Stone Harbor Real Estate Market Update as of December 31, 2008
The Real Estate Market is always a topic of interest for Stone Harbor owners as well as tenants who vacation here every summer.
There has been an over-supply of single family homes and condos on the market for nearly two years now.
Not .all sellers understand that their asking price affects if they will sell, but when and for how much? The longer it takes to get to fair listed price, the longer their property languishes on market and This means lower offers.
So, how did Stone Harbor single family homes and condos fare in December? Here are the MLS numbers below:
Stone Harbor Single Family Homes - December 2008 Market Recap:
106 single family homes are currently for sale in Stone Harbor with Asking prices range from $525,000 to $5,990,,000
Average asking price is $2,387,687
Average Days on the market - 240 days 2 homes in Stone Harbor NJ went Under Contract in December
Asking prices ranged from $990,000 to $3,695,000
Brand new bay front home here at 10602 Corinthian Place listed for $3,695,000 SOLD December 31st for $3,000,000
There was one single family home SOLD in December in Stone Harbor.The picture is above left.
Asking prices ranged from $79,500 to $465,000
Sold prices ranged from $72,000 to $410,000
Average sold price - $284,250
Average Days on the market -269 days
Average List-to-Sell Ratio - 84% 12 single family homes in Stone Harbor expired from the market during December 2008 without selling.
Stone Harbor NJ Condos - December 2008 Market Recap: 49 Stone Harbor condos currently for sale
Asking prices range from $219,000 to $1,650,000
Average asking price is $745,742
Average Days on the market - 329 days 2 condo in Stone Harbor went sale pending/under agreement
234 84th street.Asking price was $650,000
Days on market - 655 days 275 103rd street. Asking price $789,000 Days on the market-695 days 2 Stone Harbor N.J. Condos sold during December 2008.17 Condos SOLD in Stone Harbor in 2008
Asking prices ranged from $499,000to $999,000
Sold prices ranged from $460,000 to $900,000 Average List price-
Average sold price - $660,466 Average Days on the market - 204 days
Average List-to-Sell ratio - 84%
10 condos in Stone Harbor NJ expired from the market without selling during December 2008.
Are you considering a move? If you need a summer rental ,if you have a property that you would like to list, or if you are thinking of buying or selling a home, in Stone Harbor or Avalon, please visit the address for Luxury Real Estate at www.StoneHarborRealtor.com. I'd love to be your Realtor.
It would be my pleasure to help you with your Real Estate needs. Call me ...I Love To talk Real Estate! 800.708.5792