Sales at the Shore: Since May 1st, 45 properties have SOLD (settlement) in Avalon and Stone Harbor, with an additional 41 currently sale pending (settlement in the near future).
Of those SOLD- 1 commercial property, 3 classified as vacant lots, 18 condo/townhouse units, and 23 residential properties. The median selling price was $1,060,000, including a low of $145,000 for a Beachcomber condo (motel) to $5,150,000 for a southend Avalon custom beach block home. 11 were in Stone Harbor; 34 in Avalon.
Of the condo/townhouse sales- the median selling price was $692,000. 10 were townhouse style (2 levels) and 8 were traditional condo style. 3 were in Stone Harbor and 15 in Avalon.
The median asking price for the combined 41 “sale pending” properties is $1,099,000– in line with the median price of those recently settled.
My view as I crossed over the beach path early this morning for a walk before work.
I’ve noticed that many of the bay cottages in Stone Harbor have expensive new bulkheads and fancy boats- sometimes bigger than the actual house!Â
A sign of possible thunderstorms later. In the mean time, a nice view over the back bay while showing water front homes for sale in Avalon.
A variety of last minute rentals available in Avalon and Stone Harbor, NJ :
It has felt like summer for many weeks now…and yet we are only 1/2 way through June. This Saturday will be our first big rental check in day.
Realistic prices, low interest rates, and ample inventory = a great time to buy.