Stone Harbor N.J. Real Estate Update as of October 7, 2014

Stone Harbor N.J. Real Estate Update as of October 7, 2014



We’re sure you’ve noticed, the Real Estate market is HOT right now in Stone Harbor N.J.!
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 in 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. Correct pricing is crucial in selling your home at proper price . An Improperly properly priced home will languish on the market month after month and will only help sell competing properties.

Competitive properties for sale – Even though these are not yet sold, these are important, as buyers will compare these properties with yours.
There are now 87  single family homes for sale in Stone Harbor as of October 7, 2014.

Average list price: $ 2,206,037

Average days on Market: 224

Under Contract– Even Though  these homes are  have not yet closed, homes under contract are an excellent indicator of value in this market.There are now 16  Single Family Stone Harbor Homes Now Under Contract with average list price of $1,744,062

Average list price: $1,744,062

Average days on Market =178  days


 26 Single Family homes in Stone Harbor have successfully SOLD since June 15, 2014
Average List price was $1,994,269 
Average SOLD price was $1,837,056
Average days on market =  262

65 Single family homes were Successfully SOLD  in Stone Harbor since one year ago October 7, 2013
Average List price was $1,951,306
Average SOLD price was $ 1,775,300
Average days on market =  287

 Stone Harbor Condo/Townhouse now For Sale In Stone Harbor N.J.

There are now 42  Condo/townhouse properties FOR SALE in Stone Harbor with an average list price of $593,709
Average Days On Market = 280

There are now 10 Condo/townhouses in Stone Harbor Now Under Contract.
Average List Price is $769,090
Average Days on Market = 216 days

17  Stone Harbor Condos have SOLD in last year since June 15, 2014 with average list price of $699,205 , and average SOLD price of $664,058  with 326 average days on the market.

 38 Stone Harbor Condos have SOLD in last year since October 7, 2013 with average List price $647,939 and Average SOLD price of $613,960 , and average days on market = 335   days

Average List Price $647,939 
Average SOLD Price $613,960 
Average days on market =335  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? 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

Update of Stone Harbor Real Estate Market Activity for April 12th to April 20th,2009

Update of Stone Harbor Real Estate Market Activity for April 12th to April 20th,2009

Understanding the general direction of the current market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Stone Harbor or Avalon
Stone Harbor Real Estate Market Activity Report for April 12th to April 20th,2009.


There are currently 116 homes currently for sale in Stone Harbor ranging in price from $475,000 for a two bedroom home on Weber Court to $5,990,000 for a beach front home on 97th street.

Stone Harbor Consumer Confidence is evident! More homes Under Contract recently than we have seen in a while.

There are six single family homes currently Under Contract.
356 89th street, a 3 bedroom, 1 bath home listed for $990,000, went Under Contract on 10/9/2008 and goes to settlement 3/28/2009.This has been on market 434 days.
4/20/2009. This has been on market 206 days
222 108th street listed at $998,000 goes to settlement 6/1/2009
100 108th street listed at $1,750,000 goes to settlement 6/8/2009
8626 First Avenue listed at $5,195,000 goes to settlement 5/15/2009
8726 Sunset Drive listed at $1,099,000 goes to settlement 6/1/2009
9911 Sunrise Drive listed at $2,495,000 goes to settlement 4/30/2009

8626 First Avenue, a 5 bedroom,3 bath Victorian home on a 110x110' beach block lot with pool is listed for $5,195,000 went Under Contract 2/27 and goes to settlement 5/15/2009. This has been on the market 281 days.

9911 Sunrise Drive is a 4 bedroom, 2 bath bay front home on a 95.9x110 lot listed for $2,495,000 .It has been on market 120 days and goes to settlement 4/30/2009

8726 Sunset Drive is a 4 bedroom,2 bath home on a 35x80 lot listed for $1,099,000 and goes to settlement 6/1/2009. It has been on market 239 days.

