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Thursday, January 24, 2019

Avalon and Stone Harbor NJ Weekly Update January 24th, 2019 #RealEstate #NJ


Cape May County had a beautiful view of the total lunar eclipse that occurred overnight January 20th & 21st!


LUNAR ECLIPSE!  The total lunar eclipse that occurred Sunday night into early Monday morning was easily visible from Cape May County, and provided enjoyable sky watching despite frigid temperatures.  Skies were clear Sunday evening, and for those willing to bundle up against overnight lows in the teens—and gusty winds that dropped wind chills to zero—the moon put on a show that lasted several hours from start to finish. The “Super Blood Wolf Moon” is so-named due to several factors: it’s a “supermoon,” because the moon is at its closest point to earth, and thus appears larger and brighter than usual; it’s a “blood” moon due to the red glow it takes on during the actual eclipse, thanks to refracted sunlight, similar to the red light we see during a sunrise or sunset; and a full moon in January is a “wolf” moon, said to be named by Native Americans, since wolves howl in hunger during the full moon in January.  Other total or partial eclipses will be visible from various parts of the world over the next couple of years, but North America will not see another total eclipse until May 2021, followed by another in May 2022.

MARKET STATS:  25 units were sold during the month of December, while the median sale price increased to $1,595,000, as the number of active listings fell to 214.   For a detailed look at December’s market stats, see the latest Long & Foster Market Minute:



View The Latest Long & Foster Market Minute Report  |  Download/Print PDF

FACTORS STILL DRIVING THE MARKET include strong demand for properties and low interest rates.   Buyer demand continues, with 2018 seeing 412 sales in the local market, virtually matching 2017’s figure of 424.  Interest rates, which despite recent fluctuations are still low by historical standards, make mortgages affordable.  Strong rentals in recent years means rental income helps to pay your mortgage, too!

ICE FORMED on portions of the back bays after several days of cold temperatures were followed by a blast of frigid air, along with lows in the teens and highs in the twenties.  The ice that formed was only a thin layer in shallow areas, and not enough to threaten pilings or docks.  A warm up in the latter part of this week is expected to melt any remaining ice.

NO SMOKING ON BEACHES:  A new law went into effect last week banning smoking on New Jersey beaches.  The legislation was signed by Governor Phil Murphy last summer and applies to all public beaches in the state, although there is a provision in the law allowing municipalities to carve out designated smoking areas if they choose.

TAKE A PLUNGE:  Up for a pre-season plunge into the chilly ocean water?  Mark your calendar for three chances to do it!  The first is Sea Isle City’s Polar Bear Plunge on February 16th.  Next up are the Stone Harbor Shiver and the Cape May St. Paddy’s Day Plunge, with both taking place on Saturday, March 16th.   Don’t worry, the ocean water temperature is currently a refreshing 42 degrees!

TAKE A PLUNGE OF A DIFFERENT SORT!  Why not make 2019 your year and finally purchase your very own vacation home at the shore?  With attractive interest rates, and rental income to help pay the mortgage, you may be surprised at how affordable it is!  Let’s take a look at the numbers together and see if it works for you!

SLACK TIDE BREWING COMPANY is collecting donations to benefit members of the Coast Guard community at the Cape May Training Center.  Initially they were collecting food donations, but the response has been so overwhelming that the food bank at the base is over flowing and the surplus is being sent to other Coast Guard installations in New Jersey and Delaware.  However, the need for cash (or check) donations remains.  The cash (or check) is converted to gift cards which are distributed to Coast Guard families for the purchase of gasoline and other essential non-food items.  The need is considerable.  If you can donate, checks can be dropped off at the brewery at 1072 Route 83 in Clermont, Dennis Township, Wednesday through Sunday.  For Slack Tide’s hours of operation please visit www.SlackTideBrewingCo.com

UPCOMING EVENTS:
  • Wetlands Institute Covered Dish Dinner with Guest Speaker, $7 for members, $12 for non-members, bring a dish to share, 6PM, Friday, January 25
  • Windows Computer & Android Smart Phone Drop-In Tech Workshop, help with your computer, phone, software or an app, Avalon Free Public Library, 10AM-11:30AM, Saturday, January 26
  • Fire Pit Friday at the Willow Creek Farm & Winery, music, full wine & tapas menu, 609-770-8782 for info & reserved seating, 5:30-9PM, Friday, February 1
  • Presentation by historian Jerry McNeff, “John & Abigail Adams, The 1st American Power Couple,” Avalon Free Public Library, 1-2PM, Saturday, February 2
  • Friend in Need Super Bowl Bash, silent auction, raffle, big screen TV’s, food, beverages, The Princeton, beginning at 4:30PM, Sunday, February 3
  • Avalon Home and Land Owners Association meeting featuring a guest speaker from Cape Express, Avalon’s Senior Center, 10AM, Saturday, February 9
  • Genealogy & Ancestry with Casey Zahn, learn about your family history & tracing your roots, register at 609-967-7155, Avalon Free Public Library, 2-4PM, Saturday, February 9
  • Wine & Chocolate Wine Trail Weekend at Hawk Haven Vineyard, Saturday, February 9
  • Sea Isle City Polar Bear Weekend, festivities all weekend with the plunge on Saturday, February 16 at 2PM, Friday-Sunday, February 15-17
  • Avalon Beach Party, bring the kids for an indoor beach party including the limbo, music, crafts and a game, Avalon Free Public Library, 10-11AM, Saturday, February 16
  • Creative Writing Seminar, tips & feedback on poetry, stories, books, etc. register at 609-967-7155, Avalon Free Public Library, 10AM-Noon, Saturday, February 16
  • Beck’s Philadelphia Brigade Band, music from an authentic Civil War era brass band performed in dress uniform to commemorate Presidents’ Day, Avalon Free Public Library, 2-3PM, Saturday, February 16
  • Uncorked Comedy at Willow Creek Farm & Winery, 3 course wine paired dinner & comedy show, 6-10PM, Saturday, February 16
  • Pick a Language to Learn with Cathy Zane using numerous offerings in Rosetta Stone or Mago, Avalon Free Public Library, 10-11:30AM, Saturday, February, 23
  • Windows Computers & Android Smart Phone Drop In-Tech Workshop,  help with your computer, phone, software or an app, Avalon Free Public Library, 11:30AM-1PM, Saturday, February 23
  • The Storm of ’62 Slide Show depicting the storm & its impact, Avalon History Center at 215-39th Street, 1-2PM, Saturday, March 2


Featured Property:

Just a couple blocks to Avalon’s beach, with a rental history of $75,000!


2118 First Avenue, Avalon, $1,649,000, ACTIVE MLS#: 183996


New Listings:
 
103 30th Street, Avalon, $615,000, ACTIVE MLS#: 185744

76 W. 28th Street, Avalon, $899,000, ACTIVE MLS#: 185670

161 22nd Street, Avalon, $1,495,000, ACTIVE MLS#: 185697

7888 Dune Drive, Avalon, $1,699,999, ACTIVE MLS#: 185665

258 89th Street, Stone Harbor, $2,625,000, ACTIVE MLS#: 185647

141 95th Street, Stone Harbor, $2,649,000, ACTIVE MLS#: 185704

158 36th Street, Avalon, $2,895,000, ACTIVE MLS#: 185715

7428 Ocean Drive, Avalon, $3,195,000, ACTIVE MLS#: 185720

2689 Avalon Avenue, Avalon, $3,395,000, ACTIVE MLS#: 185653

27 Flamingo Drive, Avalon, $3,495,000, ACTIVE MLS#: 185698

56 E. 17th Street, Avalon, $3,499,000, ACTIVE MLS#: 185662

139 108th Street, Stone Harbor, $3,795,000, ACTIVE MLS#: 185651

8 93rd Street, Stone Harbor, $4,295,000, ACTIVE MLS#: 185702


Properties Under Contract:

1114 Stone Harbor Boulevard, Stone Harbor Manor, $649,000, UNDER CONTRACT MLS#: 184732

378 83rd Street, Stone Harbor, $675,000, UNDER CONTRACT MLS#: 183290

247 22nd Street, Avalon, $725,000, UNDER CONTRACT MLS#: 185718

129 18th Street, Avalon, $1,425,000, UNDER CONTRACT MLS#: 185127

198 10th Street, Avalon, $1,949,000, UNDER CONTRACT MLS#: 184189

286 76th Street, Avalon, $2,150,000, UNDER CONTRACT MLS#: 184371



Properties Sold:

9501 Sunset Drive, Stone Harbor, $402,400, SOLD MLS#: 183794

545 22nd Street, Avalon, $675,000, SOLD MLS#: 185076

355 40th Street, Avalon, $707,500, SOLD MLS#: 184402

351 40th Street, Avalon, $707,500, SOLD MLS#: 184403

246 45th Street, Avalon, $1,300,000, SOLD MLS#: 184415

211 118th Street, Stone Harbor, $1,800,000, SOLD MLS#: 184562










Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com