Avalon Real Estate Sales Update February 7, to February 28, 2011

The Luxury Real Estate Second Home Market has come back to life in Avalon and Stone Harbor.




Even the megadeal is back! On 2/25/2011 a beachfront home in Avalon SOLD for $7,000,000 , and 1/21/2011 another Avalon beach front SOLD for $5,000,000


Wall street bonuses, a rebound in stock prices and more confidence in a stablized economy all contribute to the flurry of sales of Avalon and Stone Harbor vacation homes.
With summer right around the corner and with prices and interest rates way down, and the pent up demand , we see both families and investors buying beach homes..

Avalon Real Estate Sales Update February 7, to February 28, 2011
Single Family Homes Now For Sale in Avalon. There are 185 single family homes now on the market in Avalon.(as of February 28, 2011). These homes range in price from $499,000 to a whopping $14,950,000! The average listed price of a single family home in Avalon is $2,396,108 with average days on market of 317 days.
http://CapeMay.fnismls.com/publink/default.aspx?GUID=de20b5b0-b187-49c6-b50d-6ad0541a3bae&Report=Yes

Avalon has 16 Single Family Homes Under Contract as of February 28,2011

http://CapeMay.fnismls.com/publink/default.aspx?GUID=9e24d615-c474-48dc-992a-a65670fc8bd7&Report=Yes


7 single family homes SOLD in Avalon since February 7, 2011. Average sold price $1,985,694 and average days on market = 266
http://CapeMay.fnismls.com/publink/default.aspx?GUID=6ccd22ab-1551-4897-b4a5-2bfedb9a78a5&Report=Yes

Avalon Has 118 Condo/Townhomes Now For Sale with an average list price of $783,019 and average days on market =244
http://CapeMay.fnismls.com/publink/default.aspx?GUID=341d1302-bf15-478d-ad99-2e6d5d75d5d3&Report=Yes

Avalon has 12 Condos Under Contract as of 2/28//2011
http://CapeMay.fnismls.com/publink/default.aspx?GUID=0e110ff7-38f0-42b1-8165-c09a265f95dc&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. Have a question about a Stone Harbor or Avalon homes or want to talk about selling yours?
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

Five Tax Write-Offs You Might Not Know About!

Five Tax Write-Offs You Might Not Know About!

A slew of new breaks are now available on common expenses for some growing companies.

Entrpreneurs might find tax time a bit less taxing this year and next due to some new write-offs covering a range of common expenses for growing businesses.

Here’s a quick look at five breaks aimed at certain businesses that you'll want to know about:


1. New-job creators

A new-hires tax credit can give employers a break on their payroll tax if they hired new workers into new job slots between Feb. 3, and Dec. 31, 2010. These workers can’t have replaced people who left. They have to add to your headcount. And they have to have been unemployed for 60 or more days prior to you hiring them.

If your business qualified for this deduction, which amounts to 6.2% of your payroll tax, you should have taken from your quarterly payroll tax estimates during 2010. But if you missed it, it’s worth going back and amending those quarterly payments to account for the credit, says Jeff Anderson, a partner who works with entrepreneurs at Padgett Stratemann, an accounting firm based in Austin, Texas.


What's more, an additional $1,000 general business tax credit may be available in 2011 if you keep these new employees for 52 weeks or longer. So if you qualified for the first credit, make sure you qualify for the second one as well, says Stan Ginsberg, a partner in New York with the accounting firm Metis Group.

Internal Revenue Service refers to as “listed property,” such as laptops or cars that might be purchased for work or provided by an employer but that lend themselves to personal use. Users had to keep track of their business and personal use for these items and write off the former proportionally.


2. Cell-phone users

Mobile phones used to be counted among items the Internal Revenue SThe IRS has removed cell phones from this onerous list, which means that if you provide employees with cell phones or use one for business yourself, “Your business can write it off directly,” says Anderson.


3. Large sport-utility vehicle buyers

This is a great break for entrepreneurs who need an SUV that’s heavier than 6,000 pounds for their business, such as a Chevy Tahoe or Ford Explorer. If you bought or plan to buy a new one between Sept. 8, 2010, and Dec., 31, 2011, you may be able write off the full value in a single tax year, rather than having to depreciate it over a few years, as has been the case previously.


