Without tractor grooming…or foot traffic…the wind has the freedom to make patterns in the sand.
Month: September 2013
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Mortgage Interest Rates
Mortgage loans are classified as conventional (less than $417,000) and jumbo (loans above $417,000). Â In the past, interest rates for jumbo loans were higher than those for conventional mortgages.Now, lenders are advertising rates 1/4 to 1/2 percent lower for jumbo loans.
Another nice boost for the shore real estate market.
If you would like to talk to an area mortgage representative regarding a purchase or re-finance, I am happy to provide recommendations.
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Fall Sunsets
Darker in the morning (catching EVERY sunrise on my daily beach walk) and earlier sunsets. Â Not a fan of the shorter days…but loving the views!
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What’s Selling?
There are a total of 79 properties sale pending (under contract) in Avalon and  Stone Harbor, NJ, with settlements scheduled in the near future.The properties range in price from $168,000 (an efficiency apartment on Third Avenue in Stone Harbor), to $6,995,000 (an ocean front tear down in the south end of Avalon). The median asking price is $1,085,000.
There are 46 properties sale pending in Avalon; 33 in Stone Harbor. Â Single family homes represent 47 of the 79 total, with a median list price of $1,595,000. Â There are 23 condo/townhouse units pending, with a median list price of $669,000. Â The remaining 9 are a mix of multi- family and vacant lots.
An active market!
Please let me know if I can help with your real estate plans: Â ann@anndelaney.com
I appreciate your business and referrals.
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Tis the Season
The off season is an ideal time to visit our beach neighbors. Â Yesterday, a leisurely bike ride along the Ocean City boardwalk…and a stop at Manco’s Pizza.
Interesting perspective of the ocean front homes (many new) along the way. Â Like here, the tear down trend continues.
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Island Life
Question: “When you live at the shore…where do you go on vacation?”As much as we love and appreciate our surroundings, it’s still our place of work. Â So after a busy summer season, it’s time to look forward to a vacation.
Not surprising- we are drawn to other beach/island locations. Â With specific conditions: not too crowded, a nice beach, not too commercial (wait- that sounds like Avalon and Stone Harbor!)
We have traveled to many beautiful desinations over the years- with a week on a low key Caribbean island in our near future 😉
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Power Play Books
Look for our new Sale/Rental book in the Power Play Realty distribution boxes located around the island (including one directly in front of our office).
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Deck Furniture
Glad to see that many property owners have secured or removed deck furniture as their use declines. Â An early fall storm is not uncommon. And last October, Sandy forced shore owners to rush down or hire someone to batten down the hatches.Reminders:
1) Close and LOCK all windows (especially the casement style- they can vibrate open in the wind, and break)
2) Disconnect the hose from the outside faucet (I often see faucets left on by mistake; disconnect the hose, and make sure sure nozzle is off)
3) Secure the outside shower door and trash cans





