What’s selling in Avalon and Stone Harbor?
A total of 370 properties SOLD on the island last year; with an overall median selling price of $900,000.
Of those sold, 218 were single family homes, ranging from a low of $425,000 (cottage on Bower Court in Stone Harbor), to a high of $6,600,000 (ocean front “tear down” on an over sized lot in Stone Harbor).  The median selling price of all single family homes: $1,312,500.
There were 120 condo/townhouse style units sold, ranging from $179,500 (condo/hotel at the Beachcomber in Avalon), to $1,300,000 (ocean front side by side unit on 28th Street in Avalon).
Trends for 2013? Â New construction continues to be a popular choice. Â And modern updates in existing homes are appreciated (new kitchen, baths, etc.).
If you would like additional information regarding property values in Avalon or Stone Harbor, please let me know.  I appreciate the opportunity to help!
What’s New for 2013?
1) Renovated stores and restaurants: unfortunately, many were forced to remodel because of Sandy. Â Hoy’s 5 & 10 in Avalon is cleared out in preparation of the necessary repairs. Â Marabella’s in Stone Harbor will have a new look by early spring. Â And of course, Avalon residents anxiously await the re-opening of Wawa!
2) Roadway repairs: the damaged section of Ocean Drive on the Avalon side of the Townsends Inlet Bridge is scheduled to be repaired in March. First Avenue in Stone Harbor- drainage work continues to allow for the eventual removal of the pipes along the beach.
3) Beaches: the island is so fortunate- a beach fill project was scheduled even before Sandy. The dredge is in place, and the dredging company employees are preparing for the arrival of the heavy equipment. Â Damaged dunes will be restored, and our beaches will be in great shape for the 2013 summer season.
4) The Bank of America building on 96th Street and Second Avenue will be demolished to make way for a new Stone Harbor Public Library.
5) The Reeds Hotel & Spa is expected to open this summer. Construction continues daily at 96th Street and Third Avenue.
I enjoyed the New Year’s Eve sunrise (pictured)…and look forward to many more in 2013!