Market Statistics

http://www.powerplayrealty.com/pages/market-statistics-updated-avalon-stone-harbor-sea-isle-nj

Click on the above link to the Power Play Realty web site to view current market stats.

Quick summary:  The overall inventory has increased, as well as days on market.  The highest “days on market”  month this summer indicates a clearance of old sale listings (most of which had price reductions over their long period on the market).  Since January 2008, the percentage between original asking price and final selling price has lowered -from over 25% to a current rate of 17%.  This means that sellers have become more realistic about the value of their property- and understand, if listed at the right price, it will sell. 

Bottom Line: Properties in all price ranges are selling at the shore.  Buyers want “value” for their dollar- and will pay a fair price for prime locations.

If you have any questions regarding market values in Avalon or Stone Harbor, I am happy to help:  ann@anndelaney.com  or 800-682-5940