Next week: Â more daylight for my early morning walks. Â I just won’t think about the 5 o’clock darkness 🙁
High and Dry
Sandy and Biggert-Waters Flood Insurance Reform Act.
Both became part of our vocabulary in 2012, and continue to affect real estate ownership/construction along the New Jersey coast.
If a structure does not conform to the height elevation requirements of FEMA, the property owner pays a substantially higher flood insurance premium (regardless of actual flood damage from Sandy).
And if a major renovation project is planned, the municipality will require the owner to bring the house up to code for elevation (a long standing construction regulation).
Examples of house lifting projects underway in Avalon (metal beams around the house in preparation) and Stone Harbor (masons building the new foundation):
Market Update, Avalon and Stone Harbor
During the past 30 days, a total of 44 properties SOLD (settlement).
Of the 44 properties:
34 were single family homes.  The sold prices ranged from $555,000 for a 4 bedroom cottage on Weber Court in Stone Harbor; to $3,425,000 for a 3 level beach block home on 75th Street in Avalon.  The overall median selling price was $1,550,000.
9 were condo/townhouse units.  The sold prices ranged from $400,000 for a 3 bedroom condo in Holly Bay- 107th and Third Avenue, Stone Harbor; to a large side by side style unit with a garage at 81st and Second Avenue for $980,000.  The overall median selling price was $670,000.
One vacant lot transferred-  50′ X 110′ parcel at 33rd and First Avenue- the beach block side, for $1,100,000.
In addition, there are 70 properties sale pending, with settlements scheduled in the near future.  The median asking price of those sale pending: $1,324,500.
Questions about the market? Â I am here to help! Â 609-967-7950 Â or ann@anndelaney.com
Thank you for your interest.
Vacation versus Travel
Both are near and dear to my heart- yet completely different experiences.
Travel: venturing to a unique destination with the purpose of seeing the sights. Â It can be “work”- studying guide books in advance, learning a few keys words of the language, and following an itinerary. Â Travel is both thrilling and exhausting!
Vacation: often it means returning to a favorite location. Â It’s easy – you know the best shops and restaurants. Â There may be a routine, but it probably involves a bike ride after breakfast. Â No real schedule- except for dinner reservations or a tee time.
For so many families, our island is the ideal “vacation”. Â I understand 🙂
Work Break
Location, location, location! Â My office is just 2 blocks to the beach. Â Glad I thought ahead this morning and put my sneakers and iPod in the car.
An hour walk with salt air and sunshine…and now back at my desk 🙂
Price Reduced
Avalon, NJ- Exceptionally well maintained home- custom built for the current owner. Â Quality upgrades at the time of construction…plus a pool added in 2012! Â 5 spacious bedrooms and 5 full baths. Family room, huge great room, utility room, and an attached 1 car garage. Â Even a peek of the ocean!
Wonderful location- Between Avalon Avenue and First Avenue on 26th Street. Close to the beach and convenient to downtown shops and restaurants.
$2,049,000 furnished and ready for immediate use.
For a link to the detailed fact sheet, click HERE Â Â or contact me 609-967-7950 Â Â ann@anndelaney.com
Link to additional photos on the Power Play Realty web site.
Wildlife Wonderland
Hat, gloves, and a fleece jacket for this morning’s chilly beach walk.
Rewarded with dolphins riding the waves (the dots on the blurry picture are dolphins), assorted shore birds, and hundreds of geese flying overhead  in a synchronized “V” formation- on their way to warmer climates.
Life on the Bay
Price reduced: Â $1,799,000
319 84th Street, Stone Harbor
Immaculate bay front home with incredible views! Â Ideal combination of a sheltered basin (for swimming), and the open channel (for boating and sunsets!)
4 bedrooms, plus a family room. Â 2 full baths. Attractively updated throughout. Â Over the water dock/deck, 2 floating docks, a swim platform, and 2 boat slips.
Contact me for additional information :  ann@anndelaney.com  or 609-967-7950
For more photos and a link to the MLS fact sheet, click HERE.
Thank you for your interest!
Changing Views
What a difference a day makes…
Amazing colors Wednesday morning (purple to red to yellow), versus the gray skies of today.