Avalon New Jersey Real Estate Sales Update As of June 6, 2015

Avalon NJ Homes For Sale as of June 6, 2015



Below is an overall look at sales statistics according to Cape May County Multiple Listing Service to sum up activity in Avalon N.J. as of June 6, 2015


Sales in the luxury market in Avalon and Stone Harbor NJ are thriving . If you are thinking of Selling , there has never been a better time, but correct pricing is crucial in selling your home at a proper price .

An Improperly properly priced home will languish on the market month after month and will only help sell competing properties.

Avalon Homes For Sale in Avalon, N.J. as of June 6,2015

There are now 107 single family homes that are currently on the market in Avalon N.J., so if you’re on the hunt for a beach house, there has never been a better time to buy!
Average list price: $2,671,708

Average days on Market:289 days

Under Contract– Even Though these homes have not yet closed, homes under contract are an excellent indicator of value in this market. There are now 32 Single Family Avalon Homes Now Under Contract with average list price of $ 1,928,340

Average list price: $ 1,928,340

Average Days On Market = 250 days


27 Single Family Homes have successfully SOLD in Avalon since April 25, 2015


Average list price: $2,122,740

Average SOLD Price: $ 1,937,481

Average Days On Market = 350 days


153 single family homes SOLD Year To Date In Avalon In Last Year as of today June 6, 2015

153 single family homes were Successfully SOLD Single Family Homes in Avalon since year ago June 6, 2014

Average List price was $ 1,877,924

Average SOLD price was $ 1,727,751

Average days on market = 261 days



Avalon Condo/Townhouse Now For Sale As Of June 6, 2015


There are now 53 Condo/townhouse properties for sale in Avalon with an average list price of $699,386 and average days on the market is 206 days .

Average list price: $ 699,386

Average Days on Market = 206 days



There are now 12 Condo/townhouses in Avalon Now Under Contract.

Average list price: $948,325

Average Days on Market = 93 days



16 Condo/Townhouses in Avalon have SOLD since April 25, 2015

Average list price:$ 747,081

Average SOLD price:$ 698,437

Average Days on Market =247 days


77 Condo/Townhouses in Avalon have SOLD in the last year, since June 6, 2014

Average list price $754,357

Average SOLD price = $716,857

Average Days On Market = 249 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. Call me! I'm just a phone call away. I love to talk Real Estate!

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 let me know how I can help. I can provide Real Estate Market specifics for nearby communities regions around Avalon and Stone Harbor N.J.. It is important to understand you must price you property competitively from the very start and you will see immediate activity... and a contract!

My Business is built on referrals which are always appreciated!


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Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

All We Said Was…10,000 Houses Will Sell Today

Don't Pay Attention To The Scary Headlines Coming!

by THE KCM CREW on SEPTEMBER 15, 2010
There are going to be some tough headlines written about the housing market over the next several months. They may create apprehension and in some cases outright fear. The good news is these headlines will not reflect what is actually taking place in real estate. Some in the industry say we should just ignore this media blitz of problematic stories. That would be similar to trying to ignore a growling creature lurking in the shadows in the corner of the room. Instead, we want to shine a bright light into that corner to honestly evaluate how dangerous the creature actually is.



PROBABLE HEADLINE: Sales Plummeting. Housing Market Crashing


THE FACTS: The National Association of Realtors’ Pending Sales Report is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.


The pending sales reports covering September, October and November will be UGLY. The reason is that the houses going into contract in those months this year will be compared to the same months last year. In 2009, sales were skyrocketing as we headed toward the original termination of the Homebuyers’ Tax Credit on November 30. It will appear as though this year’s sales fell off a cliff in comparison. The headlines will be brutal.


Actually, the tax credit just pulled sales forward. Last fall and winter, pending sales dropped dramatically after November 30. Over the next six months, approximately the same number of homes will go into contract as did last year during this period. They will just be spread more evenly over the six months.


The National Association of Realtors’ Existing Home Sales Report is based on home closings. The extended tax credit expired on April 30 this year. Like last year, the tax credit pulled demand forward, this time from the summer months. That left a vacuum of homes going into contract during this past summer. That vacuum will create a lack of closed sales throughout the next few months.


Actual sales will be approximately the same as last year. However, because the tax credit moved sales into different time periods, both the pending sales reports and the existing sales reports will appear very weak over the next few months.


The Bottom Line
The headlines will be reporting ‘doom & gloom’. In reality, the market will be no worse than last year. There will be no reason to fear the creature in the corner. It will be a figment of a misinformed media’s imagination.



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate