2009…time to focus on the positives aspects of our industry. We all need a place to live (and dream of a place for vacation and down time).  For most of us, real estate is our largest assest (even if it’s worth a few dollars less than 3 years back).  Real estate offers the option to generate rental income; and provides welcome tax deductions and a sense of security.
To view sale inventory in the Cape May County area, visit: www.powerplayrealty.com and click on the MLS Search at the bottom of the home page.             Or send me your “wish list” (ann@anndelaney.com),  and I will help narrow down the options. I appreciate your business!
2008 Market Stats
The 2008 Market Stats for Stone Harbor, Avalon, and Sea Isle City are available on the Power Play Realty web site:
http://www.powerplayrealty.com/pages/market-statistics-updated-avalon-stone-harbor-sea-isle-nj
Quick summary- The total number of units sold peaked in 2005; the average sale price peaked in 2006. Townhouse/condominium sale values have remained fairly level due to the more reasonable price range. Single family home values have dropped between 15- 25% depending on the location. In 2008, new construction accounted for 20% of Stone Harbor sales, and 10% of Avalon sales. Most area builders switched their focus from building for spec to private building contracts.Â
The local architects and builders are also reporting more requests for renovation projects versus new construction.Â