Contracts to purchase previously owned U.S. homes climbed in March by the largest percentage in almost three years, according to a report released today from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.4 percent, the most since May of 2011. “Sales activity is expected to steadily pick up as more inventory reaches the market, and from ongoing job creation in the economy,” according to Lawrence Yun, NAR chief economist.
More good news . Avalon and Stone Harbor NJ has seen a strong close to 2013, and we see a rising interest in the affluent segment of the housing market for 2014. As we move into 2014, Luxury homes in Avalon and Stone Harbor are thriving with buyers gravitating toward properties in the $1 million and up price range.
The Million dollar plus buyer continues to be a significant force. At the close of 2013, the $1 to $3 million tier of the market was extremely active, with sales in the luxury market in Avalon and Stone Harbor thriving . With price beginning to rise coupled with historically low interest rates and shrinking inventory, we are seeing competition among buyers for properly priced homes in Avalon and Stone Harbor NJ .
If you are thinking of Selling , there has never been a better time !
Stone Harbor and Avalon NJ real estate market is upbeat, and well priced luxury homes continue to be in high demand and now, as we move into 2014 luxury homes in Avalon and Stone Harbor are thriving with 15 Sales in Avalon over Million Dollars since January 1, 2014.
Average list price of these properties was $2,052,437 , and average SOLD price was $ 1,831,597. Average Days on Market =342.
Avalon Homes For Sale in Avalon, N.J. as of April 30, 2014
There are now 170 single family homes for sale in Avalon as of April 30, 2014.
Average list price: $2,494,974
Average days on Market: 269 days
There are now 30 Single Family Avalon Homes Now Under Contract with average list price of $1,516,576
Average list price: $1,516,576
Average Days On Market = 251
11 Single Family Homes have SOLD in Avalon since March 11, 2014
Average list price: $1,944,818
Average SOLD Price: $1,749,380
Average Days On Market = 401 days
SOLD Year To Date IN Avalon In Last Year -109 Single Family Homes SOLD in Avalon since April 30, 2013
Average List price was $1,735,870
Average SOLD price was $1,600,927
Average days on market = 244 days
Avalon Condo/Townhouse Now For Sale As Of April 30, 2014
There are now 73 Condo/townhouse properties for sale in Avalon with an average list price of $653,446
There are now 13 Condo/townhouses in Avalon Now Under Contract.
Average list price: $846,223
Average Days on Market = 117 days
64 Condo/Townhouses in Avalon have SOLD in a year, since April 30, 2013
Average list price $684,571
Average SOLD price = $650,689
Average Days On Market = 220 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? Let’s Talk. 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 Avalon area.
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. It is important to understand you must price you property competitively from the very start and you will see immediate activity, and a contract!
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'm just a phone call away. I love to talk Real Estate! My Business is built on referrals which are always appreciated!
https://facebook.com/NancyMAlexanderRealEstate Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate
