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Sunday, March 20, 2011

Stone Harbor Real Estate Sales Update February 28 to March 20, 2011.


Stone Harbor Single Family Home Statistics February 28 to March 20, 2011.
How's The market?


With summer right around the corner and with prices and interest rates way down, and the pent up demand we are seeing lots of activity and even the megadeal is back with the beachfront home at #1 105th street listed at $5,900,000 going Under Contract in just 28 days on the market.

There are now 127 single family homes for sale in Stone Harbor as 3/20/2011.

Low list price: $ 499,000
High list price: $ 6,950,000
Average list price: $2,144,282
Average days on Market: 304 days

http://CapeMay.fnismls.com/publink/default.aspx?GUID=677fd07d-8f2e-4d9d-8d02-b879291ef2b7&Report=Yes



There are 8 Single Family Homes homes currently under contract in Stone Harbor, priced between $649,000 and $5,900,000


http://CapeMay.fnismls.com/publink/default.aspx?GUID=273c140c-c4c8-4aa0-a449-1a9ae6a3a010&Report=Yes



Just One Single family Home Family Has Sold and Settled in Stone Harbor since February 28, 2011.
http://CapeMay.fnismls.com/publink/default.aspx?GUID=878ffdcf-ac7a-4fd5-b4e8-9644d624eb47&Report=Yes



Stone Harbor Condo/Townhouse. There are now 68 condos on the market in Stone Harbor. Low list price: $259,000
High list price: $1,750,000

Average list price: $ 661,282

http://CapeMay.fnismls.com/publink/default.aspx?GUID=4667b1a6-3082-4d5a-b4d9-ea0021276073&Report=Yes



Stone Harbor Condo/townhouse. 2 condos are now Under Contract as of March 20,2011


There are 2 Stone Harbor Condo/townhouses currently under contract, priced at $374,000 and $729,000

http://CapeMay.fnismls.com/publink/default.aspx?GUID=9b646923-18de-45c9-aab3-95edfb600f39&Report=Yes



One Condo/Townhomes SOLD in Stone Harbor 2/28/2011. 9511 Sunset Drive listed at $259,000,SOLD for $245,000 after 354 days on the market

http://CapeMay.fnismls.com/publink/default.aspx?GUID=8728d021-4bec-4a7d-86d2-094965d5f163&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

Avalon Real Estate Sales Update February to March 20, 2011

Avalon Real Estate Sales Update February to March 20, 2011


How's The market?


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


Single Family Homes Now For Sale in Avalon as of March 20, 2011.

There are 194 single family homes now For Sale in Avalon, These homes range in price between $469,000 to a whopping $14,950,000


Low list price: $469,000
High list price: $14,950,000
Average list price: $ 2,363,862
Average days on market of 303 days


http://CapeMay.fnismls.com/publink/default.aspx?GUID=726368e4-2829-4695-ae3e-e9c8988cb3c6&Report=Yes



Avalon has 20 Single Family Homes Under Contract as of March 20, 2011

Low list price: $624,900

High list price: $3,395,000

Average list price: $ 1,505,445

Average days on market of 198 days

http://CapeMay.fnismls.com/publink/default.aspx?GUID=c11ab026-bfe0-46d2-b9a0-0e7b08a378f8&Report=Yes



4 Single Family homes SOLD in Avalon since February 28, 2011.

Average list price: $ 1,757,900

Average SOLD price:$1,644,875

Average days on market of 220 days


http://CapeMay.fnismls.com/publink/default.aspx?GUID=de608425-6e04-4ef8-9b8a-2c82cfe32444&Report=Yes



Avalon Has 119 Condo/Townhomes Now For Sale
There are 119 condos currently now for sale, priced between $155,000 and


$1,895,000


Low list price: $155,000


High list price: $1,895,000


Average list price: $728,876


Average days on market: 253

http://CapeMay.fnismls.com/publink/default.aspx?GUID=70b2679f-ba42-4683-b24b-161f4c10aaf3&Report=Yes



Avalon has 13 Condos Under Contract as of 3/20/2011 ranging in price from $339,990 to $1,395,000

http://CapeMay.fnismls.com/publink/default.aspx?GUID=8297776f-5b34-4f94-99ca-6e890d904672&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

Thursday, March 10, 2011

12 Tax Season Tips For Home Owners

  12 Tax Season Tips for Home Owners

March 10, 2011

Owning your own home opens the door to many tax opportunities. CCH, a Wolters Kluwer tax information company, suggests these 12 ways to save on your tax return:

If you bought a home last year, you may benefit from a refundable first-time home buyers’ credit of 10% of the purchase price of a new home—up to $8,000. The credit is available for homes purchased before October 1, 2010 and you must have entered into a binding agreement to buy the home before May 1, 2010. You can’t have had an ownership interest in a principal residence during the three years before the purchase.

A refundable repeat home buyers’ credit is available is you entered a contract to buy a home by April 30, 2010 and closed on the sale of the home before October 1, 2010. The credit is 10% of the purchase price with a limit of $6,500. To claim the credit, you have to have owned and used the same home as a principal residence for five straight years within a time period that may go back a maximum of eight years. You also must be at least 18 years old and your home purchase price must be under $800,000.

You can exclude up to $250,000 of gain on the sale of your home (up to $500,000 for joint filers) if you have owned and lived in the home as your principal residence for two out of the five years prior to the sale, although a partial exclusion may be available for sales due to a change of employment, health, or unforeseen circumstances. The periods of ownership and occupancy do not have to be identical.

You can take the interest on your mortgage indebtedness of up to $1 million as an itemized deduction. The interest can be on your principal residence and one additional residence.


For ordinary income purposes, up to $100,000 in home-equity loan interest can also be deducted. In regards to the alternative minimum tax, interest on home-equity loans is deductible only if the loan is used to acquire, build, or substantially improve a home.

The points you paid on a mortgage loan you used to buy or improve your principal residence are deductible in the year you paid them, as long as the points represent a customary practice in your area. Points paid on a refinancing loan must be deducted over the term of the loan.

Through 2010, you can deduct mortgage insurance premiums as mortgage interest. However, the mortgage insurance had to be originally acquired on or after January 1, 2007.

You can take the state and local property taxes you pay as an itemized deduction. An option to take up to $500 ($1,000 for joint filers) as an additional standard deduction for real estate taxes expired at the end of 2009 and is not available for 2010.

If you rented your home for fewer than 15 days during the year, you don’t have to include that rental income in your gross income, but you can’t deduct any expenses related to the rental either.

If your lender forgave your mortgage debt of up to $2 million on your principal residence, as in a write-down or foreclosure, the transaction won’t be treated as “cancellation of debt income.” This special relief is temporary and is available for six years, retroactively for taxpayers filing amended returns, from January 1, 2007 through the end of 2011.


If you own a home and installed qualifying energy-efficient fixtures or systems by December 31, 2010, you may claim a 30% tax credit—up to a maximum of $1,500 for both the 2009 and 2010 tax years. The American Recovery and Reinvestment Act of 2009 created energy tax credits for installing insulation, energy-efficient exterior windows or doors, heat pumps, furnaces, central air conditioners, or water pumps.

A separate 30% credit is available to home owners who installed alternative energy equipment such as fuel cells, solar water heaters, solar electric equipment, small wind energy projects, or geothermal heat pumps. Although the tax credit is more likely to apply for businesses, it’s also available for home owners.

Source: CCH, a Wolters Kluwer business

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate