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
If your home has curb appeal, you'll be able to sell it quickly and for top dollar. That's why REALTORS® rate exterior home remodeling projects as the most valuable homeowners can make. Many homeowners are confused about which projects will provide the most return on investment as they prepare their homes for the market. The 2014 Remodeling Cost vs. Value Report, co-sponsored by the National Association of Realtors and Remodeling magazine, outlines the costs and resale returns on the most popular home improvement projects. Realtors know which home features are important to buyers in their area. Projects such as a new entry door, siding and window replacements can recoup homeowners more than 78 percent of costs upon resale. So why remodel anything if it's not going to give you back 100%? It's because the first impression a homebuyer gets is priceless. You want the buyer to choose your home, and quit looking for something better. If the buyer doesn't like what he sees, you won't get another chance to make any kind of impression. So which home improvement projects will net the most return? Eight of the top 10 most cost-effective projects are exterior projects. Replacing your front door with a steel entry will cost $1,100 on average, but you'll get nearly 97% of what you spent back in your pocket. The second most popular improvement is a wood deck addition, which will return over 87 percent of costs, similar to the return on fiber-cement siding. Vinyl siding returns a little over 78 percent of costs. A midrange garage door replacement returns nearly 84 percent while an upscale garage door replacement offers 82.9 percent of costs recouped. Wood window replacements recoup over 79% of costs and vinyl windows return nearly as much. Rounding the top 10 projects are an attic bedroom and minor kitchen remodel. These are important too, but you've got to pique buyers' interest first. 
