Real estate agents all along the New Jersey coast are optimistic for 2012 after a busy start to the new year.
In Avalon and Stone Harbor, there are currently 37 properties sale pending with settlements scheduled over the next few months.
Breaking down the numbers: 12 of the 37 are condo/townhouse units, ranging from $439,000 (asking price) for a 3 bedroom condo on 79th Street; to $1,350,000 for a large bay front side by side. The median asking price for pending condo/townhouse units is $644,950.
As typical in our market, the majority of pending sales are single family homes (23 in this case). They range from $699,999 for a basic cottage on 31st Street; to $3,295,000 for a bay front home on Flamingo Drive.  The median asking price for pending single family homes is $1,299,000.
Also pending: 1 commercial parcel in Avalon, and 1 duplex in Stone Harbor.
Sellers are realistic and buyers are confident; the right balance as our market continues to recover.
2/14/12 P.S. Setting appointments for a Thursday showing, and 2 of the homes I planned to show are now under contract. Also heard that there were 3 offers on a well priced duplex in Stone Harbor- pushing the final selling price just over asking. So happy to see this activity!
What’s Selling?
In Avalon and Stone Harbor, there are currently 37 properties sale pending with settlements scheduled over the next few months.
Breaking down the numbers: 12 of the 37 are condo/townhouse units, ranging from $439,000 (asking price) for a 3 bedroom condo on 79th Street; to $1,350,000 for a large bay front side by side. The median asking price for pending condo/townhouse units is $644,950.
As typical in our market, the majority of pending sales are single family homes (23 in this case). They range from $699,999 for a basic cottage on 31st Street; to $3,295,000 for a bay front home on Flamingo Drive.  The median asking price for pending single family homes is $1,299,000.
Also pending: 1 commercial parcel in Avalon, and 1 duplex in Stone Harbor.
Sellers are realistic and buyers are confident; the right balance as our market continues to recover.
2/14/12 P.S. Setting appointments for a Thursday showing, and 2 of the homes I planned to show are now under contract. Also heard that there were 3 offers on a well priced duplex in Stone Harbor- pushing the final selling price just over asking. So happy to see this activity!