddie Mac, returning control of interest rates to private investors.

For months, industry observers have predicted that once government supports are removed, interest rates will rise quickly, pushing many of the first-time buyers critical to housing's recovery out of the market.

In late summer and fall 2009, lured by fixed 30-year mortgage rates under 5 percent and the first $8,000 tax credit, which expired Nov. 30, first-timers pushed sales of previously owned homes to the highest levels in at least three years, reducing record inventories and braking price declines.

That tax credit was renewed Nov. 5 and expanded to buyers who had not purchased a property in five years, although the credit for repeat buyers is $6,500.

The second credit expires April 30, is unlikely to be renewed, and remains the engine moving buyers.

"Not a single one has expressed concern about interest rates," said Cheryl Miller of Long & Foster Real Estate in Blue Bell, acknowledging that "there is, I suppose, a false sense of security regarding rates remaining low."

As the date for the Fed pullout approaches, analysts now generally agree that an immediate rate spike is no longer the likely result.

"We think there will be a significant increase in private demand [for mortgage-backed securities] to take the place of the Fed," said David Berson, chief economist at PMI Group in Walnut Creek, Calif. Not enough to offset the Fed's departure, he said, with rates possibly increasing a quarter of a percentage point, "but a significant one."

Bankrate.com columnist Holden Lewis said rates are so low now - averaging 4.87 percent for a 30-year fixed this week - that an increase "is inevitable. But maybe they'll rise gradually instead of jumping" April 1.

The Fed says it will stop buying "by" March 31 instead of "at" the end of the month, meaning that it likely has reduced its purchases and rates haven't risen, Lewis said.

Moody's Economy.com chief economist Mark Zandi, based in West Chester, said rates will "drift" higher in summer and fall, with the half a percentage point the Fed's action cut working its way back in - mainly because investors believe the government would return if they got too high.

For that reason, Philadelphia mortgage broker Fred Glick said, rates won't change.

"If the old buyers don't come back, the Fed will intercede again to ensure rates during a continued slowly recovering economy will not go so high as to stymie a positive direction," Glick said.

Buyers of these securities "now see that the lenders have instituted rigorous standards to ensure that the Fannie Mae and Freddie Mac paper they are buying are very good loans," he said.

On the other hand, said Holland, Bucks County-based economist Joel L. Naroff, low rates are not sustainable, and "the only way to get the market to stand on its own is to get people to become realistic again about prices and rates."

Rates will likely rise, but "the level will still be historically low," Naroff said.

When rates do rise, likely by year's end, it won't be because of the Fed's action, but "natural macroeconomic forces" like a recovering economy and the high budget deficit, said Lawrence Yun, National Association of Realtors chief economist.

The possibility of renewed Fed intervention will likely prevent rate increases resulting from private investors demanding large risk spreads, said economist Brian Bethune of IHS Global Insight in Lexington, Mass.

As a result, Bethune and IHS economist Patrick Newport believe, the rate will be at only 5.25 percent by the fourth quarter.

Many Fed officials have emphasized that "high unemployment and tame inflation warrant a continued promise to hold rates very low for a long time," said Peter Buchsbaum, of Arlington Capital Mortgage in Horsham.

Some analysts expect the expansion to ease, "and I am sure the Fed does not want to extinguish the fragile recovery," Buchsbaum said.

Treasury bond yields "did not move much after the Fed completed its $300 billion in purchases in November," said Jerome Scarpello, of Leo Mortgage in Spring House, "meaning they were able to exit and not disrupt that market."

Rates will rise, he said, but not as high as the one percentage point others predict.

"With unemployment high and foreclosures an issue, a significant rate increase can push home prices down," Scarpello said, "and hamper the slight recovery we now have.

By Alan J. Heavens

INQUIRER REAL ESTATE WRITER

"








Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Friday, March 26, 2010

Stone Harbor Real Estate Activity Update for March 4 to March 25, 2010

Stone Harbor Real Estate Sales Statistics Single Family and Condos Under Contract and SOLD March 4 to March 25, 2010

Stone Harbor Real Estate Activity Update for March 4 to March 25, 2010


There are currently 105 single family homes for sale in Stone Harbor, ranging in price from $499,000 for a two bedroom home on Linden Lane to $6,500,000 for a new beach front home at #1 105th street.


Average list price is $2,207,436 and average time on market is 323 days.


There are six single family homes currently Under Contract in Stone Harbor


1- 338 93rd street, a 4 bedroom,2 bath home on a 55x110 lot listed for $949,000,goes to settlement on 3/26/2010



2-149 106th street, a 3 bedroom,1 bath home on a 50x110 lot listed at $1,299,000 goes to settlement on 3/31/2010



3-8500 Pennsylvania Avenue, a 4 bedroom,2 bath home on a 75x110 lot and listed at $1,800,000 goes to settlement 5/3/2010


4-12 90th street, a 4 bedroom ,3 bath beach block home listed for $1,995,000 on a 69x73 lot, goes to settlement 4/15/2010



5-131 97th street, a 5 bedroom,4 bath home on a 50x110 lot, goes to settlement 4/30/2010



6-153 102nd street, a 5 bedroom,4 bath home on a 55x110 lot goes to settlement 7/15/2010



One single family home SOLD in Stone Harbor since 3/4/2010



1- 298 90th street , a 6 bedroom,6 bath home on a 98x110 lot and listed for $2,095,000, SOLD 3/10/2010 for $2,050,000



Stone Harbor Condo/Townhouses Now For Sale

There are now 65 condos for sale in Stone Harbor ranging in price from $309,000 for a 1 bedroom,1 bath unit at 9511 Sunset Drive to $1, 095,000 for 3 bedroom,2.5 bath unit at 9508 Sunset Drive



The average list price is $702,127 and average days on market is 250 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.



You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor



Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Sales Update March 4 to March 25 , 2010

Avalon Real Estate  Single Family and Condo/Townhouse Sales Activity


Avalon Real Estate Sales Update March 4 to March 25 , 2010



Avalon Real Estate Sales Update March 4 to March 25 , 2010



Avalon Real Estate Statistics Single Family Homes and Condos Under Contract and SOLD February 15 to March 4, 2010


There are currently 223 single family homes for sale in Avalon



Average list price is $2,487,762 and average days on the market is 305 days.


These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.


There are Ten single family homes Now Under Contract in Avalon.



1- 254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 4/30/2010



2- 7036 Ocean Drive, a 5 bedroom,4 bath home on a 65x100’ lot and listed at $1,249,000 , goes to settlement 5/3/2010



3- 36 west 12th street, a 4 bedroom,3 bath home on a 50x110 lot, listed for $1,469,000 goes to settlement 3/12/2010


4- 247 61st street, a 5 bedroom,4 bath home on a 40x110 lot and listed at $1,500,000,goes to settlement on 5/10/2010



5-121 12th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,750,000,goes to settlement on 7/2/2010



6--242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 4/30/2010


7-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement 3/1/2010.



8- 74 E. 25th street, a 5 bedroom,4 bath home on a 50x110 lot and listed for $2,099,000,goes to settlement 5/15/2010.


 9- 50 E.15th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $2,795,000 , goes to settlement on 3/10/2010


10-4806 Fifth Avenue, a 7 bedroom,4 bath bay front home on a 60x155 lot, which is listed for $3,195,000 .Goes to settlement on 3/31/2010



Five Single Family home SOLD in Avalon since Mar 4,2010

1- 613 Sunrise Drive a 3 bedroom,2 bath home on a 50x130 lot listed at $1,750,000,SOLD 3/15/2010 for $1,200,000

2-238 41st street, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,599,000,goes to settlement on 3/22/2010


3-109 40th street, a 4 bedroom, 2 bath home on a 50x110 lot, and listed for $1,595,000,goes to settlement on 3/20/2010


4-170 36th street, a 5 bedroom,4 bath home on a 40x110 lot listed at $1,895,000 SOLD 3/10/2010 for $1,825,000


5-321 75th street, a 6 bedroom,4 bath home on a 55x133 lot listed at $2,750,000,SOLD 3/16/2010 for $2,450,000


Avalon Real Estate Condo/Townhouse Sales Activity

March 4 to March 25, 2010

There are now 135 condo/townhouses for sale in Avalon ranging in price from $165,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street


Average condo list price is $ 776,106 and the average days on market is 282 days.


Six condos in Avalon are now Under Contract

1-478 20th street, a 3 bedroom,2 bath unit listed at $550,000,goes to settlement 4/2/2010


2-2248 Avalon Avenue, a 3 bedroom,1 bath unit listed at $669,000 ,goes to settlement 4/30/2010


3-277 27th street, a 4 bedroom,3 bath unit listed at $626,000,goes to settlement on 6/9/2010

4-251 24th street, a 5 bedroom,3 bath unit listed at $759,000,goes to settlement 5/15/2010

5-3434 Dune Drive a 3 bedroom,3 bath unit listed at $875,000,goes to settlement 3/30/2010


6-2069 Harbor Avenue, a 4 bedroom,3.5 bath bay front unit listed at $950,000,goes to settlement 4/12/2010



One Avalon Condo/Townhomes SOLD since 3/4/2010

1--1688 Ocean Drive, a 3 bedroom,2 bath unit listed at $899,000,goes to settlement 3/12/2010



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.