Stone Harbor Single Family Homes SOLD
165 93rd street, a 3 bedroom,2 bath home on a 50x110 lot , listed for $1,395,000 went Under Contract on 3/1/2009 went to settlement 4/20/2009 SOLD for $1,281,000 after 256 days on market
43 Weber Court, listed at $559,000 went to settlement 4/15/2009 SOLD for $508,000 after 58 days on market

Stone Harbor NJ Condo Sale Activity April 5th to April 12th 2009


There are currently 65 Stone Harbor condos currently for sale ranging in price from $174,900 for an efficiency unit at 10120 Third Avenue up to $1,725,000 for a 5 bedroom, 3.5 bath townhome with pool at 261 89th street.

Average asking price is $722,462
Average Days on the market - 283 days
Two Condos are now Under Contract in Stone Harbor

A beach front condo 9600 First Avenue Unit #1 is now Under Contract after only 81 days on market. Listed for $845,000, and goes to settlement on May 15th .
A Carnival Bay unit at 10808 Sunset is Under Contract after 300 days on the market. Listed for $725,000,This goes to settlement May 9,2009


The data for this market report is based on statistics provided from the Cape May County MLS (private sales are not included)

Interest rates continue to be in the 5% range for conforming loans. 6% for loans over $417,000 and just like the "old days", lenders want verification of income to qualify for the loan, and good credit.

The overall price increase for properties in Stone Harbor and Avalon from 1998 to 2008 was 180.99%! This reflects an appreciation rate of 18.9% according to The Otteau Report .
With historically low mortgage rates and huge inventory and sellers willing to negotiate, buyers are jumping in realizing it does not get better than this.
If you are interested in purchasing a summer home, take advantage of the current market and send me an e-mail with your wish list. You'll be pleasantly surprised with the options available. There is something here now for everyone.
e~mail me at Nancy@NancyMAlexander.com, or Call me! I love to talk Real Estate! Call my cell @ 609.425.7521 or Direct Line @ 800.708.5792

Please visit The Address For Luxury Real Estate and see Hundred of Stone Harbor and Avalon Rental & Sale Properties at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor.
:

Great Article in The Washington Post with some good news on the housing market

Week April 20-24
Housing Data Could Signal If Bust Is Over
THURSDAY

Economy-watchers are searching for evidence that the housing market is starting to hit bottom. And in recent months, there has been some evidence that the end of the great housing bust may be near.
This week offers a reality check, with three key pieces of housing-related data coming out. But to interpret the data, it helps to realize that the end of the housing bust means different things, and could come at different times, depending on what data you consider.
Home sales will likely hit a bottom first -- and may have already done so. Data on existing home sales in March is scheduled to come out Thursday and new home sales on Friday. Both measures of housing activity picked up in February, a sign that between cheap foreclosed-on houses and low mortgage rates, the volume of sales may finally have stopped falling. This week's data will be a test of that thesis. Analysts are expecting a mixed bag, with new-home sales rising modestly but existing home sales falling a bit.
Whatever the March numbers say, there are good reasons to think that home sales will improve as the spring selling season gets underway. Anecdotal reports suggest that low mortgage rates and an $8,000 first-time home-buyer tax credit are coaxing buyers back into the market. And while foreclosures are set to rise as banks begin to move on delinquent homeowners, that actually could boost home sales as banks auction homes for whatever the market will bear.
The prospects are less promising for home prices, a report on which is set to come out Wednesday. Analysts expect the Federal Housing Finance Agency's price index to have fallen 0.6 percent. The new wave of foreclosures may help home sales activity but is likely to keep driving home prices down.
Time lags are another issue. Even if low rates and tax credits bring buyers back into the market, it could take months for that increased demand to meaningfully affect prices, simply because of the time it takes a person to go from deciding it's time to shop again to actually closing on a house.
NEIL IRWIN'S MUST-READS include lessons learned from the CEO of Goldman Sachs and 10 principles from professor Nassim Nicholas Taleb, author of "The Black Swan."

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.

e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate to see Hundreds of Stone Harbor and Avalon Rental and Sale Properties at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor

Market Conditions

Federal Reserve Chairman Ben Bernanke spoke yesterday on the state of the economy, noting that "if actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability--and only if that is the case, in my view--there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery."

This is welcome news for those inclined to believe the optimism.