This is a loophole for a lot of taxpayers,” says Anderson.


If you really do need this kind of horsepower, this credit could go a long way toward defraying the cost of owning one of these gas guzzlers.


4. New-equipment buyers

In a bid to get business owners to open the till and spend a little, the IRS is offering “bonus depreciation,” which is the temporary ability to write off more equipment in a bigger way.


If a business bought or buys new equipment between Sept. 8, 2010, and Dec. 31, 2011, it may be able to write off 100% of the cost all at once. We’re talking big items like computers, office furniture and manufacturing equipment. “This was enacted to help manufacturers and help to spark the economy,” Anderson says. For this reason, the items have to be purchased new, not used, and put into use during that same period.
etter still, the write-off has no limits on how much you spend and isn’t capped by your taxable income, as is the case with the write-off rule this one temporarily supersedes, says Anderson.

To qualify, a business must have fewer than the equivalent of 25 full-time workers. So, for example, you could have 50 part-time workers. The average annual salary across your employees can’t top $50,000, and you must be covering more than half of your workers' health-care costs.


The credit will rise to 50% in 2014, but it will also phase out for employers who pay an average annual employee wage between $25,000 and $50,000. “It’s meant to give a tax credit to business owners who provide health insurance to lower-wage workers,” says Ginsburg, “But it’s too onerous to qualify for it. It isn't going to get a lot of play [in places where wages are high].”


Even so, with the number of new tax breaks this year, many entrepreneurs are likely to find at least one that could come in handy this spring.

Entrepreneur
 By Eileen P. Gunn

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Have you been wondering if now is the time to purchase your first home? Your first vacation home at the shore? Wondering if the shore market has hit bottom?

Have you been wondering if now is the time to purchase your first home? Your first vacation home at the shore? Wondering if the shore market has hit bottom?

The Wall Street Journal last week stated:

“With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.”


Donald Trump was just quoted saying:
“I’m pretty sure this is a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say, ‘You know, I‘m glad I listened to Donald Trump’.”


John Paulson, a multibillionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market. He recently said: “If you don’t own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”

A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home. The Gallup Organization went on to say:“Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.”


The iconic financial paper in this country, this country’s most famous real estate investor, and the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home.

From KCM online


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. Have a question about a Stone Harbor or Avalon homes or want to talk about selling yours?
You can reach me by e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call or text 609.425.7521


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Stone Harbor Single Family Home Statistics January 3 to February 7, 2011.

Stone Harbor Single Family Home Statistics January 3 to February 7, 2011.

There are now 106 single family homes for sale in Stone Harbor as 2/7/2011. Average list price is $2,103,214 and average time on market is 336 days.  
http://CapeMay.fnismls.com/publink/default.aspx?GUID=c570529a-e39a-408c-94ef-74f79e8b21b1&Report=Yes





Stone Harbor Single Family Homes UNDER CONTRACT. 5 Homes are Under Contract as of February 7 , 2011
http://CapeMay.fnismls.com/publink/default.aspx?GUID=95d337d2-486d-40a5-b84a-a9484fe51289&Report=Yes



4 Single Family Homes Have Sold and Settled in Stone Harbor since January 3, 2011. Interesting that 3 of 4 properties SOLD were bay front properties.

Average Sold price is $1,400,000 and average days on market = 545.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=848650c4-3be4-4d46-9a48-fb268d0b78ec&Report=Yes



Stone Harbor Condo/Townhouse. There are now 64 condos on the market in Stone Harbor Average days on market =282 and average list price is $652,492
http://CapeMay.fnismls.com/publink/default.aspx?GUID=f5a84730-626e-4022-875e-f730bbf23e88&Report=Yes






Stone Harbor Condo/townhouse. 4 condos are now Under Contract

http://CapeMay.fnismls.com/publink/default.aspx?GUID=d9daca0e-928e-41a5-aed6-7a95fb0ce6a0&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. Have a question about a Stone Harbor or Avalon homes or want to talk about selling yours?


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