Unfortunately, I often see the remnants of graduations, proms, and weddings on the beach. Â This morning, the large “bouquet” pictured below was sitting near the high tide line.
Skip the balloons- it’s just more plastic trash for our environment. Â Â Thanks!
A beautiful day.    I sell Avalon and Stone Harbor real estate…yet I REALLY sell this!
Thank you to Michael McMahon of the McMahon Agency for meeting with the agents in my office to discuss the changes regarding insurance for seashore real estate. Â His agency is based in Ocean City 609-399-0060.
In addition to the information I posted yesterday, Michael shared his expectations:
FEMA and the insurance industry are still working through the new regulations. Â As a real estate agent (and property owner), I know it’s important to remain current regarding the regulations. Â I am happy to answer your questions to the best of my ability…or direct you to the proper individual.
ann@anndelaney.com   609-967-7950 office
A representative from a local insurance agency will be in our office tomorrow to provide updates regarding flood insurance – a hot topic for shore property owners. Â I will post an update after the meeting.
In the meantime, I am reading notes from the FEMA web site regarding the pending changes (ironically, in place or pending prior to Sandy).
On July 6, 2012, a law took effect requiring FEMA to take immediate steps to eliminate a variety of flood insurance subsides.  The insurance discounts currently in place will be phased out over a period of time.  Starting January 1, 2013, flood insurance premium rates for subsidized non- primary residences will begin increasing.  Although the legislation called for a 25% increase over 4 years, there is pending legislation that will modify this time frame to 12.5% increase each year over an 8 year period.
Keep in mind, most flood insurance policies range from $400 to $1800 per year (depending on the elevation of the structure)- often more reasonable than the typical home owner’s policy.
After months of dreary days, COLOR has returned to the island. Â It looks amazing as you drive along Dune Drive and Second Avenue- green grass, spring flowers, and blooming trees.
Hello Spring? Â I put my hat, gloves, and fleece jacket away…only to take them out again for recent beach walks. Â The temperature is not too bad today, yet the wind is brutal. Â Only 32 days until Memorial Day weekend 🙂
New on the sale market: Â Custom 3 level home on 65th Street in Avalon, NJ.
Oversized 80′ X 110′ lot (standard lot size in this location is 60′ X 110′), allowing for a larger home  (5,684 square feet) AND a spacious pool area.  Built in 2008, with quality materials and amenities. Gourmet kitchen.  4 stop elevator.  Beautifully furnished and ready for immediate use.
Click HERE for MLS link and exterior/interior pictures.  For additional information:  ann@anndelaney.com  or my office 609-967-7950
Thank you for your interest!
Simple math: Â A mortgage of $400,000 based on a 30 year loan at 4.5% (considered a great interest rate not too long ago) = Â a monthly payment of $2,026.74
Compare that same loan and terms with the current rate of 3.375% Â = a monthly payment of $1,768.38. Â A savings of $258.36 EACH month.
Incredible opportunity to re-finance your existing loan, or purchase new.
If you need recommendations for local lenders, I am happy to pass along names/contact info for trusted mortgage reps.
And of course…I am here to help with your search for a shore property in Avalon or Stone Harbor!
ann@anndelaney.com  609-967-7950
Yesterday’s beach walk (in the mist) provided another opportunity to check on the condition of our north end beaches. Â Overall, the sand added during the January beach fill is holding on. Â There were crews actively working to complete the repairs on the dunes and beach entrances.
Pictured below: Â 23rd Street looking north, 12th Street looking north (with equipment), and 8th Street beach adjacent to the jetty.
What’s Selling?
To view the properties SOLD, click on the link: Â MLS Properties SOLD
The most recent asking price is noted next to the address above the picture.  The final selling price is listed in the left hand side column with the MLS number.  All settlements occurred within past month.
The median selling price was $900,000. Â The median list price of those sale pending is $925,000 (final selling prices published after closing).
If you have any questions regarding market value in Avalon or Stone Harbor, I am happy to help!   ann@anndelaney.com  or 609-967-7950