I have been selling properties in Avalon and Stone Harbor for 30+ years, and can speak confidently regarding long term appreciation.  After several years of a declining,  then a leveling shore market, we are grateful for modest appreciation.

Three interesting examples of long term growth:

215 53rd Street, Avalon

An original “Golden Home” built in the 1960s.  60′ X 110′ lot.

The home had value for the earlier sales- now it’s all about the land value.  Structure will be torn down to make way for a new single family home.

$915,000 October 2013, $855,000 January 2009, $750,000 January 2004, $131,000 December 1983, $85,000 April 1979.

25 East 17th Street, Avalon

Beach block property.  50′ X 110′ lot.  Street has under ground wiring (allows for a better view).

Seller purchased the property in September 1989 for $115,000.  The existing raised rancher was torn down earlier this year and the seller built brand new.

The new home sold in October 2013 for $2,600,000.

316 92nd Street,Stone Harbor

Bay front Cape style home situated on a 60′ X 90′ lot facing Snug Harbor. Extensively renovated.

Sold in September 2013 for $1,903,000.

Prior sales: $1,555,000 in March 2012, and $170,000 in October 1982.