Shore Real Estate

“You buy the land…and get the house for free.”

 

This phrase may sound odd, yet it’s often true for residential real estate along the coast.

An older home may be well maintained and charming; but if it doesn’t suit the life style of today’s buyer, the building’s value is minimal.

Our other reality: building codes/elevation.

The federal government is phasing out the subsidies in the flood insurance program.  Homes built prior to 1974 (before elevation codes enforced) are likely to sit lower than required, and if so, cost more to insure.

And if a buyer decides to take on a major renovation project, the municipality will require the home be brought up to code (including elevation).  We are seeing several island properties getting a “lift” – an expensive option, but certainly far less than brand new construction.

If you have any questions regarding market values in Avalon or Stone Harbor NJ, please let me know.

I appreciate the opportunity to help!

ElevatedHouse

 

 

 

Posted in Seashore Real Estate | Comments closed

Counting Down?

Only 40 days until Memorial Day weekend…

StoneHarborTown

Posted in Life at the Shore, Stone Harbor, New Jersey- News | Comments closed

Shore Birds

The oystercatchers are fun to watch (and hard to photograph!).  I almost always see them in pairs, and they have a distinct squawk as they fly overhead.

For more information: Conserve Wildlife Foundation of New Jersey

birds

Posted in Life at the Shore | Comments closed

Avalon NJ Beach Fill Update

Press release by the Borough of Avalon:  Click Here

Yes, there will be some inconvenience during the beach restoration project; however the end result will be safe beach access along the north end of our island.

TuesdayBeach

Posted in Avalon, New Jersey- News, Life at the Shore | Comments closed

My Morning Views

The rising sun, a colorful sky, osprey, a few dolphins, a bright moon…oh, and the beach front homes!

MoonBeach

Posted in Life at the Shore, Seashore Real Estate | Comments closed

Warm and Windy!

Busy Easter weekend in Avalon and Stone Harbor.  REALLY nice when out of the wind and facing the sun!

Point

Posted in Life at the Shore | Comments closed

Avalon Beach Fill- update

Posted today on the Borough of Avalon web site:    http://avalonboro.net/avalon-council-to-consider-contract-award-for-spring-beach-fill/

Beaches from 8th through 26th Streets will receive approximately 700 cubic yards of sand.  Project completion by July 4th weekend.

Will share more information when available.

BeachMarch

Posted in Avalon, New Jersey- News, Life at the Shore | Comments closed

Beach Church

The churches of Avalon and Stone Harbor participate in the annual Ecumenical Easter Sunrise Service.

Sunday, 6:30am at the 88th Street pavilion, Stone Harbor.

This year, the full moon will be setting as the sun is rising…a wonderful way to start the day.

88thStreet

 

Posted in Life at the Shore | Comments closed

Island Life

Spring weather is coming in over the bridge!

Bridge

Posted in Life at the Shore | Comments closed

Market Stats, Avalon and Stone Harbor NJ

During the last 30 days, 23 properties sold (final settlement).

salesignOf those SOLD, 8 were condo/townhouse units ranging in price from $460,000 for a 2 bedroom condo in The Avalon (7th Street); to $1,650,000 for new construction bay front side by side on the bay with a private pool.  The median selling price of all condo/townhouse units:  $765,750.

The remaining 15 properties SOLD were single family homes ranging in price from $495,000 for an basic cottage over the 21st Street bridge; to $3,060,000 for a southend Avalon beach block home built in 2002.  The median selling price of all single family homes: $1,750,000.

In addition, there are 86 properties sale pending, with settlements scheduled in the near future.  The median list price of those sale pending: $1,411,500.

I am happy to answer your questions regarding market values in Avalon and Stone Harbor:   609-967-7950  or ann@anndelaney.com

And, thank you for your continued interest and referrals!

 

 

Posted in Avalon, New Jersey- News, Life at the Shore, Seashore Real Estate, Stone Harbor, New Jersey- News | Comments closed
Tim Kerr Sothebys Logo