Stone Harbor Real Estate Sales Statistics Single Family and Condos Under Contract and SOLD   May 31 to June 16,2010


There are currently 124 single family homes for sale in Stone Harbor ranging in price from $479,900 for a one bedroom home at 7 Weber Court to $6,500,000 for a new beach front home at #1 105th street.

Average list price is $1,653,379 and average time on market is 312 days.


There are four single family homes currently Under Contract in Stone Harbor

 1- 381  95th street,a 3 bedroom 2 bath home on a 60x110 lot and listed at $799,000,goes to settlement 6/30/2010

2- 279 86th street,a 3 bedroom,one bath home on a 50x110 lot and listed at $998,500,goes to settlement 9/7/2010

3- 382 94th street ,a 4 bedroom,3 bath home on a 46.5x110 lot,listed at $1,199,000 goes to settlement 9/11/2010


4-153 102nd street, a 5 bedroom,4 bath home on a 55x110 lot goes to settlement 7/15/2010


Two Stone Harbor Single Family homes SOLD since May 31,2010


1- 224 91st street,a 5 bedroom,3 bath home on a 55x110 lot, listed at $1,495,000, went to settlement 6/10/2010. SOLD for $1,275,000

2-10729 Corinthian place,a 5 bedroom,1 bath bay front home listed at $1,690,000, went to settlement 6/12/2010.SOLD for $1,525,000



Stone Harbor Condo/Townhouses Now For Sale


There are now 72 condos for sale in Stone Harbor ranging in price from $309,000 for a 1 bedroom,1 bath unit at 9511 Sunset Drive to $1,095,000 for 3 bedroom, 2.5 bath unit at 9508 Sunset Drive.



The average list price is $655,173 and average days on market is 242 days

There is one Stone Harbor condo now Under Contract

1-205 94th street,west unit,a 4 bedroom,3 bath unit listed for $895,000,goes to settlement 9/22/2010


One condo in Stone Harbor SOLD since May 31, 2010

 1-366 93rd street, a 4 bedroom,3 bath unit listed at $950,000, went to settlement 6/5/2010.Sold for $915,000



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


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.

You can reach me by 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 at http://www.nancymalexander.com// . I'd love to be your Realtor

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Check out the June and July Stone Harbor Events Schedule!

  Stone Harbor 17 Upcoming Events!

• 7 Mile Restaurant Week
  Today, June 4 at 12:00am
• 
  
  
  
  

  Annual Tour of   Homes

• Stone Harbor, NJ
  Tomorrow, June 5 at 1:00pm
• 
  
• Farmers Market
  Water Tower
  Sunday, June 6 at 8:00am
• 
  
• Bird Sanctuary Tours
  Stone Harbor Bird Sanctuary
  Sunday, June 6 at 10:00am
• 
  
• Ballroom Dancing Classes Beginner & Intermediate
• Start Time:
• Monday, June 7, 2010 at 6:00pm
• End Time:
• Monday, August 23, 2010 at 6:00pm
• Location:
• Stone Harbor, NJ

  

Stone Harbor Monday, June 7 at 6:00 pm
• Wild and Scenic Film Festival
  Wetlands Institute
• 
  Friday, June 11 at 6:00pm
• For the Birds...Party
  96th Street
  Saturday, June 12 at 5:30pm
• 
  
• Free Wednesday Concerts
  Stone Harbor, NJ
  Wednesday, June 23 at 6:00 pm
• 
  
• Ron Jaworski's Jaws Youth Fund...
  82nd Street Park
  Sunday, June 27 at 9:00am
• 
  
• Free Family Nights
  Firehouse Parking Lot
  Monday, June 28 at 7:00pm

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Pausing for a moment to remember, and give thanks to, those who have served our country and given their lives  to defend it.

To All the Men and Women, Past and Present Who Have Defended OUR FREEDOM, in Peace Time and in War! THANK YOU!!! GOD BLESS AMERICA!


A Veteran is someone, who at one point in their life, wrote a blank check payable to the United States of America for an amount up to, and including, their life. Too many people in this country have forgotten this.
On this day of remembrance to all men and women in uniform and their families, a grateful nation
thanks you this Memorial Day and everyday.We will never forget Freedom is not free.
Take a look  at The Pioneer Woman's Coming Home series in honor of Memorial Day. Wow. http://tinyurl.com/4ckycf


"I hate war as only a soldier who has lived it can, only as one who
has seen its brutality, its futility, its stupidity. -Dwight D. Eisenhower



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

In time for spring house-hunting, an end to Fed’s role

As spring real estate season kicks in and the tax-credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months.

On March 31, the Federal Reserve will stop buying mortgage-backed securities from Fannie Mae and Freddie Mac, returning control of interest rates to private investors.

For months, industry observers have predicted that once government supports are removed, interest rates will rise quickly, pushing many of the first-time buyers critical to housing's recovery out of the market.

In late summer and fall 2009, lured by fixed 30-year mortgage rates under 5 percent and the first $8,000 tax credit, which expired Nov. 30, first-timers pushed sales of previously owned homes to the highest levels in at least three years, reducing record inventories and braking price declines.

That tax credit was renewed Nov. 5 and expanded to buyers who had not purchased a property in five years, although the credit for repeat buyers is $6,500.

The second credit expires April 30, is unlikely to be renewed, and remains the engine moving buyers.

"Not a single one has expressed concern about interest rates," said Cheryl Miller of Long & Foster Real Estate in Blue Bell, acknowledging that "there is, I suppose, a false sense of security regarding rates remaining low."

As the date for the Fed pullout approaches, analysts now generally agree that an immediate rate spike is no longer the likely result.

"We think there will be a significant increase in private demand [for mortgage-backed securities] to take the place of the Fed," said David Berson, chief economist at PMI Group in Walnut Creek, Calif. Not enough to offset the Fed's departure, he said, with rates possibly increasing a quarter of a percentage point, "but a significant one."

Bankrate.com columnist Holden Lewis said rates are so low now - averaging 4.87 percent for a 30-year fixed this week - that an increase "is inevitable. But maybe they'll rise gradually instead of jumping" April 1.

The Fed says it will stop buying "by" March 31 instead of "at" the end of the month, meaning that it likely has reduced its purchases and rates haven't risen, Lewis said.

Moody's Economy.com chief economist Mark Zandi, based in West Chester, said rates will "drift" higher in summer and fall, with the half a percentage point the Fed's action cut working its way back in - mainly because investors believe the government would return if they got too high.

For that reason, Philadelphia mortgage broker Fred Glick said, rates won't change.

"If the old buyers don't come back, the Fed will intercede again to ensure rates during a continued slowly recovering economy will not go so high as to stymie a positive direction," Glick said.

Buyers of these securities "now see that the lenders have instituted rigorous standards to ensure that the Fannie Mae and Freddie Mac paper they are buying are very good loans," he said.

On the other hand, said Holland, Bucks County-based economist Joel L. Naroff, low rates are not sustainable, and "the only way to get the market to stand on its own is to get people to become realistic again about prices and rates."

Rates will likely rise, but "the level will still be historically low," Naroff said.

When rates do rise, likely by year's end, it won't be because of the Fed's action, but "natural macroeconomic forces" like a recovering economy and the high budget deficit, said Lawrence Yun, National Association of Realtors chief economist.

The possibility of renewed Fed intervention will likely prevent rate increases resulting from private investors demanding large risk spreads, said economist Brian Bethune of IHS Global Insight in Lexington, Mass.

As a result, Bethune and IHS economist Patrick Newport believe, the rate will be at only 5.25 percent by the fourth quarter.

