How is the Stone Harbor and Avalon Real Estate Market? Here are MLS Facts March 2008

Stone Harbor Real Estate Market Snapshot as of March 19, 2008
There are now 124 single family homes for sale with an average list price of $2,392,192 and Currently the Average Time these homes have been on the market is 208 days

Currently, there are 7 single family homes now under agreement ranging from $989,000 to $3,795,000
.
An additional 8 Properties have SOLD and Settled since 1/1/2008 for prices as low as $898,000 and all the way up to a whopping $8,500,000.

There are 73 Condos now for sale in Stone Harbor ranging in price from $225,000 to $1,899,000.

There are now four Condos UNDER CONTRACT in Stone Harbor. These range in price from $399,000 to $1,150,000
Two Condos have SOLD since 1/1/2008.One sold for $495,000 and one for $500,000

Avalon Real Estate Market Snapshot as of March 19, 2008


There are 93 single family homes for sale right now ranging in price from $815,000 to $6,499,000.

There are now 17 single family homes in Avalon UNDER CONTRACT ranging in price from $779,000 to $4,750,000.
20 Single family homes have SOLD since 1 /1 /2008 with sold prices ranging from $457,000 to the highest price sale at $3,200,000.

There are now 139 condominiums for sale in Avalon. These range in price from $185,000 to $2,495,000
There are now 10 condos UNDER CONTRACT since 1/1/2008.

4 Condos have SOLD since 1/1 /2008 ranging in price from $850,000 to $1,650,000


Call me......I love to talk Real Estate!
Nancy M. Alexander CRS, GRI ,e-PRO
Direct:800.708.5792
Cell:609.425.7521
http://Nancy@NancyMAlexander.com
www.NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Stone Harbor Real Estate Activity

Statistics show 100 single family homes now on the market. Four single family homes now under contract.
Average list price is $1,835,395

Here are the latest MLS statistics for Condo/Townhomes There are Currently 77 condos for sale, two are under contract and one has been Sold since 1/1/2008 .Average list price is $822,841,and average time on the market of 77 days.

17 vacant Lots in Stone Harbor are now for sale..One lot is under contract, and two lots have been sold since 1/1/2008.Average time on market is 288 days.The Average list price is $2,135,588

There are now 21 Multi-family properties for sale in Stone Harbor and one is now under contract.

If you are buying or selling a home here at the shore, or if you would just like more property information,please e-mail me at http://Nancy@NancyMAlexander.com
http://NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

The 411 Basics On Short Sales

Real Estate “Short Sales” have been getting some attention in the news lately. But just what is a “Short Sale?”
Simply put, a short sale is the sale of a mortgaged property that results in the mortgage holder receiving less that what is owed to them. The mortgage holder is “shorted” part of the mortgage balance.

In order to do a short sale, the bank or mortgage company must agree to it. But why would they agree to take less money?

The answer; banks don’t like owning, maintaining or selling houses. It interferes with their main business of lending, managing and investing money.

If you find yourself in the position of having to sell your house and you don’t have the equity in your house or cash reserves to pay the mortgage off in full, a short sale may help you out.


Here’s how to go about doing a short sale, step by step:
1. Determine the current market value of your home.
2. Add up all of the selling costs you will need to pay.
3. Find out what the payoff amount is on your current loan(s).
4. Do the math, subtract the loan balance & the selling costs from the market value.
5. Call your lender and ask for the “loss mitigation” department or a supervisor. Explain your situation to them.
6. Ask them what their procedures are for a short sale. If they are willing to work with you, get all the forms and requirements and see if you can work out an agreement. Be prepared to convince them your case deserves consideration. They will probably want a financial statement with all your bills and assets shown. They may even want to see your household budget. Don’t take it personally, it’s just business.
7. Sell the house. The bank will probably be involved with most of the contracts and offers.

The biggest mistake made by home owners in financial trouble is not getting in touch with their lender. Almost all lenders would rather work things out with you than take back your home. Especially in today's market.

Questions? Comments? Give me a call at 800.708.5792 or E-mail me at Nancy@NancyMAlexander.com. I love to talk Real Estate!

www.NancyMAlexander.com

Staging Your Home For Sale Checklist

Just recently I heard a great line on one of those Real Estate TV shows .The Realtor said to the seller that “not staging your home for sale is like going to a job interview in your pajamas.” Isn’t that great? I love that line! And besides being funny, it is also very true. You only have one chance to make a good First Impression.

Remove all clutter from the house.
Are countertops free and clear?
Have you removed unnecessary furniture throughout the house?
Remove the art gallery and coupon collection from the refrigerator.

Check the bathrooms.
Are the surfaces clean and clear?
Are shower curtains and doors hung properly?
Is the flooring clean and fresh?
Are towels neatly hung?

Check the walls.
Is paint and wallpaper fresh and clean?
Are the walls free from holes?
Are there any colors or objects on the walls that need to be removed?

Check the floors.
Is the carpet clean and free from stains?
Are hard surface floors clean and free from stains?

Check windows and window coverings.
Are all your windows clean?
Are draperies and blinds clean?

Pet check.
Are there any signs that this is a pet's home? Be sure to clean and remove kitty litter, pet toys and bedding.

How's the aroma?
Try to air out the home prior to showings.
If air freshener is necessary, use well before showings as a consideration to those with allergies.

To Set the mood prior to showings.
Open all the draperies and blinds.
Turn on the radio to a nice classical music station and keep the volume low.
If you have time, bake a batch of cookies .Everyone loves the smell of fresh baked cookies!

http://Nancy@NancyMAlexander.com
http://NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Stone Harbor Condo/Townhouse Market Snapshot

Right now there are 47 condos on the market in Stone Harbor with average listed price of $690,511 and average days on market =254.
There are 25 townhouses on the market with average listed price of $690,511 and average days on market=254.
There are now two under contract with average list price of $574,450 and days on market = 97.
Two have SOLD with average sale price of $497,500 and average days on market = 82.
Nancy@NancyMAlexander.com
www.NancyMAlexander.com

Stone Harbor Single family Homes Sold and Under Contract from 1/1/2008 to 3/3/2008

There are now 127 single family homes in Stone Harbor on the sale market. Average days on market = 193
Average listing price of a single family home in Stone Harbor is $2,415,913
There is now one single family home under contract (listed at $989,000) and on market 40 days.
7 listings have been SOLD since 1/1/2008 with median price of $2,185,000 and average time on market of 206 days.

If you would like more information on Stone Harbor property,please email me at
Nancy@NancyMAlexander.com and I will get back to you right away.
or call me at 800.708.5792
www.StoneHarborRealtor.com

Avalon Single family Homes Sold since September 07

Multiple Listing Statistics show 44 single family homes have SOLD in Avalon since September 1st to present (2/28/08) with Average sale price of $1,746,091 and average days on market 289.

Nancy@NancyMAlexander.com
www.StoneHarborRealtor.com

Beachfront Homes SOLD in Stone Harbor since September 2007

#1 83rd street, 50x110 lot. 4 bedrooms, 3 baths.Was Listed for $4,295,000 and Sold 9/21/07 for $3,650,000

#4 107th street 75x100 lot. 7 bedrooms, 3 baths was Listed for $6,150,000 and Sold 9/29/07 for $5,450,000

#1 105th street 50x108 lot. 4 bedrooms, 3 baths was Listed for $4,395,000 and Sold 10/16/2007 for $3,500,000
Please e-mail me for more Stone Harbor beachfront property information.

Nancy@NancyMAlexander.com
www.StoneHarborRealtor.com