Ann Delaney Beach Blog

Blog

  • December Market Update

    Since November 1st, there have been 52 properties in Avalon and Stone Harbor (all types) reported as under contract or sold in our Multiple Listing Service.  This increase in activity is encouraging.  A common link is price reductions by the seller.  The buyers are focused on value and the current inventory provides the opportunity to be selective.  If an asking price is higher than the competition, the buyer assumes the seller is not ready to sell.  Overall, prices have decreased 12% to 15% (from the peak in 2005), and are comparable to sale prices in 2004.    

     

  • Christmas at the Shore

    Downtown Avalon and Stone Harbor hosted various Christmas events last weekend- and the crowds were here to participate.  After a nasty 2 day north east storm, beautiful weather returned in time for the parade and shopping.  Other than the hats and gloves, it looked like an August weekend!  A variety of stores will be open (with excellent sales) through New Year’s Day. 

     

  • Time to Buy!

    Stable interest rates, falling gas prices, and positive economic news have provided the needed confidence for buyers to consider a seashore purchase once again.  They have patiently watched the market adjust, and now recognize the opportunities available.

    The recent sales figures are comparable to 2004- which in perspective was still a healthy real estate year.  New construction continues to be popular, with builders providing incentives such as furniture and financing to encourage a sale.  Sellers with specific time constraints have become creative as well.  Price reductions, owner financing, and seller credits are often necessary to stand out from the competition.Â