Many Fed officials have emphasized that "high unemployment and tame inflation warrant a continued promise to hold rates very low for a long time," said Peter Buchsbaum, of Arlington Capital Mortgage in Horsham.

Some analysts expect the expansion to ease, "and I am sure the Fed does not want to extinguish the fragile recovery," Buchsbaum said.

Treasury bond yields "did not move much after the Fed completed its $300 billion in purchases in November," said Jerome Scarpello, of Leo Mortgage in Spring House, "meaning they were able to exit and not disrupt that market."

Rates will rise, he said, but not as high as the one percentage point others predict.

"With unemployment high and foreclosures an issue, a significant rate increase can push home prices down," Scarpello said, "and hamper the slight recovery we now have.

By Alan J. Heavens

INQUIRER REAL ESTATE WRITER

"








Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Stone Harbor Real Estate Activity Update for March 4 to March 25, 2010

Stone Harbor Real Estate Sales Statistics Single Family and Condos Under Contract and SOLD March 4 to March 25, 2010

Stone Harbor Real Estate Activity Update for March 4 to March 25, 2010


There are currently 105 single family homes for sale in Stone Harbor, ranging in price from $499,000 for a two bedroom home on Linden Lane to $6,500,000 for a new beach front home at #1 105th street.


Average list price is $2,207,436 and average time on market is 323 days.


There are six single family homes currently Under Contract in Stone Harbor


1- 338 93rd street, a 4 bedroom,2 bath home on a 55x110 lot listed for $949,000,goes to settlement on 3/26/2010



2-149 106th street, a 3 bedroom,1 bath home on a 50x110 lot listed at $1,299,000 goes to settlement on 3/31/2010



3-8500 Pennsylvania Avenue, a 4 bedroom,2 bath home on a 75x110 lot and listed at $1,800,000 goes to settlement 5/3/2010


4-12 90th street, a 4 bedroom ,3 bath beach block home listed for $1,995,000 on a 69x73 lot, goes to settlement 4/15/2010



5-131 97th street, a 5 bedroom,4 bath home on a 50x110 lot, goes to settlement 4/30/2010



6-153 102nd street, a 5 bedroom,4 bath home on a 55x110 lot goes to settlement 7/15/2010



One single family home SOLD in Stone Harbor since 3/4/2010



1- 298 90th street , a 6 bedroom,6 bath home on a 98x110 lot and listed for $2,095,000, SOLD 3/10/2010 for $2,050,000



Stone Harbor Condo/Townhouses Now For Sale

There are now 65 condos for sale in Stone Harbor ranging in price from $309,000 for a 1 bedroom,1 bath unit at 9511 Sunset Drive to $1, 095,000 for 3 bedroom,2.5 bath unit at 9508 Sunset Drive



The average list price is $702,127 and average days on market is 250 days



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



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.



You can reach me by 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 at http://www.nancymalexander.com// . I'd love to be your Realtor



Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Sales Update March 4 to March 25 , 2010

Avalon Real Estate  Single Family and Condo/Townhouse Sales Activity


Avalon Real Estate Sales Update March 4 to March 25 , 2010



Avalon Real Estate Sales Update March 4 to March 25 , 2010



Avalon Real Estate Statistics Single Family Homes and Condos Under Contract and SOLD February 15 to March 4, 2010


There are currently 223 single family homes for sale in Avalon



Average list price is $2,487,762 and average days on the market is 305 days.


These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.


There are Ten single family homes Now Under Contract in Avalon.



1- 254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 4/30/2010



2- 7036 Ocean Drive, a 5 bedroom,4 bath home on a 65x100’ lot and listed at $1,249,000 , goes to settlement 5/3/2010



3- 36 west 12th street, a 4 bedroom,3 bath home on a 50x110 lot, listed for $1,469,000 goes to settlement 3/12/2010


4- 247 61st street, a 5 bedroom,4 bath home on a 40x110 lot and listed at $1,500,000,goes to settlement on 5/10/2010



5-121 12th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,750,000,goes to settlement on 7/2/2010



6--242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 4/30/2010


7-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement 3/1/2010.



8- 74 E. 25th street, a 5 bedroom,4 bath home on a 50x110 lot and listed for $2,099,000,goes to settlement 5/15/2010.


 9- 50 E.15th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $2,795,000 , goes to settlement on 3/10/2010


10-4806 Fifth Avenue, a 7 bedroom,4 bath bay front home on a 60x155 lot, which is listed for $3,195,000 .Goes to settlement on 3/31/2010



Five Single Family home SOLD in Avalon since Mar 4,2010

1- 613 Sunrise Drive a 3 bedroom,2 bath home on a 50x130 lot listed at $1,750,000,SOLD 3/15/2010 for $1,200,000

2-238 41st street, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,599,000,goes to settlement on 3/22/2010


3-109 40th street, a 4 bedroom, 2 bath home on a 50x110 lot, and listed for $1,595,000,goes to settlement on 3/20/2010


4-170 36th street, a 5 bedroom,4 bath home on a 40x110 lot listed at $1,895,000 SOLD 3/10/2010 for $1,825,000


5-321 75th street, a 6 bedroom,4 bath home on a 55x133 lot listed at $2,750,000,SOLD 3/16/2010 for $2,450,000


Avalon Real Estate Condo/Townhouse Sales Activity

March 4 to March 25, 2010

There are now 135 condo/townhouses for sale in Avalon ranging in price from $165,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street


Average condo list price is $ 776,106 and the average days on market is 282 days.


Six condos in Avalon are now Under Contract

1-478 20th street, a 3 bedroom,2 bath unit listed at $550,000,goes to settlement 4/2/2010


2-2248 Avalon Avenue, a 3 bedroom,1 bath unit listed at $669,000 ,goes to settlement 4/30/2010


3-277 27th street, a 4 bedroom,3 bath unit listed at $626,000,goes to settlement on 6/9/2010

4-251 24th street, a 5 bedroom,3 bath unit listed at $759,000,goes to settlement 5/15/2010

5-3434 Dune Drive a 3 bedroom,3 bath unit listed at $875,000,goes to settlement 3/30/2010


6-2069 Harbor Avenue, a 4 bedroom,3.5 bath bay front unit listed at $950,000,goes to settlement 4/12/2010



One Avalon Condo/Townhomes SOLD since 3/4/2010

1--1688 Ocean Drive, a 3 bedroom,2 bath unit listed at $899,000,goes to settlement 3/12/2010



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


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.

I can be reached by e~mail 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 http://www.nancymalexander.com/. I'd love to be your Realtor
















Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

National Weather Service Blizzard Warning for Cape may County

Blizzard Warning


...WINTRY WEATHER LAST NIGHT WILL INTENSIFY TODAY AND CAUSE

DANGEROUS CONDITIONS ESPECIALLY THIS AFTERNOON INTO EARLY

TONIGHT...

.AN EXPLOSIVELY DEVELOPING NOR/EASTER WILL BRING HEAVY SNOW TO

MUCH OF OUR AREA TODAY AND THIS EVENING...WITH BLIZZARD CONDITIONS

EXPECTED FOR MANY AREAS.

...BLIZZARD WARNING IN EFFECT UNTIL MIDNIGHT EST TONIGHT...


...WINTER STORM WARNING IS CANCELLED...


THE NATIONAL WEATHER SERVICE IN MOUNT HOLLY HAS ISSUED A BLIZZARD

WARNING...WHICH IS IN EFFECT UNTIL MIDNIGHT EST TONIGHT. THE

WINTER STORM WARNING HAS BEEN CANCELLED.

A COASTAL STORM DEVELOPING OFF THE CENTRAL MID ATLANTIC COAST

BEFORE SUNRISE WILL INTENSIFY EXPLOSIVELY TODAY. SNOW...AS WELL AS

SLEET AND EVEN SOME FREEZING RAIN NEAR...SOUTH...AND EAST OF

PHILADELPHIA WILL CHANGE TO ALL SNOW DURING THIS MORNING AS THE

STORM MOVES NORTHWARD. THIS WILL CAUSE WINDS TO BACK TO NORTHEAST

AND NORTH AND BRING COLDER AIR INTO THE REGION. WITH HEAVY SNOW

EXPECTED TO DECREASE VISIBILITIES...AND STRONG WINDS GUSTING TO 35

TO 45 MILES AN HOUR THIS AFTERNOON...BLIZZARD CONDITIONS ARE

EXPECTED AT TIMES MAINLY FROM ABOUT MIDDAY AND THROUGH THE

AFTERNOON...POSSIBLY PERSISTING INTO EARLY TONIGHT BEFORE TAPERING

OFF. HOWEVER...WINDS WILL CONTINUE TO BE STRONG THIS EVENING SO

THERE WILL BE PLENTY OF BLOWING SNOW WITH REDUCED VISIBILITIES AS

WELL TONIGHT.

TOTAL SNOW ACCUMULATIONS ARE EXPECTED TO RANGE FROM 12 TO 22

INCHES INTO EARLY TONIGHT...WITH THE HIGHEST AMOUNTS STRADDLING

THE INTERSTATE 95 CORRIDOR.

NEAR-BLIZZARD OR BLIZZARD CONDITIONS ARE RARE FOR OUR AREA...SO

IT IS LIKELY THAT PEOPLE WILL NOT REALIZE THE PERIL THAT EXISTS

IN VENTURING OUT IN SUCH STORMS. LIFE-THREATENING CONDITIONS ARE

POSSIBLE...AND DRIVING WILL BE HAZARDOUS AT BEST DURING THIS

WINTER STORM TODAY AND EARLY TONIGHT. IT IS HIGHLY RECOMMENDED

THAT TRAVEL BE CURTAILED DUE TO THE DANGEROUS CONDITIONS...AND

ONLY DRIVE IF IT IS TRULY AN EMERGENCY SITUATION.

A BLIZZARD WARNING MEANS SEVERE WINTER WEATHER CONDITIONS ARE

EXPECTED OR OCCURRING. FALLING AND BLOWING SNOW WITH STRONG WINDS

AND POOR VISIBILITIES ARE LIKELY. THIS WILL LEAD TO WHITEOUT

CONDITIONS...MAKING TRAVEL EXTREMELY DANGEROUS. DO NOT TRAVEL. IF

YOU MUST TRAVEL...HAVE A WINTER SURVIVAL KIT WITH YOU. IF YOU GET

STRANDED...STAY WITH YOUR VEHICLE.

http://www.weather.gov/alerts-beta/wwacapget.php?x=NJ20100210093300PHIBlizzardWarningPHI20100211050000NJ





Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Real Estate Facts for 2010 From NJAR

EDISON — The turn of a new year comes with both question and promise regarding New Jersey real estate. To prepare for the year ahead, the New Jersey Association of Realtors (NJAR) has assembled a list of 10 facts regarding the current state of real estate to offer some perspective on what to expect in 2010.


"NJAR's quarterly housing statistics over the past year have generally indicated home sales rising and prices stabilizing throughout the state," said NJAR 2010 President Judy Appleby. "These increases in buyer activity should spur further confidence in Garden State housing. Plus, expiration of the federal home buyer tax credit in April should spark a dramatic spring buying season that will hopefully set the tone for the remainder of the year in many of New Jersey's various markets."

1) First-time buyers are taking action, and for good reason. In 2009, first-time buyers made up 52 percent of the New Jersey real estate market, compared to 49 percent in 2008 and 36 percent in 2007. First-timers were spurred by high affordability, low rates, and the $8,000 federal tax credit, which has been extended to April 30, 2010. An estimated 45,700 first-time buyers took advantage of the credit last year, and it is expected to be a strong incentive for first-time buyers early this year.

Source: 2009 Profile of NJ Buyers and Sellers

2) Homes in the Garden State are a good investment. The seven-year home appreciation rate in New Jersey is 37.1 percent, more than five times the national rate of 7.1 percent. Likely due to the inherent advantages that the Garden State has to offer (great schools, unique neighborhoods, proximity to New York and Philadelphia, and access to the shore), New Jersey outperforms the national average in home appreciation.

Source: NJ Market Summary, June 2009

3) It's a great time to trade up. The 2009 federal tax credit for first-time buyers has been expanded to include repeat buyers. That means that existing homeowners can qualify for up to $6,500 (or $3,200 for those filing separately) when they buy a home - a significant incentive to trade up to that dream home.

4) Waiting for prices to drop could cost you. A buyer obtaining a 30-year mortgage of $300,000 today at a 5 percent interest rate will pay approximately $1,610 each month in principal and interest. If that same buyer waits until sale prices drop five percent, he/she runs the risk of interest rates going up. A 30-year mortgage of $285,000 at a 6 percent interest rate will cost the buyer $1,708 per month in principal and interest. Those few percentage points can equate to thousands of dollars over the course of a mortgage.

5) Owning a home in New Jersey builds long-term wealth. New Jersey home buyers who purchased their homes seven years ago accumulated an average of $81,100 in home equity. Over the last decade (1998-2008), the median prices of homes in almost every metropolitan statistical area that covers the state have more than doubled.

Source: The NATIONAL ASSOCIATION of REALTORS (NAR)

6) It's a prime time to buy a second home. Especially in a state like New Jersey, with a great second home market in shore towns and other vacation destinations, now is a great time to purchase a second home. The 2009 median price of a second home in New Jersey was $246,300. Because of the relatively high amount of inventory, there are plenty of affordable options that, when paired with low interest rates, could be once-in-a-lifetime opportunities. Who wouldn't want their investment to double as a vacation getaway and a foundation to build lasting memories?

Source: 2009 Profile of New Jersey Buyers and Sellers

7) There is still time to take advantage of historically low interest rates. Many experts agree that the rates won't stay too low for long, but there is still time in early 2010 to take advantage of rates that have dropped significantly. Consider that in the third quarter of 2008 the average Northeast rate was 6.27. For the third quarter of 2009, the rate was 5.22.

Source: Federal Housing Finance Board

8) Good news for sellers: New Jersey consumers are "buying in" to real estate. The vast majority of New Jersey buyers (86 percent) saw their purchase as a good financial investment, with 57 percent saying it is a better financial investment than stocks. Also, when asked about the primary reason for the timing of their home purchase, 46 percent of first-time buyers said it was just the right time.

Source: 2009 Profile of NJ Buyers and Sellers

9) Lower prices make homes more affordable. The median price of a single family New Jersey home in the 3rd quarter of 2009 is 11 percent lower than in the 3rd quarter of 2008. The housing affordability index during the same time period increased by 22 percent. NAR's housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a median-priced, existing single-family home. Increasing levels of affordability mean a home purchase is within reach for more New Jerseyans than the same time the year before.

Source: New Jersey Home Sales Report, 3rd quarter 2009

10) There are 50,000 Realtors in New Jersey that can provide you with localized information. Whether you are buying or selling, Realtors provide expertise on market trends, property conditions, and many other aspects of a real estate transaction. 85 percent of home buyers used a real estate agent or broker to purchase their home, as compared to 84 percent in 2008 and 76 percent in 2007. 88 percent of sellers were assisted by a real estate agent in selling their home.

Source: 2009 Profile of New Jersey Buyers and Sellers


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.


