Avalon Real Estate Sales Activity September 16, 2012 Market Update.

Avalon Real Estate Sales Activity Market Update.

September 16, 2012 

As mortgage interest rates hover at historic lows, keeping an eye on new listings is very smart !

Mortgage rates around 3.50 % continue to boost home affordability with the lowest rates on record. These rates are as close to the bottom as you can expect to get, and add to the urgency to buy your Stone Harbor or Avalon beach house NOW while these rates are at the bottom.

Each month, I provide the latest Avalon Real Estate market sales statistics based on data from the Cape May County MLS. These Monthly Market Reports are intended to share sales information to help you can make an informed decision about the Avalon Real Estate Market before you buy or sell a home in Avalon.

If you would like similar statistics for a specific area, property type or price range, please send me an email at Nancy@NancyMAlexander.com and tell me how I can help. I can provide real estate market specifics for nearby communities regions around Avalon and Stone Harbor.

Single Family Homes Now For Sale in Avalon as of September 16, 2012

There are 163 single family homes now for sale in Avalon ranging in price from $469,900 to a Whopping $12,500,000!   Average days on the market = 272.

http://capemay.paragonrels.com/publink/default.aspx?GUID=fe1b034d-28ee-485d-ac3f-499ae9a2c9cd&Report=Yes

29 Single Family Homes in Avalon are Now Under Contract. These homes range in price from $595,000 to $2,500,000.

http://capemay.paragonrels.com/publink/default.aspx?GUID=8f5cc774-e97a-44b4-bfa5-bceda558889a&Report=Yes 

5 Single Family Homes in Avalon have SOLD and gone to settlement since August 22, 2012 . These SOLD homes range in price from $825000 to  $3,000,000

http://capemay.paragonrels.com/publink/default.aspx?GUID=dd4378b6-5719-4606-8920-149555f1161e&Report=Yes

Average List Price Of Single Family property:$1,819,800
Average SOLD Price Of Single Family property: $1,607,500
Average Days on Market: 326 days

There are 80 Condo/townhouses currently for sale in Avalon ranging in price from $154,900 to $1,499,000

http://capemay.paragonrels.com/publink/default.aspx?GUID=c8eda424-8c26-4bb3-b68a-07fbed74f001&Report=Yes

11 Condo/townhouses in Avalon Now Under Contract ranging in price from $565,000 to $1,525,000

http://capemay.paragonrels.com/publink/default.aspx?GUID=057a3d86-58b3-4dff-a126-c3da1054aa98&Report=Yes

7 Condo/townhouses in Avalon closed since August 22, 2012

http://capemay.paragonrels.com/publink/default.aspx?GUID=aa8911c1-9781-45a2-b13b-367c759f248e&Report=Yes

Average List Price Of Avalon Condo : $599,200
Average SOLD Price Of Avalon Condo : $573,842
Average Days on Market 190 days

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?

 I get it . People don't like to be SOLD. People want to Buy. I  will provide you information on the homes you like. I'm always responsive but never pushy. No Hassle. No Pressure.


Find Us on Facebook @ https://facebook.com/NancyMAlexanderRealEstate You can reach me by email me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521. I return calls  immediately.



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Stone Harbor Real Estate Market Update September 16, 2012

Stone Harbor N.J. Real Estate Market Update

 September 16, 2012

As mortgage interest rates hover at historic lows, keeping an eye new listings is very smart!

Mortgage rates around 3.50% continue to boost home affordability with the lowest rates on record. These rates are as close to the bottom as you can expect to get, and add to the urgency to buy your Stone Harbor or Avalon beach house NOW while these rates are at the bottom.




Each month, I provide the latest Stone Harbor Real Estate market sales statistics based on data from the Cape May County MLS. These Monthly Market Reports are intended to share sales information to help you can make an informed decision about the Stone Harbor Real Estate Market before you buy or sell a home in the Stone Harbor area.



If you would like similar statistics for a specific area, property type or price range, please send me an email Nancy@NancyMAlexander.com and tell me how I can help. I can provide Real Estate Market specifics for nearby communities regions around Avalon and Stone Harbor.

Important to understand you must price you property competitively from the very start and you will see immediate activity, and a contract!

Properties that are priced to sell are considered "in" the market. Properties that aren't are considered simply "on" the market.

Even in the hardest hit markets, there are still buyers, and they are looking for the most competitively priced properties in the best condition.

I help sellers price their homes so that they are "in" the market.

 I get it. People don't like to be SOLD. People want to BUY. I  will provide you information on the homes you like. I'm always responsive but never pushy.No Hassle. No Pressure!
  

Stone Harbor N.J. Real Estate Market  Sales Update as of September 16, 2012

Let's compare to last year. In the Entire year of 2011 there was a total of 59 single family homes SOLD in Stone Harbor with an average list price of $2,011,455 and an average SOLD price of $1,760,250.