I can be reached by e~mail 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 http://www.nancymalexander.com/. I'd love to be your Realtor
















Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Wednesday, February 10, 2010

National Weather Service Blizzard Warning for Cape may County

Blizzard Warning


...WINTRY WEATHER LAST NIGHT WILL INTENSIFY TODAY AND CAUSE

DANGEROUS CONDITIONS ESPECIALLY THIS AFTERNOON INTO EARLY

TONIGHT...

.AN EXPLOSIVELY DEVELOPING NOR/EASTER WILL BRING HEAVY SNOW TO

MUCH OF OUR AREA TODAY AND THIS EVENING...WITH BLIZZARD CONDITIONS

EXPECTED FOR MANY AREAS.

...BLIZZARD WARNING IN EFFECT UNTIL MIDNIGHT EST TONIGHT...


...WINTER STORM WARNING IS CANCELLED...


THE NATIONAL WEATHER SERVICE IN MOUNT HOLLY HAS ISSUED A BLIZZARD

WARNING...WHICH IS IN EFFECT UNTIL MIDNIGHT EST TONIGHT. THE

WINTER STORM WARNING HAS BEEN CANCELLED.

A COASTAL STORM DEVELOPING OFF THE CENTRAL MID ATLANTIC COAST

BEFORE SUNRISE WILL INTENSIFY EXPLOSIVELY TODAY. SNOW...AS WELL AS

SLEET AND EVEN SOME FREEZING RAIN NEAR...SOUTH...AND EAST OF

PHILADELPHIA WILL CHANGE TO ALL SNOW DURING THIS MORNING AS THE

STORM MOVES NORTHWARD. THIS WILL CAUSE WINDS TO BACK TO NORTHEAST

AND NORTH AND BRING COLDER AIR INTO THE REGION. WITH HEAVY SNOW

EXPECTED TO DECREASE VISIBILITIES...AND STRONG WINDS GUSTING TO 35

TO 45 MILES AN HOUR THIS AFTERNOON...BLIZZARD CONDITIONS ARE

EXPECTED AT TIMES MAINLY FROM ABOUT MIDDAY AND THROUGH THE

AFTERNOON...POSSIBLY PERSISTING INTO EARLY TONIGHT BEFORE TAPERING

OFF. HOWEVER...WINDS WILL CONTINUE TO BE STRONG THIS EVENING SO

THERE WILL BE PLENTY OF BLOWING SNOW WITH REDUCED VISIBILITIES AS

WELL TONIGHT.

TOTAL SNOW ACCUMULATIONS ARE EXPECTED TO RANGE FROM 12 TO 22

INCHES INTO EARLY TONIGHT...WITH THE HIGHEST AMOUNTS STRADDLING

THE INTERSTATE 95 CORRIDOR.

NEAR-BLIZZARD OR BLIZZARD CONDITIONS ARE RARE FOR OUR AREA...SO

IT IS LIKELY THAT PEOPLE WILL NOT REALIZE THE PERIL THAT EXISTS

IN VENTURING OUT IN SUCH STORMS. LIFE-THREATENING CONDITIONS ARE

POSSIBLE...AND DRIVING WILL BE HAZARDOUS AT BEST DURING THIS

WINTER STORM TODAY AND EARLY TONIGHT. IT IS HIGHLY RECOMMENDED

THAT TRAVEL BE CURTAILED DUE TO THE DANGEROUS CONDITIONS...AND

ONLY DRIVE IF IT IS TRULY AN EMERGENCY SITUATION.

A BLIZZARD WARNING MEANS SEVERE WINTER WEATHER CONDITIONS ARE

EXPECTED OR OCCURRING. FALLING AND BLOWING SNOW WITH STRONG WINDS

AND POOR VISIBILITIES ARE LIKELY. THIS WILL LEAD TO WHITEOUT

CONDITIONS...MAKING TRAVEL EXTREMELY DANGEROUS. DO NOT TRAVEL. IF

YOU MUST TRAVEL...HAVE A WINTER SURVIVAL KIT WITH YOU. IF YOU GET

STRANDED...STAY WITH YOUR VEHICLE.

http://www.weather.gov/alerts-beta/wwacapget.php?x=NJ20100210093300PHIBlizzardWarningPHI20100211050000NJ





Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Tuesday, February 9, 2010

Real Estate Facts for 2010 From NJAR

EDISON — The turn of a new year comes with both question and promise regarding New Jersey real estate. To prepare for the year ahead, the New Jersey Association of Realtors (NJAR) has assembled a list of 10 facts regarding the current state of real estate to offer some perspective on what to expect in 2010.