You can reach me by 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 at http://www.nancymalexander.com// . I'd love to be your Realtor


View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter
http://realtytimes.com/135/NancyAlexander

 
Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Real Estate Deal-Breakers That Shouldn't Be

Real Estate Deal-Breakers That Shouldn't Be


Purchasing a new home can be a very stressful experience. Most people are making the largest single purchase of a lifetime when selecting a primary residence. In addition to the monetary implications of such a large purchase, the actual process of buying a home contributes significantly to this stressful event of purchasing a home. Especially in today's markets, buyers must be well informed and have a good understanding of a property's underlying value before making the purchase decision. Prospective buyers saw real estate values plummet across the country during the mortgage meltdown

Even in a difficult market, once buyers are able to select a residence that meets their personal criteria, it is important for them to remain diligent until the property closes. Buyers should not let the home of their dreams escape them over minor differences during the buying and negotiating processes. Let's examine some of these minor roadblocks and maybe you will be able to overcome, or at least recognize, them when you decide to purchase your dream home.

Aesthetics

Prospective buyers should not let minor aesthetic differences hinder their big picture view of their dream house. If appliances or the decorative theme are not up to your expectations, keep in mind that most of these things can be easily modified over time.

Perhaps more important when viewing the interior of the home is to check for overall structural soundness and try to focus on potential rather than current appearance. So, how do you do this? A good strategy is to secure a licensed home inspector prior to closing on your deal. The inspector will provide a detailed analysis and cost breakdown on actual required repairs. Depending upon which state you reside in, the home inspection can be part of the actual contract. The home inspector will assess every aspect of the home's interior and exterior. The inspection findings may be legally used as leverage in the home buying process:

If the cost of repairs exceeds a preset dollar amount, the contract can be revoked if that is explicitly stated in your contract. For example, if the home inspection requires $8,000 worth of repairs for "structural soundness," but your contract states that you will not purchase the home unless repairs are below $1,000 then you have legal recourse for getting out of the deal. Typically, you are responsible for the non-refundable cost of the inspection, but most people are willing to incur that cost in order to save thousands of dollars down the road. The idea here is to focus more on the integrity of the home itself as a first step rather than your distaste for the current interior design or décor.



Sweat Equity

Buyers should not get discouraged when their potential dream homes require some old-fashioned manual labor to get it up to their standards. Real estate professionals refer to this as sweat equity. ." Sweat equity” is a time investment by the potential buyer to clean, redo and repair the potential property once the purchase is complete. Rarely are homes purchased that require no effort on your part. New construction is perhaps an exception, but a poor real-estate market can be littered with short sales and foreclosures - many of which are neglected, vacant properties. Also, many purchases are older properties with excellent construction characteristics but needing some "elbow grease."
by Stephan Abraham
 
Forbes


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 at http://http://http://www.nancymalexander.com/// . I'd love to be your Realtor


View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander




Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

The Real Story on New Jersey Real Estate from NJAR & NAR

About the NJ Market
The first-time home buyer tax credit has been extended from its original November 30, 2009


deadline, and it now provides an incredible incentive for existing owners too.

New and repeat buyers can take advantage, as long as they act before April 30, 2010.

Some more details:

• “First-time home buyers” are defined as buyers who have not owned a principal residence

during the three-year period prior to the purchase. So if you’ve owned before, but don’t now,

you could still be eligible for up to $8,000.

• Existing homeowners who have owned their home for five consecutive years out of the last

eight are eligible for a tax credit of up to $6,500 ($3,200 for those who are filing separately).

• The income limits to qualify for the full credit are $125,000 for a single person and $225,000

for a married couple. Individuals earning up to $145,000 and married couples earning up to

$245,000 are eligible for partial credit.

• In order to qualify, you must have a written, binding contract in place before April 30, 2010,

and close the transaction before June 30, 2010. There is a maximum sale price of $800,000.

• Claiming your credit is easy, but you will need to include documentation of the purchase with

your tax return and the form for claiming the credit.

Let a REALTOR® shed light on today’s housing market and the

extended and expanded home buyer tax credit.

Have a look at  tax credit FAQ flyer, which will clear up any confusion regarding the new tax credit program and the New Jersey Housing and Mortgage Finance Agency’s Pre-fund Loan Program by answering some of prospective buyers’ most frequently asked questions. These helpful materials

The local real estate markets in the Garden State have opportunities for both buyers and sellers. Knowing all the facts about local real estate conditions and about New Jersey’s advantages is crucial to making the most of these opportunities.



Get the Facts

Find out more about the real estate market in New Jersey. Educate yourself and make an informed decision. You might be surprised to see why now is a great time to get into the market in New Jersey.
New Jersey’s Homegrown Advantages

With unique and attractive neighborhoods, great schools, and other benefits, New Jersey is a great fit for the three rules of real estate – location, location, location. See what makes the Garden State such a great place to live and check out our interactive map to see specific county information and local real stories.



Local Conditions

The market varies throughout the Garden State. Find out more about local markets with recent metro area reports from the NATIONAL ASSOCIATION OF REALTORS




Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Sales Update January 2, to January 11,2010

Avalon Real Estate Statistics Single Family Homes and Condos January 2 to January 11, 2010


 There are currently 191 single family homes for sale in Avalon



Average list price is $2,549,753 and average days on the market is 345 days.

These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.




There are Seven single family homes Now Under Contract in Avalon




1-156 9th street ,a 3 bedroom,1 bath home on a 50x110 lot and listed at $765,000, goes to settlement 1/31/2010

2-274 16th street, a 4 bedroom,2 bath home on a 50x110 lot and listed at $825,000,goes to settlement 1/23/2010.



3- 124 10th street, a 4 bedroom,2 bath home on a 50x110 lot and listed for $1,050,000 and goes to settlement 2/15/2010



4-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 4/30/2010



5-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 4/30/2010



6-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000 goes to settlement 3/1/2010.



7-56 E.26th street, a 5 bedroom,2 bath home on a 65x110 lot and listed for $2,200,000,goes to settlement 2/5/2010



One Single Family home SOLD in Avalon since January 2,2010



1-285 38th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,499,000,went to settlement 1/8/2010. SOLD for $1,425,000



Avalon Real Estate Condo/Townhouse Sales Activity January 2,to January 12, 2010



There are now 116 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street



Average condo list price is $ 789,523 and the average days on market is 313 days.


There are Seven condos in Avalon now Under Contract ranging in price from $635,000 to $1,290,000



1- 277 27th street, a 4 bedroom,3 bath unit listed at $635,000, goes to settlement 2/12/2010



2- 258 58th street ,a 4 bedroom,2 bath unit listed at $649,000 ,goes to settlement 1/29/2010



3-1708 Ocean Drive, a 3 bedroom,2 bath unit listed at $695,000,goes to settlement 1/15/2010



4- 255 35th street, a 4 bedroom,2.5 bath unit listed for $ 849,000, goes to settlement 1/22/2010




5- -241 E.33rd ST .a 4 bedroom,2.5 bath unit listed at $849,000,goes to settlement 1/30/2010



6- 3546 Ocean Drive, a 4 bedroom,3 bath unit listed at $1,259,000,goes to settlement 1/23/2010



7- 7 Marine Way, a 3 bedroom,3 bath unit listed at $1,290,000,goes to settlement 1/29/2010





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





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 http://http://www.nancymalexander.com/// . I'd love to be your Realtor





View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander



Nancy's Newsletter http://realtytimes.com/130/NancyAlexander





Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

How to Understand the Flag Folding Ceremony at a Veteran’s Funeral.

Here is How to Understand the Flag Folding Ceremony at a Veteran’s Funeral.


Do you know that at military funerals, the 21-gun salute stands for the sum of the numbers in the year 1776?


Have you ever noticed the honor guard pays meticulous attention to correctly folding the United States of America Flag 13 times? You probably thought it was to symbolize the original 13 colonies, but we learn something new every day!
The 1st fold of the flag is a symbol of life.


The 2nd fold is a symbol of the belief in eternal life.


The 3rd fold is made in honor and remembrance of the veterans departing the ranks who gave a portion of their lives for the defense of the country to attain peace throughout the world.


The 4th fold represents the weaker nature, for as American citizens trusting in God, it is to Him we turn in times of peace as well as in time of war for His divine guidance.
The 5th fold is a tribute to the country, for in the words of Stephen Decatur, "Our Country, in dealing with other countries, may she always be right; but it is still our country, right or wrong."


The 6th fold is for where people's hearts lie. It is with their heart that They pledge allegiance to the flag of the United States Of America, and the Republic for which it stands, one Nation under God, indivisible, with Liberty and Justice for all.
The 7th fold is a tribute to its Armed Forces, for it is through the Armed Forces that they protect their country and their flag against all her enemies, whether they be found within or without the boundaries of their republic.


The 8th fold is a tribute to the one who entered into the valley of the shadow of death, that we might see the light of day.
The 9th fold is a tribute to womanhood, and Mothers. For it has been through their faith, their love, loyalty and devotion that the character of the men and women who have made this country great has been molded.
The 10th fold is a tribute to the father, for he, too, has given his sons and daughters for the defense of their country since they were first born.


The 11th fold represents the lower portion of the seal of King David and King Solomon and glorifies in the Hebrews eyes, the God of Abraham, Isaac and Jacob.


The 12th fold represents an emblem of eternity and glorifies, in the Christians eyes, God the Father, the Son and Holy Spirit.
The 13th fold, or when the flag is completely folded, the stars are uppermost reminding them of their nations motto, "In God We Trust!"



After the flag is completely folded and tucked in, it takes on the appearance of a cocked hat, ever reminding us of the soldiers who served under General George Washington, and the Sailors and Marines who served under Captain John Paul Jones, who were followed by their comrades and shipmates in the Armed Forces of the United States, preserving for them the rights, privileges and freedoms they enjoy today.



There are some traditions and ways of doing things that have deep meaning. In the future, you'll see flags folded and now you'll know why.









Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Update December 21 to January 2 .2010

Avalon Real Estate Activity Single Family Homes and Condos December 21, 2009. To January 2, 2010

There are currently 185 single family homes for sale in Avalon



Average list price is $2,533,361 and average days on the market is 352 days.



These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.



There are Thirteen single family homes Now Under Contract in Avalon



1-156 9th street ,a 3 bedroom,1 bath home on a 50x110 lot and listed at $765,000,goes to settlement 1/31/2010



2-274 16th street, a 4 bedroom,2 bath home on a 50x110 lot and listed at $825,000,goes to settlement 1/23/2010.



3- 124 10th street, a 4 bedroom,2 bath home on a 50x110 lot and listed for $1,050,000 and goes to settlement 2/15/2010



4-73 W. 11th street, a 4 bedroom,2 bath home on a 50x110 lot, listed at $1,095,000goes to settlement on 12/29/2009



5-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 4/30/2010



6-285 38th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,499,000,goes to settlement 1/11/2010



7-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 4/30/2010



8-154 36th street, a 5 bedroom,3 bath home on a 40x110 lot and listed for $1.949,000, goes to settlement 12/29/2009



9-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000


10 6329 Dune Drive, a 6 bedroom,6 bath beach block home listed at $1,999,999,goes to settlement 12/30/2009







11 225 75th street, a 7 bedroom,7 bath home on a 60x110 lot and listed at $2,149,00,goes to settlement 12/30/2009



12-56 E. 26th street, a 5 bedroom,2 bath home on a 65x110 lot and listed at $2,200,000,goes to settlement 2/5/2010





13-184 70th street, a 5 bedroom,5 bath beach block home on a 60x110- lot and listed at $3,995,000,goes to settlement 12/29/2009



Two Single Family Homes have SOLD in Avalon since December 21, 2009


1-3754 Dune Drive, a 5 bedroom, 4 bath home on a 50x110 lot and listed for $1,495,000,SOLD 12/23/2009 for $1,400,000



2-246 16th street, a 5 bedroom,4 bath home on a 50x110 lot listed for $1,550,000 went to settlement 12/19/2009 SOLD for $1,475,000



Avalon Condo/Townhouse Sales Activity December 21, 2009 to January 2,2010.



There are now 115 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street




Average  condo list price is $ 792,937, and the average days on market is 323 days.




There are Seven condos in Avalon now Under Contract ranging in price from $635,000 to $1,290,000

1- 277 27th street, a 4 bedroom,3 bath unit listed at $635,000, goes to settlement 2/12/2010



2- 258 58th street ,a 4 bedroom,2 bath unit listed at $649,000 ,goes to settlement 1/29/2010



3- 1708 Ocean Drive, a 3 bedroom,2 bath unit listed at $695,000,goes to settlement 1/15/2010



4- 344 41st street, a 5 bedroom,3 bath unit listed at $795,000



5- -241 E.33RD ST .a 4 bedroom,2.5 bath unit listed at $849,000,goes to settlement 1/30/2010



6- 3546 Ocean Drive, a 4 bedroom,3 bath unit listed at $1,259,000,goes to settlement 1/23/2010



7- 7 Marine Way, a 3 bedroom,3 bath unit listed at $1,290,000,goes to settlement 1/29/2010




One condo has SOLD in Avalon since December 21, 2009.



1100 Ocean Drive, a 3 bedroom,2 bath unit listed at $1,399,000, SOLD 12/23/2009 for $1,300,000



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




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 http://http://www.nancymalexander.com// . I'd love to be your Realtor



View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander




 Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

NAR: Home sales spike in November

NAR: Home sales spike in November


Sales rate of resale homes climbs 44% year-over-year

The sales pace for resale homes rose for the third straight month in November, climbing 44.1 compared to the same month last year, according to the National Association of Realtors

Sales reached a seasonally adjusted annual rate of 6.54 million, up 7.4 percent compared to October 2009. This rate is a projection of a monthly total over a 12-month period, adjusted to account for typical seasonal fluctuations in sales.

Regionally, the sales rate rose about 53.5 percent in the Midwest, 52.7 percent in the Northeast, 44.8 percent in the South and 28.1 percent in the West year-over-year in November

Real estate agents and brokers typically look forward to spring season when homebuyers come out in force, but In both Stone Harbor and Avalon, we have seen an uptick in sales over the last few months.

Make your move. 2010 looks good if you are a buyer or a seller.

Happy New Year!
Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate
 
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 at http://http://www.nancymalexander.com// . I'd love to be your Realtor


View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander
 http://realtytimes.com/134/NancyAlexander

Stone Harbor Real Estate Sales December 5th to December 21, 2009

Stone Harbor Real Estate Activity Update for December 5th to December 21, 2009




There are currently 103 single family homes for sale in Stone Harbor, ranging in price from $399,000 for a two bedroom home on Weber Court to $6,500,000 for a new beach front home at #1 105th street.



Average list price is $2,140,444 and average time on market is 363 days.



There are five single family homes currently Under Contract in Stone Harbor.


1- 10408 Third Avenue, a 4 bedroom, 3 bath home on a 50x100 lot and listed at $ $1,595,000, goes to settlement on 1/8/2010


2-122 104th street, a 4 bedroom,4 bath home on a 50x110 lot listed for $1,599,000,goes to settlement 2/19/2010

3-127 84th street, a 5 bedroom,3 bath home on a 50x110 lot and listed for $2,000,000, goes to settlement 12/22/2009

4-144 108th street ,a 4 bedroom, 3 bath home on a 50x100 lot and listed at $2,290,000,goes to settlement 1/22/2010

5- 4 102nd street, a 5 bdroom,2 bath beach block home on a 50x110 lot and listed for $2,649,000,goes to settlement 1/8/2010

Two Stone Harbor Single Family Homes SOLD since December 5,2009


1--180 114th street, a 4 bedroom, 3 bath beach block home on a 60x110 lot, listed for $1,700,000,went to settlement 12/111/2009 and SOLD for $1,400,000
2- 210 118th street, a 5 bedroom, 5 bath home on a 60x110 lot and listed at $2,495,000 and went to settlement 12/11/2009 and SOLD for $2,200,000




Stone Harbor Condo/Townhouses Now For Sale



There are now 54 condos for sale in Stone Harbor ranging in price from $229,000 for 1 bedroom at 8305 Third Avenue to $1,299,000 for 13 93rd street
The average list price is $682,431 and average days on market is 312 days

There are now five condos Under Contract in Stone Harbor



1-162 96th street, a 1 bedroom, unit listed for $175,000 and goes to settlement 12/30/2009
2-10120 Third Avenue, listed at $194,500, goes to settlement 11/18/2009


3-235 99th street, a 1 bedroom,1 bath unit, listed for $319,000 goes to settlement 12/29/2009

4-351 96th street, a 2 bedroom,1 bath unit listed for $385,000 ,goes to settlement on 12/2009


5--259 104th street, a 3 bedroom,1.5 bath unit listed for $579,000,goes to settlement 12/30/2009



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


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 at http://www.nancymalexander.com/ . I'd love to be your Realtor

View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander


Nancy's Newsletter http://realtytimes.com/130/NancyAlexander


Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate . Homes Sold December 5th to December 21st, 2009.

Avalon Real Estate Activity Single Family Homes and Condos Sold December 5th to December 21, 2009.


There are currently 203 single family homes for sale in Avalon



Average list price is $2,710,952 and average days on the market is 341 days.



These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.

There are Fourteen single family homes Now Under Contract in Avalon


1-156 9th street ,a 3 bedroom,1 bath home on a 50x110 lot and listed at $765,000,goes to settlement 1/31/2010



2-274 16th street, a 4 bedroom,2 bath home on a 50x110 lot and listed at $825,000,goes to settlement 1/23/2010.



3- 124 10th street, a 4 bedroom,2 bath home on a 50x110 lot and listed for $1,050,000 and goes to settlement 2/15/2010

4-73 W. 11th street, a 4 bedroom,2 bath home on a 50x110 lot, listed at $1,095,000goes to settlement on 12/29/2009

5-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 10/31/2009


6-285 38th street, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,499,000,goes to settlement 1/11/2010


7-246 16th street, a 5 bedroom,4 bath home on a 50x110 lot listed for $1,550,000 goes to settlement 12/19/2009


8-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 10/31/2009



9-154 36th street, a 5 bedroom,3 bath home on a 40x110 lot and listed for $1.949,000,goes to settlement 12/29/2009



10-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000, goes to settlement 3/1/2012



11 6329 Dune Drive, a 6 bedroom,6 bath beach block home listed at $1,999,999,goes to settlement 12/18/2009



12 225 75th street, a 7 bedroom,7 bath home on a 60x110 lot and listed at $2,149,00,goes to settlement 12/30/2009

13-56 E. 26th street, a 5 bedroom,2 bath home on a 65x110 lot and listed at $2,200,000,goes to settlement 2/5/2010


14-184 70th street, a 5 bedroom,5 bath beach block home on a 60x110- lot and listed at $3,995,000,goes to settlement 12/29/2009


Two Single Family Homes have SOLD in Avalon since December 5, 2009


1-4528 Ocean Drive, 4 bedroom,2 bath bay front home on a 60x250 lot and listed for $1,584,000,went to settlement 12/7/2009. SOLD for $1,750,000

2- -315 74th street, a 7 bedroom,2 bath bay front home on a 90x201 lot and listed for $3,800,000,went to settlement 12/17/2009 SOLD for $3,450,000

Avalon Condo/Townhouse Sales Activity December 5th to December 21, 2009


There are now 121 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street



Average list price is $ 785,253, and the average days on market is 312 days.




There are Two condos in Avalon now Under Contract ranging in price from $635,000 to $ 1,290,000

Three Avalon condo/townhouses have SOLD since December 5 2009.

1-2160 Dune Drive, a 3 bedroom,3 bath unit listed for $699,000,SOLD 12/16/2009 for $650,000.

2-276 32nd street West, a 5 bedroom,3 bath unit listed for $749,000,SOLD 12/7/2009 for $725,000

3-261 27th street, a 4 bedroom,2.5 bath unit listed for $749,000,SOLD 12/18/2009 for $732,500

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


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 http://www.nancymalexander.com/    . I'd love to be your Realtor

View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander
  Nancy's Newsletter http://realtytimes.com/130/NancyAlexander






Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Home Buyer Tax Credit Extended, Expanded

Home Buyer Tax Credit Extended, Expanded


The extension of the first-time home buyer tax credit will help continue to clear out inventory, but expanding the credit to include more buyers may not be as helpful in high-cost housing areas.



President Barack Obama recently signed legislation that extends the deadline on the first-time home buyer tax credit and adds a smaller tax credit for move-up and other home buyers.



The extension and expansion gives home buyers a tax incentive to buy a home until at least April 30, 2010 -- April 30, 2011 for qualifying military personnel. The previous deadline was just weeks away, November 30, 2009.



"The extension of the first-time home buyer tax credit will be crucial to clearing out unsold inventory and especially the lagging bank owned inventory that has not even hit the market yet," said Kim DiBenedetto, president of the Monterey County Association of Realtors.



That's true of many housing markets.



"California Association of Realtor studies tell us that for more than 75 percent of home buyers this year, the tax credit was very important and more than 40 percent of the home buyers would not have been able to buy without the credit," added DiBenedetto.



The existing tax credit for first-time homebuyers remains at a maximum $8,000.



A new tax credit of up to $6,500 is available to qualifying existing homeowners who buy a new primary residence (or have one built) by April 30, 2010, if they owned their existing home for five consecutive years over the last eight years. Second homes don't qualify for the credit.



Home buyers have to repay the credit if they live in their primary residence less than 36 months and are not members of the military.



The new rule also raises the qualifying income limits to $125,000 for single taxpayers and $225,000 for joint taxpayers, from the current $75,000 and $150,000.



The maximum allowed home purchase price is $800,000, which won't be as useful to move-up buyers in high-cost areas.



"Part of the bill also expanded the credit to move up buyers, however, it may not be as helpful to the homeowners in our areas because there is a cap on the purchase price of $800,000, but we are grateful to anything that will help even a few," said DiBenedetto, a real estate agent in Carmel, California.



That's also true of high-cost markets nationwide.



Both first-time home buyers and others must contract to buy a home by April 30, but close escrow by June 30, 2010.



Buyers can claim the credit on their 2009 taxes, even if the purchase is made in 2010 by filing an amended return.



DiBenedetto said "This will also assist in selling the short sale inventory that those buyers were afraid to consider because of the time frame involved in closing them when they were on this deadline to close by the end of the month (November)."



Buyers who don't owe taxes can have the credit refunded to them as a rebate.



More information is available from the Internal Revenue Service (http://www.irs.gov), including a question and answer page.



It's all good news for the housing market.



The National Association of Realtors says as many as 400,000 resale transactions (1.2 million for both new and resale homes) were completed specifically because of the first-time home buyer tax credit, since it began, and that put a dent in the housing inventory.



Home sales also add property and sales tax revenues to the coffers of local governments as reduced inventory helps boost prices and home values.



The first-time home buyer tax credit's availability has coincided with mortgage rates often hanging below 5 percent, according to Jeff Howard, CEO of Erate.com.



As the November 30 tax credit deadline neared, reports from the Commerce Department, revealed new home sales slipped 3.6 percent in September and were down 7.8 percent from September 2008.



Tax credit history



As part of the Housing and Economic Recovery Act of 2008, Congress first created a $7,500 first-time home buyer tax credit for those who purchased a home between April 8, 2008, and July 1, 2009.



Later, under the American Recovery and Reinvestment Act of 2009, Congress extended the credit and raised it to an $8,000 tax credit for those who purchased homes by the November 30, 2009 expiration date.



By October 9, 2009, more than 1.2 million tax returns had claimed about $8.5 billion in the refundable tax credit, for both new and resale homes - according to the Treasury Inspector General for Tax Administration (TIGTA). A TIGTA audit also revealed last month that nearly 90,000 taxpayers -- including nearly 600 children -- may have fraudulently enjoyed the credit, hoodwinking the government out of more than $600 million.



The new legislation includes provisions to stifle fraud after the Internal Revenue Service identified 167 suspected criminal schemes and opened nearly 107,000 examinations of potential civil violations of the first-time homebuyer tax credit.



Cheating the IRS is a federal felony that comes with a fine of up to $250,000 and three years in a federal pen, or both. To combat fraud, a HUD-1 Settlement Statement will have to be attached to the tax return to secure the credit.





Written by Broderick Perkins

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.



I Love to talk Real Estate! Call my cell 609.425.7521

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 at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander



Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Summary November 19 to December 5th, 2009.

Avalon Real Estate Sales November 19 to December 5th, 2009.




Avalon Real Estate Activity Summary November 19 to December 5th, 2009.

Avalon Real Estate Sales November 19 to December 5th, 2009.


There are currently 202 single family homes for sale in Avalon



Average list price is $2,734,051 and average days on the market is 331 days.



These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.



There are fifteen single family homes Now Under Contract in Avalon



1-156 9th street,a 3 bedroom,1 bath home on a 50x110 lot and listed at $765,000,goes to settlement 1/31/2010



2-274 16th street, a 4 bedrom,2 bath home on a 50x110 lot and listed at $825,000,goes to settlement 1/23/2010.



3- 124 10th street, a 4 bedroom,2 bath home on a 50x110 lot and listed for $1,050,000 and goes to settlement 2/15/2010.



4-73 W. 11th street, a 4 bedroom,2 bath home on a 50x110 lot, listed at $1,095,000goes to settlement on 12/29/2009

5-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 10/31/2009



6-3764 Dune Drive, a 5 bedroom,4 bath home on a 50x110 lot listed for $1,495,000,goes to settlement on12/23/2009



7-246 16th street, a 5 bedroom,4 bath home on a 50x110 lot listed for $1,550,000 goes to settlement 12/19/2009



8-4528 Ocean Drive, 4 bedroom,2 bath bay front home on a 60x250 lot and listed for $1,584,000,goes to settlement 12/7/2009



9-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 10/31/2009



10-154 36th street, a 5 bedroom,3 bath home on a 40x110 lot and listed for $1.949,000,goes to settlement 12/29/2009



11-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000, goes to settlement 3/1/2012



12 6329 Dune Drive, a 6 bedroom,6 bath beach block home listed at $1,999,999,goes to settlement 12/18/2009



13 225 75th street, a 7 bedroom,7 bath home on a 60x110 lot and listed at $2,149,00,goes to settlement 12/30/2009



14- -315 74th street, a 7 bedroom,2 bath bay front home on a 90x201 lot and listed for $3,800,000, goes to settlement 12/23/2009



15-184 70th street, a 5 bedoom,5 bath home on a 60x110 lot and listed at $3,995,000,goes to settlement 12/2009.


Eight Single Family Homes have SOLD in Avalon since November 19th, 2009


1- 559 22nd street, a 3 bedroom,1 bath home on a 40x100 lot and listed at $557,000, SOLD for $400,000 11/27/2009 after 979 days on the market.



2-264 14th street, a 3 bedroom,2 bath home on a 50x110 lot and listed for $769,000,SOLD for $755,000 on 11/2/2009



3-233 19th street, a 3 bedroom,1 bath home on a 60x110 lot ,listed for $895,000,and SOLD for $805,000 on 11/25/2009



4- 273 48th street, a 2 bedroom,1 bath home on a 60x110 lot and listed for $925,000,SOLD for $850,000 on 12/18/2009



7-388 22nd street, a 4 bedroom,2 bath home on a 40x130 lot listed for $1,395,000 SOLD for $1,325,000 11/30/2009





8- 4350 Fourth Avenue, a 4 bedroom,2 bath bay front home on a 60x250 lot listed for $2,299,000 SOLD 11/25/2009,for $2,050,000



13-150 38th street, a 5 bedroom, 4 bath home on a 70x110 lot and listed at $2,595,000 SOLD 11/20/2009 for $2,300,000



15-316 60th street, a 4 bedroom,3 bath, bay front home on a 90x156 lot listed for $4,295,000 SOLD on 11/23/2009 for $4,005,000


Avalon Condo/Townhouse Sales Activity November 19 to December 5th, 2009


There are now 124 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street



Average list price is $ 792,111, and the average days on market is 315 days.





There are Twelve condos in Avalon now Under Contract ranging in price from $510,000 to $ 1,399,000







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



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 at www.NancyMAlexander.com . I'd love to be your Realtor

View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander



Nancy's Newsletter http://realtytimes.com/132/NancyAlexander





Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Should I Take My Home Off the Market During the Holidays?

Should I Take My Home Off the Market During the Holidays? 

     When you look at your calendar you may find the months already overloaded with seasonal obligations -- shopping, entertaining, children's pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home, you are under extra pressure to keep your home in "showtime" condition. And that could be the last thing you need before the holiday spirit is broken.
      It is understandable why you would be tempted to take your home off the market during the holidays. And the list of justifications is long. If you are too busy, buyers may be also, and you may find your efforts unrewarded with not enough showings. And what if you do get an offer? You may be faced with the possibility of packing and moving during the busiest time of the year. Besides, you can give your house a rest, and it will have better momentum after the holidays. Better to just pack it in and start fresh in January, right?


read more here...


Nancy M. Alexander
Stone Harbor and Avalon NJ Real Estate

Bring the Dog to Stone Harbor 'Sandy Paws' 5K Run, Pooch Walk

STONE HARBOR - The Stone Harbor Fire Department will have the second annual Sandy Paws 5K and 1 mile Pooch Walk on Nov. 28.
The event starts at 9:00 am at the Stone Harbor Firehouse at 96th and Second Avenue.
The 5K race is for runners and walkers only. The 1 mile Pooch Walk is for dogs and walkers and will be on the beach.
Trophies will be awarded for the 1st, 2nd, and 3rd place male and female finishers overall and for the 1st place finisher and for the 1st place winner in each age group and the 1st place finisher male and female in the category Fire/EMS/Police.
Awards will be given to the 1st, 2nd, and 3rd place “Best Dressed” Pooch.
The event benefits the Stone Harbor Fire Department and the Animal Alliance of Cape May County.
Go the www.stoneharborfire.com to register for the race. Post race refreshments will be provided.
Get your exercise in the morning and then start your Christmas shopping by visiting the wonderful shops in the Stone Harbor Business District.



Nancy M. Alexander

Stone Harbor and Avalon NJ Real Estate

Stone Harbor Sells Beach Tag Gifts

Forget the sugarplums. Today’s kids and teens have visions of surfboards, sandcastles and suntans dancing in their heads. Luckily, the Borough of Stone Harbor has made it a breeze to give the gift of summer on the beach to your loved ones this holiday season, thanks to special holiday themed beach tags.

Each holiday beach tag is presented in a festive foil box trimmed in a ribbon of red or green. They make ideal stocking stuffers and a great reminder of days spent on Stone Harbor’s award-winning beaches. Best of all, as the weather warms up, your holiday gift tag is exchangeable for an official 2010 season beach tag, available beginning in April.

What other gift will can give the recipient countless hours of fun in the surf and sun next year? Stone Harbor’s holiday themed beach tags are just $19 each which includes the gift box. An additional $2 gift wrapping fee benefits the Jersey Cape Diagnostic Training and Opportunity Center, which employs individuals with disabilities in Cape May Court House.

The holiday beach tags are available for purchase daily from 8:30 a.m. to 4 p.m. at the Borough Hall located at 9508 Second Avenue. They will also be sold at the Stone Harbor Chamber of Commerce office and various businesses during the holiday festivities on Thanksgiving weekend.

Solve your holiday shopping dilemma and give a gift of summer fun on the beach at Stone Harbor
By Herald Staff

Assessing Damage After Tropical Storm Ida

NJ OFFICE OF EMERGENCY MANAGEMENT RELEASE:LOCAL, STATE, AND FEDERAL TEAMS CONTINUE TO ASSESS IDA DAMAGE Teams perform Preliminary Damage Assessments (PDAs) on the effects of Tropical Storm Ida in New Jersey. In Cape May county designated as part of a State of Emergency by New Jersey Governor Jon S. Corzine last week.Director of the New Jersey Office of Emergency Management,and FEMA urged residents to following specific procedures. “The first thing residents should do is contact their insurance agents, carefully document damages, and coordinate with their county and local emergency management office so that officials are aware of damages,” .No decision will be made on FEMA assistance until all information is analyzed and forwarded to Governor Corzine with recommendations. PDAs are not expected to be complete before next week. Most beaches in New Jersey are the responsibility of the state through the Department of Environmental Protection and the Army Corps of Engineers. Questions on beach replenishment should be addressed to the NJ DEP or the Corps of Engineers at 917-790-8007.

Avalon Real Estate Sales October 5 to October 15, 2009.

Avalon Real Estate Sales October 5 to October 15, 2009.




Avalon Real Estate Activity Summary October 5 to October 15, 2009.

There are currently 219 single family homes for sale in Avalon
Average list price is $1,250,380 and average days on the market is 281 days.

These properties range in price from $499,000 for a two bedroom home at 138 29th street to a whopping $16,875,000 for a seven bedroom south Avalon beach front home on 75th street on a 120x110 lot.


There are twenty one single family homes now Under Contract in Avalon
1-264 14th street, a 3 bedroom,2 bath home on a 50x110 lot and listed for $769,000,went Under Contract in only 3 days. It goes to settlement 11/2/2009
2-161 30th street, a 3 bedroom,2 bath home on a 50x110 lot listed for $950,000,goes to settlement 10/19/2009
3-294 6th street, a 4 bedroom,3 bath home on a 60x110 lot, listed for $995,000,Under Contract after only 49 days on market and goes to settlement 10/30/2009

4-254 6th street, a 3 bedroom,1 bath home on a 50x110 lot listed for $1,095,000 is Under Contract after just 7 days on the market, and goes to settlement 10/31/2009

5-262 77th street, a 4 bedroom,2 bath home on a 60x110 lot listed at $1,150,000,goes to settlement 10/31/2009

6-744 21st street, a 6 bedroom,4 bath bay front home on a 40x130 lot listed at $1,250,000 goes to settlement 9/30/2009

7-479 24th street, a 6 bedroom,4 bath home on a 40x130 bay front lot listed at $1,250,000 is Under Contract after 22 days on the market and goes to settlement 10/31/2009

8-388 22nd street, a 4 bedroom,2 bath home on a 40x130 lot listed for $1,395,000 goes to settlement 11/30/2009

9-3764 Dune Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed at $1,495,000 goes to settlement 12/23/2009

10-151 20th street, a 5 bedroom,5 bath home on a 50x110 lot listed at $1,499,000 goes to settlement 10/16/2009

11-159 20th street, a 5 bedroom,5 bath home on a 50x110 lot listed at $1,595,000 goes to settlement 9/19/2009 after listed just 12 days on the market

12-242 6th street, a 5 bedroom,4 bath home on a 50x110 lot went Under Contract in just 7 days and goes to settlement 10/31/2009

13-2888 Ocean Drive, a 5 bedroom,4 bath home on a 50x110 lot and listed for $1,995,000, goes to settlement 3/1/2012
14-1998 Ocean Drive, a 5 bedroom,4 bath home on a 40x110 lot listed at $$2,090,000,goes to settlement 11/6/2009.
15-1998 Ocean Drive, a 5 bedroom,4 bath home on a 40x110 lot and listed for $2,090,000,goes to settlement 11/6/2009.
16- 4340 Fourth Avenue, a 4 bedroom,2 bath bay front home on a 60x250 lot listed for $2,299,000 goes to settlement 11/25/2009.

17 -257 70th street, a 6 bedroom, 6 bath home on a 60x110 lot ,listed for $2,395,000,goes to settlement on 10/15/2009

18-150 38th street, a 5 bedroom, 4 bath home on a 70x110 lot and listed at $2,595,000 is Under Contract after just 54 days on market. It goes to settlement 11/20/2009


19-56 E. 18th street, a 5 bedroom,3 bath home on a 50x110 lot and listed at $2,695,000,goes to settlement on 10/9/2009

20-315 74th street, a 4 bedroom,3 bath home on a 90x201 bay front lot and listed for $4.295,000,is Under Contact after just 38 days on market and goes to settlement 11/23/2009

21-316 60th street, a 4 bedroom,3 bath, bay front home on a 90x156 lot listed for $4,295,000 goes to settlement on 11/23/2009

Two single family homes SOLD in Avalon since October 5, 2009
1-1918 Avalon Avenue, a 5 bedroom, 5 bath home on a 60x110 lot listed at $2,250,000 SOLD on 10/15/2009 for $2,070,000
2-8-103 34th street, a 4 bedroom,3 bath home on a 50x110 lot listed at $1,495,000,SOLD 10/9/2009 for $1,275,000

Avalon Condo/Townhouse Sales Activity October 5 to October 15, 2009

There are now 123 condo/townhouses for sale in Avalon ranging in price from $169,000 for an efficiency unit at 7900 Dune Drive, up to $2,095,000 for a 4 bedroom, 3 bath unit at 65 E. 28th street

Average list price is $ 788,502, and the average days on market is 309 days.


There are eleven condos in Avalon now Under Contract ranging in price from $549,000 to $985,000


Two condos SOLD and settled in Avalon since October 5,2009

1 – 2176 Dune Drive, a 3 bedroom,3.5 bath unit listed for $650,000 SOLD 10/09/20/09 for $620,000

2- 1688 Ocean Drive, a 3 bedroom,2 bath unit listed for $695,000,SOLD 10/9/2009 for $625,000

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

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 at www.NancyMAlexander.com . I'd love to be your Realtor
View Stone Harbor Market Video http://realtytimes.com/REUv/NancyAlexander

Nancy's Newsletter http://realtytimes.com/130/NancyAlexander