The shore real estate market is VERY active- amazing to see the daily “Under Contract” postings in our Multiple Listing Service.
During the past 30 days, 26 properties sold (settlement) in Avalon and Stone Harbor ; plus, an additional 55 properties are sale pending with settlements scheduled over the next few months.
The median selling price was $847,500, with a low of $169,000 for a Beachcomber Condo/Motel; and a high of $2,400,000 for a newer bay front home on Yacht Club Drive (7th Street).
Of those sale pending, the median list price is $1,090,000. Â The low of $179,000 for another Beachcomber Condo/Motel; and a high of $3,950,000 for an oversized bay front “lot” at the end of Pelican Drive (plus the older structure sold “as is”). Â Final selling prices are not published until after settlement.
Property values are recovering- especially in prime locations. And the interest rates remain at an all time low. Â All positive signs for a healthy real estate market on the island.
Evening Walks
Appreciating the extra hours of daylight after work 🙂