Avalon, Stone Harbor Market Update

A bit late with the July 4th holiday!

Summary of settlements during the past 30 days:  a total of 32 properties SOLD, for an overall median selling price of $1,332,000.

As typical, the majority of sales were in the residential (single family) category.  21 total, ranging in price from $699,500 for a basic cottage at 87th and Third Avenue; to $3,300,000 for a 73rd Street beach block home on an 80′ wide lot.  The median selling price - $1,492,500.

There were 9 condominium/townhouse style units sold, ranging from $288,000 for a 1 bedroom condo/hotel on 79th Street; to $1,685,000 for a new bay front side by side with a private pool.  The median selling price- $635,000.

Plus 1 commercial unit (a yoga studio on Third Avenue in Stone Harbor) sold for $162,500; and a bay front vacant lot on Fifth Avenue sold for $2,550,000.

There are an additional 67 properties sale pending, with a median list price of $1,495,000 (final selling price reported after settlement).

If you have any questions regarding the sale market in Avalon or Stone Harbor, I am happy to help!  ann@anndelaney.com  or 609-967-7950

Thank you for your continued interest.