Keeping Current Matters

National Association of Realtors

Friday, November 16, 2012

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

Great News!

The National Real Estate Market is improving every day indicated by consistent increases in home prices and  in home sales.
Stone Harbor sales volume shows ten straight months of sales increases when compared to the previous year.That’s real growth, and a strong indication of increasing stability and improvement in the local real estate market for 2013 and beyond

 And, more recently, CNN Money reported that Barclays Capital has forecast that home prices could be back to the peak levels of 2007 as soon as 2015. Barclays also predicts new home construction “will grow by at least 20% a year for the next two years.”

 Avalon Real Estate Sales Activity Market Update.

With the housing market close to a full recovery and as mortgage interest rates hover at historic lows, keeping an eye on new listings is very smart! Mortgage qualifying conditions sideline some buyers, but most are able to take advantage of the excellent affordability conditions today. There has Never been a better time to Buy!

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 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 November 16, 2012

There are 158 single family homes now for sale in Avalon ranging in price from $549,000 to a Whopping $12,500,000!   Average days on the market = 296.

23 Single Family Homes in Avalon are Now Under Contract. These homes range in price from $449,900 to $6,995,000.

24 Single Family Homes in Avalon have SOLD and gone to settlement since September 16, 2012 These SOLD homes range in price from $595,000 to  $3,100,000

Average List Price Of Single Family property:$1,353,166
Average SOLD Price Of Single Family property: $1,229,125
Average Days on Market: 259 days

There are 81 Condo/townhouses currently for sale in Avalon ranging in price from $154,900 to $1,499,000

11 Condo/townhouses in Avalon Now Under Contract ranging in price from $289,000 to $995,000

10 Condo/townhouses in Avalon closed since September 16, 2012

Average List Price Of Avalon Condo : $798,000
Average SOLD Price Of Avalon Condo : $747,790
Average Days on Market 312 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.

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