Ann Delaney Beach Blog

Category: Seashore Real Estate

  • What’s Selling?

    During the past 30 days, 26 properties in Avalonand Stone Harbor, NJ SOLD.  I have highlighted a few as an overview of current real estate values:

    1) An updated 1st floor condo – one of 4 in a building located in the beach block of 21st Street in Avalon.  2 bedrooms, plus extra den. Sold for $515,000.

    2) An attractive townhouse style unit in Cornell Harbor off of 8th Street in Avalon.  3 level inside unit with a garage, 2 bedrooms plus a den and loft.  Boat slip included.  Community has a bay side pool.  Sold for $700,000.

    3) An old seashore home on 31st Street in Avalon on a 50′ lot.  Buyer will tear down the structure and build a new house to re-sell.  Sold for $720,333.

    4) A neat and clean contemporary rancher built in 1986, and located between Dune and Ocean Drive on 13th Street in Avalon sold for $750,000.

    5) A corner property on 102nd and Second Avenue in Stone Harbor- a tear down on a nice lot.  Sold for $1,050,000.

    6) An unusual bay property with an old cottage on the front half, and an over the water boat house out back.  On 7th Street (Yacht Club Drive) in Avalon. Sold for $1,400,000.

    7) An updated bay front house on 92nd Street- located on the Stone Harbor Yacht Club basin.  Sold for $1,555,000.

    8 ) New construction on the west block of 24th Street in Avalon. 6 bedrooms and a pool.  Sold for $1,850,000.

    9) A beach block upside down style with some updates and a pool.  Corner of 59th and Dune Drive.  Sold for $2,250,000.

    10) A contemporary bay front home on the bulkhead side of Fifth Avenue in Avalon, with a large pool.  Sold for $2,500,000.

    11) A custom built bay front home on 70th Street in Avalon.  Unique setting and a beautiful pool area.  Sold for $4,150,000.

    The median price of all condo/townhouse units sold was $650,000.

    The median price of all single family homes sold was $1,702,500.

    If you have any questions regarding recent sales or current inventory, please contact me ann@anndelaney.com  or 609-967-7950 

    Thank you for your continued interest!

  • Summer Rentals in the News

    A bit slow on posting this link: http://www.newsworks.org/index.php/down-the-shore/item/34721-summer-rentals

    The news reports on summer rental activity are accurate-  bookings are ahead of this same time last year.

    The large, newer homes are in demand (especially those with a pool).  And, tenants prefer updated amenities: HD televisions, WiFi access, modern kitchen/baths, and attractive furnishings.

    If I can help with your plans in Avalon or Stone Harbor, please let me know.  I appreciate the business!  ann@anndelaney.com

  • Sunsets

    Starting tomorrow, we gain an extra hour to walk and catch the colorful sunsets. Busy work schedule ahead- sale and rental appointments both Saturday and Sunday.  Have a great weekend!

  • Cable Service Update

    Do you have a television set in your shore house that looks like this? 

    As of today, standard TV sets (commonly used in bedrooms) will need a digital box in order to receive ANY channels through Comcast cable.

    Order boxes on-line (Comcast will provide 2 at no charge) or stop in their business office at 32nd and Dune Drive in Avalon.

  • More Good News…

    I continue to be impressed with the market stats.  Consistent improvement month after month.

    In the past 30 days, a total of 19 properties sold and settled in Avalon and Stone Harbor, NJ.

    Condo/Townhouse Units:  9 sold, with a median selling price of $530,000.

    Single Family Homes: 8 sold, with a median selling price of $1,625,000.

    Commercial: 2 sold (the Avalon Anchorage Marina on 21st Street and the bay side building where Polly’s Place is located on 97th Street). A median selling price of $1,933,000.

    In addition, there are 48 properties “Under Contract” with settlement scheduled to occur in the near future.  The median listing price for those sale pending is $844,500 (a mix of condos/townhomes and single family homes).

    P.S. I revised the numbers after new postings on our MLS- 2 solds and 1 under contract! Current as of 5pm on 2/27/12.

    If you are interested in a shore purchase, or selling your current island home, I appreciate the opportunity to help!   ann@anndelaney.com

  • Condo by the Beach

    Avalon, NJ-  Best condominium location; just 1/2 block to the beach!
    First floor, 3 bedrooms, 2 full bath unit updated inside and out for easy vacation living.
    Modern kitchen with granite counter-tops.  Tile floors in main living areas.  Private deck.
    Park your car and walk to downtown restaurants, shops, and the library.
    On the beach side, convenient to the strolling boardwalk, and a wide guarded beach.
    $539,900 furnished and ready for immediate use
     
    For additional information, please contact me  ann@anndelaney.com 
    Thank you for your interest!

  • Busy Weekend

    Crazy windy…and crazy busy.  Prospective tenants and buyers in town this weekend to look around, and finalize their summer plans. 

    Our “spring” market is well underway.  Happy to see the island returning to life 🙂

  • Shore Real Estate

    Zoning regulations vary in each shore town.  In Avalon and Stone Harbor, the majority of dwelling units are in a single family zoned location.  This strict zoning results in solid property values and overall lower density.

    However, for buyer looking for a traditional “beach duplex”, there are options.  Currently, 21 multi-family properties are for sale on the island.  The sale includes the land, and at least 2 living units.  In many cases, the property is non-conforming, which means the structure can not be expanded unless it’s converted to a single family use dwelling.

    The median price of a 2 family property in Avalon and Stone Harbor is $995,000.   As an example, the duplex pictured above is listed for $850,000 and includes 3 bedrooms, 1.5 baths on each floor.

    Keep in mind that the lenders view a duplex as an investment property rather than a second home.  A larger down payment may be required, along with an adjustable rate loan.  Yet for a buyer who would like to spend the summer at the shore, AND collect some rental income, a duplex is ideal.

    Please contact me for additional information ann@anndelaney.com  or 609-967-7950 office

    Thank you for your interest!

  • Sunday Sights

     

    The over hyped “blizzard” will (thankfully) only produce a few flurries later tonight.  Based on the number of cars in town, the weather forecast did not scare property owners and visitors from spending the weekend at the shore. 

    Presidents’ Weekend is the traditional start of our sale and summer rental season.  Here’s to a busy 2012!

  • What’s Selling?

    Real estate agents all along the New Jersey coast are optimistic for 2012 after a busy start to the new year.

    In Avalon and Stone Harbor, there are currently 37 properties sale pending with settlements scheduled over the next few months.

    Breaking down the numbers: 12 of the 37 are condo/townhouse units, ranging from $439,000 (asking price) for a 3 bedroom condo on 79th Street; to $1,350,000 for a large bay front side by side.  The median asking price for pending condo/townhouse units is $644,950.

    As typical in our market, the majority of pending sales are single family homes (23 in this case).  They range from $699,999 for a basic cottage on 31st Street; to $3,295,000 for a bay front home on Flamingo Drive.   The median asking price for pending single family homes is $1,299,000.

    Also pending: 1 commercial parcel in Avalon, and 1 duplex in Stone Harbor.

    Sellers are realistic and buyers are confident; the right balance as our market continues to recover.

    2/14/12 P.S.  Setting appointments for a Thursday showing, and 2 of the homes I planned to show are now under contract.  Also heard that there were 3 offers on a well priced duplex in Stone Harbor- pushing the final selling price just over asking.  So happy to see this activity!