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 14 Sales in Stone Harbor 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.
Stone Harbor N.J. Real Estate Sale Update As Of April 30, 2014
The current supply of houses for sale in Stone Harbor is shrinking.
There are now 88 single family homes for sale in Stone Harbor as of April 30, 2014.
Average list price: $2,360,111
Average days on Market: 246
There are now nine Single Family Stone Harbor Homes Now Under Contract with average list price of $1,517,988
Average list price: $1,517,988
Average days on Market = 144 days
Nine Single Family homes in Stone Harbor have SOLD since March 11 ,2014
Average List price was $1,792,777
Average SOLD price was $1,635,988
Average days on market = 312
73 Single Family Homes SOLD in Stone Harbor since one year ago April 30, 2013
Average List price was $2,011,575
Average SOLD price was $1,825,283
Average days on market = 266
Stone Harbor Condo/Townhouse now For Sale In Stone Harbor N.J.
There are now 59 Condo/townhouse properties FOR SALE in Stone Harbor with an average list price of $660,083
Average Days On Market =293
There are now 6 Condo/townhouses in Stone Harbor Now Under Contract.
Average List Price is $539,666
Average Days on Market = 376 days
42 Stone Harbor Condos have SOLD in last year since April 30, 2013 with average List price $657,335, and Average SOLD price of $614,558, and average days on market = 258 days
Average List Price $657,335
Average SOLD Price $614,558
Average days on market = 258 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
