Stone Harbor Real Estate Activity Update for June 5 to June 26, 2009

 
 
Investor confidence is evident in Stone Harbor and Avalon. We've seen a spike in sales in the last month contributed to a combination of factors including the spring season , historically low interest rates and good inventory of homes priced to sell

There are currently 123 single family homes currently for sale in Stone Harbor ranging in price from $475,000 for a two bedroom home on Weber Court to $5,990,000 for a beach front home on 97th street.

Average list price is $2,195,535 and average time on market is 289 days.

There are three single family homes currently Under Contract.

356 89th street, a 3 bedroom,1 bath home on a 35x100 lot and listed at $990,000.

222 108th street listed at $998,000 .

8704 Pennsylvania Avenue, a 3 bedroom, 2 bath Home on a 50x110 lot, listed at $1,287,000, goes to settlement 6/30/2009

Three single family homes SOLD in Stone Harbor in last three weeks

100 108th street, a 5 bedroom,2 bath home third from the beach listed for $1,750,000 SOLD on 6/8/2009 for $1,600,000

8726 Sunset Drive, a 4 bedroom, 2 bath newly renovated home listed for $1,099,000, SOLD 6/8/2009 for $1,090,000

11810 Third Avenue, a 3 bedroom,2 bath home on an 80x100 lot was listed for $1,399,000 and SOLD 6/15/2009 for $1,174,500




Stone Harbor NJ Condo Sale Activity June 5 to June 26 2009


There are currently 59 Stone Harbor condos currently for sale ranging in price from $194,500 for an efficiency unit at 10120 Third Avenue up to $1,725,000 for a 5 bedroom, 3.5 bath townhome with pool at 261 89th street.

Average asking price is $721,870
Average Days on the market - 317 days

Three Condos are now Under Contract in Stone Harbor

345 86th street, a 4 bedroom, 2 bath condo with bay views, listed for $899,000, goes to settlement 7/31/2009

8001 Second Avenue, a 2 bedroom,2 bath unit which is listed at $440,000 goes to settlement on 6/30/2009.

260 83rd street , a 4 bedroom, 2 bath unit listed at $729,000 goes to settlement 8/14/2009





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

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


If you are interested in purchasing a summer home, take advantage of the current market and send me an e-mail with your wish list. You'll be pleasantly surprised with the options available. There is something here now for everyone.

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

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