Market Update

In the past 30 days, 44 properties SOLD in Avalon and Stone Harbor, with the median selling price of $987,000.

Of those, 22 were single family homes, ranging from $460,000 for a cottage on an undersized lot on 22nd Street in Avalon; to $5,300,000 for an older ocean front home on 107th Street in Stone Harbor.  The median selling price for all single family homes: $2,085,000.

19 of the sales were for condo/townhouses, ranging from $287,000 for a motel/condo unit at the Concord; to $1,397,000 for a bay front townhouse style unit on 80th Street.  The median selling price for all condo/townhouse units: $600,000.

2 sales were classified as multi-family. An older duplex on 27th Street sold for $1,299,000 and was immediately torn down. The lot is zoned single family, so a new home will be built on the site.  The other was a pair of side by side townhouses on 28th Street sold together for $1,565,000.

1  commercial sale posted- the space on 21st and Dune occupied by Fuze Italian sold for $1,200,000.

In addition, there are 76 properties “under contract” with settlements scheduled in the near future.  The median price of those sale pending is $1,845,500.

Trends?  New construction continues to be very popular.  Many of the residential sales noted above were “land value” sales purchased with the intent to build new on the site.

If you have any questions regarding market values in Avalon or Stone Harbor, I am happy to help!  ann.delaney@timkerrsir.com  609-967-7950

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Happy Halloween!

Pumpkins

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Prepare your shore house for winter

Our balmy fall days will eventually fade to a blustery, cold winter  🙁

A check list for shore owners:

1) Disconnect the garden hose and turn off/drain any faucets that aren’t frost proof (most faucets on decks are NOT frost proof). Turn off and drain the outside shower (often overlooked and those pipes are the first to freeze and break).

2) Close the foundation vents and secure the crawl space door (the newer Smart vents will close automatically).

3) Secure/store trash cans, deck furniture, kayaks, grills, flags, etc.

4) Unless you completely winterize the house (drain the water), turn on the heat to 55- 60 degrees.  The upper floors can be set slightly lower, but not below 50 degrees.  A whole house water shut off valve is an extra level of protection against frozen pipes in the event of a power failure.

5) Open the cabinet doors below all sinks to allow heated air to circulate around the pipes.

6) Lock all windows (especially casement style that open with a crank handle) and sliding glass doors. Strong winds can vibrate a door or window open!

7) Unplug small appliances.

8) Check the kitchen sink for any random food items left in the garbage disposal – run with ice cubes or a piece of lemon.

9) Empty and turn off the ice maker if you won’t be using the house for an extended period of time.

10) Open the lid on the washer and prop open the door to the dishwasher to avoid musty odors.

And ideally, hire a winter watch service for peace of mind.  I am happy to recommend someone if needed.

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Island life

Saturday morning’s nor’easter caused more tidal flooding than we initially expected.

The ocean roared, but thankfully remained behind the well established dunes!

Bay water over flowed from several basins, causing street and yard flooding in the typical low sections of Avalon and Stone Harbor.

Businesses owners in downtown Avalon and Stone Harbor waited patiently for low tide and customer access!

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Search for a Beach House!

View the amazing drone videos, and search the current sale / rental listings in Avalon and Stone Harbor NJ:

Tim Kerr Sotheby’s International Realty web site

There are options to search vacation rentals, our company sale listings, and all sale properties on the Multiple Listing Service for Cape May County.

And I am here it help navigate the options: ” A full time island resident with a lifetime of shore experience.”

ann.delaney@timkerrsir.com   609-967-7950

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Home…to the Beach

Barbados was beautiful- and warm!

Yet, I was happy to bundle up and walk our beach again this morning before work.

BarbadosMonday

 

 

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My Version of “Gone Fishing”

Our turn for a beach vacation 😎

Will post a few pictures on Twitter.

Back in the office on Monday, October 22nd.

Vacation

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Taxes on Rentals- clarification

A new law in the State of New Jersey charges applicable sales and use tax on short term rentals booked through “transient marketplaces” such as AirBnB, HomeAway, VRBO, and FlipKey.

Vacation rentals arranged through a real estate broker’s office are purposely excluded, and the new tax will not apply.

For more information: New Jersey Association of Realtors article: Click Here

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Summer Cottage

Vintage fishing cottage located near the bay in Stone Harbor NJ.

Situated on a 35′ X 110′ lot.

$659,000

Click HERE for the complete MLS fact sheet and pictures.

83rdStreetCottage

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8221 First Avenue, Stone Harbor

For Sale

Watch the sun rise over the Atlantic Ocean every morning.

8221 First Avenue, Stone Harbor NJ

$2,900,000 completely turn key

For the MLS link and more photos, click HERE

For the drone video, click HERE

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