 Average days on market in 2011 was 313 days

Since the first of this year, as of today, 9/16/2012, 51 single family homes have been SOLD in Stone Harbor with an average list price of $1,920,292, and average SOLD price of $1,668,450.
26 Stone Harbor single family homes are now Under Contract as of September 16, 2012 with and average list price of $1,546,223
 

107 Single Family homes were Sold in Avalon in 2011.

As of 9/16/2012, 82 single family homes have been SOLD in Avalon with an average list price of $1,724,559 and an average SOLD price of $1,596,986. Average days on market = 226 .
In Avalon another 29 single family homes are now Under Contract with an average list price of $1,568,137.

Single Family Homes Now For Sale in Stone Harbor as of September 16, 2012

There are now 97 single family homes for sale in Stone Harbor as of September 16, 2012. Inventory is shrinking as just last month there were 107 single family homes for sale  

http://capemay.paragonrels.com/publink/default.aspx?GUID=90b27914-c3a9-4d40-8364-cade2cccae0a&Report=Yes

Low list price: $ 425,000
High list price: $ 6,950,000
Average list price: $ 2,255,007
Average days on Market: 328

There are now 26 Single Family Stone Harbor Homes Now Under Contract with average list price of  $1,151,714

http://capemay.paragonrels.com/publink/default.aspx?GUID=5f292da3-efcd-4850-92e6-0ae06cc08009&Report=Yes

Low list price: $ 449,000
High list price:  $8,062,000
Average list price:  1,151,714
Average days on Market:  310 days

7 single family homes SOLD in Stone Harbor since August 22, 2012.

http://capemay.paragonrels.com/publink/default.aspx?GUID=7094c69c-cea8-4080-abdf-ca14af098c32&Report=Yes

Average List price was $1,151,714
Average SOLD price was $1,055,571
Average days on market =  309 days

Stone Harbor Condo/Townhouse now For Sale, Under Contract and SOLD since August 22, 2012

There are now 73 Condo/townhouse properties for sale in Stone Harbor with an average list price of $614,089

http://capemay.paragonrels.com/publink/default.aspx?GUID=e98077ae-c81f-44ef-88a3-3a6366c9b166&Report=Yes

There are now 7 Condo/townhouses in Stone Harbor Now Under Contract. Average Days on Market =296

http://capemay.paragonrels.com/publink/default.aspx?GUID=d074525c-8928-454a-a499-3538dcc9e1a9&Report=Yes

3 Condos in Stone Harbor SOLD since August 22 , 2012 with average list price of $611,333 and average SOLD price of $555,000. Average days on market = 242 days

http://capemay.paragonrels.com/publink/default.aspx?GUID=b4b4dc1f-6fc4-4421-a427-948f84778cf1&Report=Yes

Average list price = $649,128
Average Sold Price =$602,500
Average days on market = 295

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. I return calls immediately.



Find us on Facebook .
https://facebook.com/NancyMAlexanderRealEstate

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon and Stone Harbor September Real Estate Market Update

Sales of existing homes have continued to improve.

NAR Chief Economist lawrence Yun be-believes that  aftordability conditions are very good for the housing market "Mortgage interest rates have been at record lows this year, while rents have been rising at faster rates. Combined, these factors are helping to unleash a pent-up demand." Yun said. "However, the
market is constrained by unnecessarv tight lending standards
and shrinking inventory supplies, so housing could easily be much stronger without these abnormal frictions

The urgency to buy now is increased with Mortgage rates at  3.50% ,  some of the lowest
rates on record since 1971 indicating rates have finally hit bottom...

While home sales grew 2.3 % from last  month , year-over- year sales increased 10.4.%.  According to the National Association of Realtors, existing home sales rose in July with the national median sales price reaching five consecutive months of year-aver-year
growth

The median home price fell 1 from last month, but rose 9.4 compared to a year ago to $187,300. This marks the fifth consecutive month of year-over-year price gains, which has not been seen since  the period January to May 2006. July's gains are the most robust since January of 2006 when median home prices rose 10.2 % from 2005.

Housing inventory increased 1..3 % in July to 2.4 million homes avaiiable for sale, a 6.4-month supply. This marks the eighth consecutive month of inventory at a 6- month supply which is the threshold for a balanced market, giving both buyers and sellers an equal advantage. As supply continues to hold steady at more balanced levels, so does the idea that the housing market is moving closer-to a full scale recovery




Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

The Reeds at Shelter Haven Stone Harbor, New Jersey

 Can not wait until The Reeds at Shelter Haven opens this summer!

The Reeds at Shelter Haven


Explore our new website! While anticipation for The Reeds at Shelter Haven’s 2013 summer opening continues to grow … we are thrilled to unveil our newly expanded website - giving you an opportunity to preview the impressive luxury boutique hotel and destination resort we are building.
www.reedsatshelterhaven.com

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate