RIS Media reports“a dramatic reversal in previous year’s buyer’s market status.” The combination of current reduction in inventory and low interest rates are pushing serious buyers to buy now. Some sellers are receiving multiple offers. All advantages for the home seller with his property priced properly.
Avalon N.J. Real Estate Market Sales Update as of June 29, 2013
Single Family Homes Now For Sale in Avalon, N.J. as of June29, 2013
There are now 127 single family homes for sale in Avalon as of June 29 2013.
Average list price: $ 2,514,952
Average days on Market: 308
There are now 25 Single Family Avalon Homes Now Under Contract with average list price of $1,575,720
Average list price: $1,575,720
Average Days On Market=213
11 Single Family Homes have SOLD in Avalon since May 20, 2013
112 single family homes SOLD in Avalon since June 29, 2012
Average List price was $1,701,693
Average SOLD price was $1,547,902
Average days on market = 275 days
Avalon Condo/Townhouse now For Sale
There are now 70 Condo/townhouse properties for sale in Avalon with an average list price of $662,038
There are now 6 Condo/townhouses in Avalon Now Under Contract. Average Days on Market =56 days
76 Condo/Townhouses in Avalon have SOLD in a year, since June 29,2012
Average list price +$689,331
Average SOLD price = $652,023
Average days on market = 265 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? Let’s Talk.
Mortgage rates jumped this week on Jumbo loans up to 2 million to 4.375% but still continue to boost home affordability. These rates are as close to the bottom as you can expect to get, and add to the urgency to buy your Stone Harbor or Avalon beach house NOW while these rates are at the bottom. Keeping your eye on fresh listings in this market is smart.
Each month, I provide the latest Stone Harbor Real Estate market sales statistics based on data from the Cape May County MLS. These Monthly Market Reports are intended to share sales information to help you can make an informed decision about the Stone Harbor Real Estate Market before you buy or sell a home in the Stone Harbor area.
If you would like similar statistics for a specific area, property type or price range, please send me an email at Nancy@NancyMAlexander.com and tell me how I can help. I can provide Real Estate Market specifics for nearby communities regions around Avalon and Stone Harbor.
Important to understand you must price you property competitively from the very start and you will see immediate activity, and a contract!