"NJAR's quarterly housing statistics over the past year have generally indicated home sales rising and prices stabilizing throughout the state," said NJAR 2010 President Judy Appleby. "These increases in buyer activity should spur further confidence in Garden State housing. Plus, expiration of the federal home buyer tax credit in April should spark a dramatic spring buying season that will hopefully set the tone for the remainder of the year in many of New Jersey's various markets."

1) First-time buyers are taking action, and for good reason. In 2009, first-time buyers made up 52 percent of the New Jersey real estate market, compared to 49 percent in 2008 and 36 percent in 2007. First-timers were spurred by high affordability, low rates, and the $8,000 federal tax credit, which has been extended to April 30, 2010. An estimated 45,700 first-time buyers took advantage of the credit last year, and it is expected to be a strong incentive for first-time buyers early this year.

Source: 2009 Profile of NJ Buyers and Sellers

2) Homes in the Garden State are a good investment. The seven-year home appreciation rate in New Jersey is 37.1 percent, more than five times the national rate of 7.1 percent. Likely due to the inherent advantages that the Garden State has to offer (great schools, unique neighborhoods, proximity to New York and Philadelphia, and access to the shore), New Jersey outperforms the national average in home appreciation.

Source: NJ Market Summary, June 2009

3) It's a great time to trade up. The 2009 federal tax credit for first-time buyers has been expanded to include repeat buyers. That means that existing homeowners can qualify for up to $6,500 (or $3,200 for those filing separately) when they buy a home - a significant incentive to trade up to that dream home.

4) Waiting for prices to drop could cost you. A buyer obtaining a 30-year mortgage of $300,000 today at a 5 percent interest rate will pay approximately $1,610 each month in principal and interest. If that same buyer waits until sale prices drop five percent, he/she runs the risk of interest rates going up. A 30-year mortgage of $285,000 at a 6 percent interest rate will cost the buyer $1,708 per month in principal and interest. Those few percentage points can equate to thousands of dollars over the course of a mortgage.

5) Owning a home in New Jersey builds long-term wealth. New Jersey home buyers who purchased their homes seven years ago accumulated an average of $81,100 in home equity. Over the last decade (1998-2008), the median prices of homes in almost every metropolitan statistical area that covers the state have more than doubled.

Source: The NATIONAL ASSOCIATION of REALTORS (NAR)

6) It's a prime time to buy a second home. Especially in a state like New Jersey, with a great second home market in shore towns and other vacation destinations, now is a great time to purchase a second home. The 2009 median price of a second home in New Jersey was $246,300. Because of the relatively high amount of inventory, there are plenty of affordable options that, when paired with low interest rates, could be once-in-a-lifetime opportunities. Who wouldn't want their investment to double as a vacation getaway and a foundation to build lasting memories?

Source: 2009 Profile of New Jersey Buyers and Sellers

7) There is still time to take advantage of historically low interest rates. Many experts agree that the rates won't stay too low for long, but there is still time in early 2010 to take advantage of rates that have dropped significantly. Consider that in the third quarter of 2008 the average Northeast rate was 6.27. For the third quarter of 2009, the rate was 5.22.

Source: Federal Housing Finance Board

8) Good news for sellers: New Jersey consumers are "buying in" to real estate. The vast majority of New Jersey buyers (86 percent) saw their purchase as a good financial investment, with 57 percent saying it is a better financial investment than stocks. Also, when asked about the primary reason for the timing of their home purchase, 46 percent of first-time buyers said it was just the right time.

Source: 2009 Profile of NJ Buyers and Sellers

9) Lower prices make homes more affordable. The median price of a single family New Jersey home in the 3rd quarter of 2009 is 11 percent lower than in the 3rd quarter of 2008. The housing affordability index during the same time period increased by 22 percent. NAR's housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a median-priced, existing single-family home. Increasing levels of affordability mean a home purchase is within reach for more New Jerseyans than the same time the year before.

Source: New Jersey Home Sales Report, 3rd quarter 2009

10) There are 50,000 Realtors in New Jersey that can provide you with localized information. Whether you are buying or selling, Realtors provide expertise on market trends, property conditions, and many other aspects of a real estate transaction. 85 percent of home buyers used a real estate agent or broker to purchase their home, as compared to 84 percent in 2008 and 76 percent in 2007. 88 percent of sellers were assisted by a real estate agent in selling their home.

Source: 2009 Profile of New Jersey Buyers and Sellers


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.


You can reach me by 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.nancymalexander.com// . I'd love to be your Realtor


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Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate