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Avalon, NJ Real Estate News

By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
  Avalon Sales Activity for the Weeks of February 8 to February 22, 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. Here is a summary of the Avalon Real Estate Market Activity.There are currently 209 single family homes for sale in Avalon ranging in price from $549,000for a two bedroom home at 667 22nd street    to  a whopping $16,875,000 for a seven bedroom beach front home on 75th street.  In the two week period February 8 to February 22,2009, three properties  went Under Contract. 246 44th street,a 4 bedroom,3 bath home listed for $1,250,000.Goes to settlement 4/25/2009.Was on the market 38 days 118 22n...
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Currently foreclosures and short sale opportunities abound on the Cape May County MLS.  Keeping up to date on recent offerings can be the key to finding a home or condo.  In an effort to keep you updated on Avalon short sales and foreclosures, I provide the Avalon Short Sale and Foreclosure List.  Join now, todays email contains some excellent opportunities in Avalon, Stone Harbor, Sea Isle City, and Ocean City.
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
Avalon Sales Activity January 1 to January 23,2009 So was there any sales activity in Avalon in January? Check out the numbers below:Avalon Single Family Homes - January 1  to January 23, 2009 Market Recap:198single family homes are currently for sale in Avalon     Average asking price is $2,369,340Average Days on the market - 299 daysThree single family homes in Avalon are now Under Contract.  568 22nd street listed at $1,675,000 .Days on market =657 6600 Ocean Drive listed at $1,989,000.Days on market =173. 2888 Ocean Drive listed at $1,995,000.Days on Market=308.   One Single Family has SOLD/SETTLED  in Avalon  as of January 23rd. 215 53rd street listed at $910,000,SOLD for $855,000 after 86 days on market Are you considering a move? If you need a summer rental ,if you have a propert...
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By Kevin OBrien
(SJBeachHomes.com)
Recently announced are the plans for the 2009 Greater Avalon Fishing Tournament.  The tournament runs all year long in Avalon.  Entry forms are available at local marinas throughout Avalon.  You will need a weight-master’s signature on the card.  After receiving the signature the card can be returned to the Avalon mayor’s office at Avalon Borough Hall, 3100 Dune Drive.       The fishing tournament will be providing plaques for the winners of the 10 categories.  For more information on the 2009 Greater Avalon Fishing Tournament contact Sue Keen, 967-5924.  If you are looking to through the many homes or condos for sale in Avalon, contact me I would be glad to help you with your search.  You can reach me by email or register for my website. Post ws originally found in SJBeachHomes.com Blog
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
    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 ma...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
  Avalon Sales November 2008-   There are now 212 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 t...
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By Nancy Alexander, REALTOR®Emeritus- Stone Harbor & Avalon NJ
(Long & Foster Real Estate Inc.)
    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 ...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
Avalon Sales November 1,2008 to November 10,2008-   One single family home at 237 52nd street listed for $985,000 SOLD 11/5/2008 for $985,000 after only 57 days on market.   Two single family homes went Under Contract so far in November. 1471 Ocean Drive listed at $699,000 594 24th street listed at $1,395,000 Five single family homes were listed ranging in price from $1,195,000 up to $3,449,000 for a home 5th from the beach at 6212 Dune Drive.   To Compare  Avalon Sales January 1 to November 10 in 2008 VS 2007-     In 2007 there were 90 single family homes SOLD in Avalon with average list price of  $2,343,881 and average SOLD price was $2,159,871 In 2008 there were 92 single family homes SOLD in Avalon with average list  price of $2, 238,847 and average SOLD price of $2,029.192  If you ...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
Avalon  Sales Activity October 2008   As of today there are now 222 single family homes for sale in Avalon . These range from $549,000 up to a whopping $12,900,000  for a mansion on Bayberry Drive.  There  now  eight homes Under Contract ranging in price from $985,000 up to $3,350,000 for a beach block home at 189 63rd street. Eleven  Avalon homes have SOLD  and gone to settlement in the month of October.    680 Third Ave listed for $1,100,000 SOLD for $999,000  10/7/08 after 221 days on the market. 251 36th street. listed for $1,199,000 SOLD for $1,125,000  10/10/08 after 70 days on market. 63 W. 29th street listed for $1,495,000 SOLD for $1,375,000 10/4/08 after 606 days on market. 1758 Dune Drive listed for $1,595,000 SOLD for $1,465,000 10/1/08 after 707 days on market. 23 Pelican D...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
You'll find Value  here In Stone Harbor and Avalon but not Bargains.  Stone Harbor and Avalon remain a popular summer destination  with its  luxurious and casual lifestyle .  We offer  the   very best  beaches, shopping, and  dining. Beach front and Bay front  mansions to summer cottages   Stone Harbor and Avalon have been feeling  the  national housing contraction but  because we are a second home market with wealthy clientele, we may be may we faring  much better than other areas in the nation.     Upscale homes are holding up pretty well in the current market climate . New construction  in particular, and homes that are  just a few years old have not suffered quite as bad as some other  pockets of the market have. The wide desirability  of a beach house  with the  finest amenities,  ...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
   SELLING IN STONE HARBOR OR AVALON IN THE Late Summer or  Fall What is The Secret Getting Your Home Under Contract?What's The Winning Formula? Maybe Patience and Willingness To Negotiate. So how are successful sellers doing it? The basic formula to getting to a SOLD sign in a buyer's market would be.....#1-Price!  In this glutted re-sale market,Price It Correctly on day one. #2-listen to your Realtor and Pay attention to the comps.The numbers don't lie.  #3- Location and the condition of the property. And Sometimes it just takes Time.Yes! Location, condition and price are key factors. Plus, patience and willingness to negotiate are absolutely essential. You have to keep remembering it is a buyer's market! A seller needs to set the price correctly from day one. What is your bottom line...
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By Nancy M Alexander,Realtor® Avalon Real Estate Sales and Vacation Rentals
(Diller & Fisher Realtors,Stone Harbor,N.J.)
  Here's the Avalon market update for July   2008.   Snapshot of Avalon Sales Activity July 2008     Here's the Avalon market update for July   2008.  Lots of Sales Activity in July!!   Seven single family homes are Under Contract in the month of July 2008 with listed price ranging from $1,095,000 up to $4,699,000. The average time on the market for these homes is 293 days.   Two single family home Sold and went to settlement this month. One of these homes was a 3 bedroom, 1 bath furnished home  on a  50x10 lot which had been listed for $999,999  and SOLD  for $929,000 after 375 days on the market .   The second home SOLD was a 4 bedroom, 3.5 bath beach block home  which  was listed for $2,345,000 and SOLD for $2,100,000 and was on the market for 667 days.   Right now there are 223 sing...
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By Ralph Tiz
(Premier Homes Real Estate)
The Borough of Avalon gets rave reviews from FEMA.  Below is the link to an article about what a great job the Borough officials are doing to keep flood insurance bills low for Avalon property owners.   Avalon's flood plan is declared 'amazing' | Inquirer | 03/19/2007*
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By Ralph Tiz
(Premier Homes Real Estate)
Here is a quick recap of Avalon, NJ sales from January 1st through Mat 15 for 2005, 2006 and 2007.  These are sales in all categories: singles, condos, lots and commercial. AVALON SALES RECAP 3 YEARS TO DATE   2007   2006   2005 Under 1 million 28 ↑   23   59 Over  1 million 22   23   47 Over 2 million 8 ↑   6   12 Over 3 million 5   12*   8 Totals 63   64   126 Ave. Price $1,435,222   $1,825,575   $1,326,779 % of Asking 93%   96%   96%   2006     * 3 to 4 Million   7 4 to 5 Million   3 5 to 6 Million   1 9 Million   1 Totals   12
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