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2008 Market Stats
The 2008 Market Stats for Stone Harbor, Avalon, and Sea Isle City are available on the Power Play Realty web site:
http://www.powerplayrealty.com/pages/market-statistics-updated-avalon-stone-harbor-sea-isle-nj
Quick summary- The total number of units sold peaked in 2005; the average sale price peaked in 2006. Townhouse/condominium sale values have remained fairly level due to the more reasonable price range. Single family home values have dropped between 15- 25% depending on the location. In 2008, new construction accounted for 20% of Stone Harbor sales, and 10% of Avalon sales. Most area builders switched their focus from building for spec to private building contracts.Â
The local architects and builders are also reporting more requests for renovation projects versus new construction.Â