The chairman did acknowledge that the end of the housing boom, or what some consider the bursting of the bubble, was the "immediate trigger" of the crisis our nation now finds itself in.

Bernanke continued, "Conditions in housing and mortgage markets have proved a serious drag on the broader economy both directly, through their impact on residential construction and related industries and on household wealth, and indirectly, through the effects of rising mortgage delinquencies on the health of financial institutions."

Studies and data indicate that prices continue to fall at this time, and foreclosures continue to infect the market.

The Federal Reserve has taken drastic action in the last year in order to stave off a worsening crisis in the housing market. "To support housing markets and economic activity more broadly, and to improve mortgage market functioning, the Federal Reserve has begun to purchase large amounts of agency debt and agency mortgage-backed securities. Since the announcement of this program last November, the conforming fixed mortgage rate has fallen nearly 1 percentage point," Bernanke noted.
by Carla L. Davis . Realty Times

Published: February 25, 2009

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.

e~mail me at Nancy@NancyMAlexander or Call me! I love to talk Real Estate! Call my cell 609.425.7521

Please visit The Address For Luxury Real Estate at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor

Stone Harbor Sales Activity January 1 to January 23,2009

So was there any sales activity in Stone Harbor in January?
Check out the numbers below:
Stone Harbor Single Family Homes – January 1 to January 23, 2009 Market Recap:

106 single family homes are currently for sale in Stone Harbor with asking prices range from $525,000 to $5,990,000
Average asking price is $2,387,687
Average Days on the market - 246 days

Two single family homes in Stone Harbor are now Under Contract.
356 89th street listed for $990,000
9200 First Avenue, a Beach Block home listed for $1,985,000
No Single Family has SOLD/SETTLED in Stone Harbor as of January 23rd.

A Duplex at 241 109th street which was listed at $785,000 SOLD 1/23/2009 for $600,000 after 415 days on the market.


13 homes in Stone Harbor expired from the market during January without selling.


Stone Harbor NJ Condos – January 1 to January 23 2009. Market Recap:

53 Stone Harbor condos currently for sale

Average asking price is $732,456
Average Days on the market - 310 days

Two Condos in Stone Harbor are now Under Agreement
275 103rd street. Asking price $789,000
Days on the market-695 days

312 88th street. Asking price $399,000
Days on the market-72 days

One Stone Harbor Condo SOLD
234 84th street, which was listed for $620,000, SOLD for $620,000 on 1/14/2009 after 696 days on the market.

Are you considering a move ? If you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs. Call me ...I Love To talk Real Estate! You can reach me at Nancy@nancymalexander.com

Stone Harbor $909,000 Like New Four Bedroom Townhouse with Bay Views. Feels Like a Single Family Home! Nancy Alexander 800.708.5792

Stone Harbor $909,000! Like New 4 bedroom Townhouse with Bay Views. Feels like a single family Home .Nancy Alexander 609.425.7521 for more information. Or visit www.StoneHarborRealtor.com
Happiness Lives Here!!! If your wish list includes Rest Relaxation, and Recreation, this is for you. Relax on the deck, open some wine, and enjoy the
unforgettable sunsets and bay views. Snuggled peacefully by the bay, just moments to the beach, local boutique shops, restaurants and you have several golf courses nearby. If fishing, kayaking, beach combing or just a relaxed Sunday afternoon lunch on your deck is your style, You're going to LOVE it here.
Everything is here. Just Bring your Flip Flops. This property is in perfect condition!

Are you considering a move? If you need a summer rental ,if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

Stone Harbor Beach Front Home $3,500,000! Nancy Alexander has more information.www.NancyMAlexander.com

Stone Harbor Beach Front $3,500,000! Call Nancy Alexander 609.425.7521 for more information,or for your private showing or Visit www.NancyMAlexander.com.

Back on market at reduced price! .Best Single Family Beach Front Buy on the island!
ON THE WATERFRONT! Enormous living space here. Family friendly layout is perfect for relaxed lifestyle and large family with lots of room to spread out.
And views from everywhere! Views from living room, dining area and all the bedrooms. And four of the five bedrooms has its own bath. Stone Harbor is
home to the most beautiful stretch of beach you will find anywhere and it's right at your front door! From this convenient location you can walk to terrific
restaurants
Or, you can ride a bike or take a drive to the boutiques, shops, and Harbor Theater on 96th street. Or to Springer's for ice cream. Play tennis? The courts are just blocks away. From here, you are close to everything. There is no shortage of golf courses nearby. Ten miles to the south is historic Cape May, (a fun day
trip!) And you are just 35 minutes to the blackjack tables in Atlantic City!
Life is Good Here at The Beach!


Are you considering a move? If you need a summer rental ,if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

Avalon Sales Activity December 2008

Avalon Sales Activity December 2008

There are now 212 single family homes on the market in Avalon ranging in price from 549,000 for a 2 bedroom,one bath home at 667 22nd street,up to $12,900,000 for a Bayberry Drive home “The Marble House.”

There are currently four single family homes Under Contract in Avalon so far in December.
215 53rd street listed at $910,000
568 22nd street listed at $1,675,000
6600 Ocean Drive
2888 Ocean Drive


Four home have Sold and Settled so far in December
635 7th street listed at $1,190,000 SOLD 12/13/2008 for $1,120,000 after 304 days on the market.
594 24th street listed at $1,395,000 Sold 12/11/2008 for $1,200,000 after 213 days on the market.
56 W. 13th street listed at $1,390,000 and SOLD 12/19/2008 for $1,300,000 after 128 days on the market.
308 76th street listed at $1,995,000 and SOLD 12/4/2008 for $1,925,000 after 254 days on the market

The SOLD price analysis for 2008 shows 84% list to Sold price and average of 312 days on the market.


Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon,please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate!

www.NancyMAlexander.com

Stone Harbor & Avalon November 2008 Sale Activity

Stone Harbor Sales November 2008

There are now 108 single family homes on the market ranging in price from $529,000 for a one bedroom Weber Court house ,up to $5,995,000 for a 5 bedroom,4 bath beach front home at 115th street.

Four single family homes SOLD in November
35 Weber Court listed at $495,000 and SOLD for $447,000 after 395 days on the market.

10911 Sunset Drive listed at $1,775,000 and SOLD 12/21/08 for $1,600,000 after 86 days on the market.
8519 Third Avenue a bay front home listed at $2,300,000 and Sold for $1,750,000 after 207 days on the market.
119 90th street listed at $2,895,000 and SOLD for $2,675,000 after 732 days on the market.
There is one home now Under Contract at 356 89th street.

Compare Sales in Stone Harbor January 1 to November 10 2007 VS 2008

In 2007 there were 57 single family homes Sold to date with average list price of $2,151,380, and average SOLD price of $1,988,305

In 2008 to date there have been 43 single family homes SOLD in Stone Harbor with average list price of $2,246,288,and average SOLD price of $2,017,642

Avalon Sales November 2008-

There are now 21 single family homes on the sale market in Avalon.These range in price from $549,000 for a two bedroom home at 667 22nd street up to a whopping $12,00,000 for a four bedroom,five bath Bayberry Drive home on a 100x110 lot

There are now four single family homes Under Contract in Avalon
215 53rd street listed at $910,000
56 W.13th street listed at $1,390,000
568 22nd street listed at $1,695,000
6600 Ocean Drive listed at $1,989,000.

Four homes SOLD and went to settlement in Avalon in November.
1471 Ocean Drive listed at $699,000 and SOLD for $650,000 after 483 days on the market.
237 52nd street listed and SOLD for $985,000 after 57 days on the market.
138 21st street listed at $1,645,000 and Sold for $1,425,000 after 139 days on the market.
133 23rd street listed at $1,695,000 and SOLD for $1,600,000 after 642 days on the market.

Are you considering a move? If you need a summer rental ,if you have a property that you would like to list,or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit my website www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 800.708.5792

www.NancyMAlexander.com
It would be my pleasure to help you with your Real Estate needs.Call me ...I Love To talk Real Estate! 800.708.5792

www.NancyMAlexander.com

Stone Harbor. Luxury and Affordability....Together At Last!!

Stone Harbor New To Market! Corner of 101st and Second Avenue.Gorgeous Home! $1,890,000.

The Majestic House on the corner of 101st Street and Second Avenue, the one you have admired every time you have driven by, is FOR SALE. Its wonderful curb appeal and "center of Stone Harbor" location invites you inside where you will find an open, spacious, warm interior decorated with taste, style and color. Its traditional floor plan with first floor master suite make this house appealing to those who'd rather not face constant stair climbing. Built by Craig Otton, it has hardwood floors, built in bookcases and cupboards, gas fireplace, a kitchen with the most beautiful color of granite countertops and huge center island as a few of the amenities. The fabulous front porch allows you to sit and rock your cares away surrounded by those gorgeous hydrangeas. Upstairs there are two additional bedrooms and bath PLUS a second master suite with bath with whirlpool tub, the laundry room and two front decks. Immaculate inside, the home looks as if it hasn't been lived in. Outside it is a short hop to the beach with a Gazebo, the playground, shopping and dining. No need to use a car here. This is a house that lives up to its name , you "Chill Out" in its presence. NOTE that the house is wheelchair accessible, but the exterior lift will be removed by the owner should the buyer not want it. The home comes fully furnished and equipped with just several exceptions. Contact the agents for the list of exceptions.

www.StoneHarborRealtor.com
Are you considering a move? It would be my pleasure to help you with your real estate needs.
Want it Sold? Get It Done. Call me …I Love To talk Real Estate!
800.708.5792
http://epronar.com/whyuseepro.htm

Home Warranty How -To's

According to the Better Business Bureau (BBB), many new-home owners are unaware of the limitations on home warranties, which can cause confusion and unnecessary frustration when problems crop up and repairs are needed. To prevent this, the BBB suggests prospective buyers do some research before accepting the keys to their new home. • Find out how long the warranty company has been in business. Request a reliability report from your local BBB.
• Shop around for the best prices. Most home warranties cost between $300 and $395, but not all offer the same benefits — and make sure to factor in the deductible.
• Ask questions regarding the company’s policy on home repairs. Many have their own service contractors but others allow you to choose your own.
• Get a professional home inspection so you are aware of any possible problems that may not be covered by your warranty.
• Call the warranty company to ask questions and see how the customer service department treats you; this might indicate how you’ll be treated during future calls.
• Know what is covered and what is not. Typically, major operating systems and appliances are covered due to normal wear and tear for the first year.

Are you considering a move? It would be my pleasure to help you with your real estate needs.Call me...I Love to talk Real Estate!
www.NancyMAlexander.com

The Right Moves

The Right Moves

You found the perfect house, signed on the dotted line and are daydreaming about life in your new home. As moving day looms, it’s also time to think about packing up your many belongings. Have you found enough boxes? How to handle those precious family heirlooms and other breakables? Here are a few tips for making your big day go as smoothly as possible:
Before You Start
• Prioritize your packing list. Consider what you don’t need to take with you, what will need extra packing care and how to best organize your things.
• Estimate how many boxes you’ll need and get them well in advance of moving day. Save newspapers to line boxes.
• Consider investing in moving insurance, which will cover anydamages or breakages during the move.
Getting Under Way
• Start early. Packing always takes longer than you think.
• Begin at the top of the house first and work your way down. Attics are a great place to start sorting.
• Move from room to room, packing and labeling carefully as you go. Clearly mark boxes that contain breakable objects. Be sure to keep all boxes that belong to a certain room together. It will make it much easier when you unpack.
• Newspaper can sometimes leave marks, so wrap your valuables in bubble wrap, blankets or pillows to avoid messy newsprint.
• Keep all of your important documents, such as birth and marriage certificates,
in the same place for easy reference.
Thinking Ahead
• You likely won’t want to shuffle through boxes on your first night in your new home, or you might be traveling long distance and have your household items show up after you’ve arrived. Either way, pack an essentials box containing a change of clothes and toiletries, as well as coffee, tea, snacks, cups, plates and utensils. A small tool kit, first-aid supplies and pen and paper are also important to have on hand.