A deceiving picture…temperatures in the 20s!
The Team!
We are very proud of the growth and success of Tim Kerr’s Power Play Realty. Â Truly, a great team of hard working friends.
I may have met some of you “back in the day”; either at the Avalon office of Diller & Fisher in the early 80s through mid-90s, or Avalon Real Estate in late 90s/ early 2000s.
For the past 14 years, I have been fortunate to work at Power Play Realty and continue those enduring relationships.
Thank you for the many years of support and friendship!
Avalon/Stone Harbor Prepare for Beach Fill
Check out the engineering tripod on the beach at 32nd Street!
And you may notice the vibration monitors (pictured below) placed in the dunes. Â This technology addresses any concerns of potential structural damage of nearby homes from the movement of sand/heavy equipment.
Science at the beach!
Seven Mile Beach Replenishment
The equipment is starting to arrive at the south end of Stone Harbor for the initial phase of the island beach fill project.
Once started, the project is expected run 24/7 and then head north to Avalon.
Read:  announcement from the Borough of Stone Harbor  and announcement from the Borough of Avalon
I will also post updates/pictures in the coming weeks!
January Views
When the subject of winter weather comes up among  year round residents, the most common statement I hear (and say) is:
“I don’t mind the cold…but, ugh, the wind!” Â Grateful for the calm, sunny January days 🙂
Why So Many Demolitions?
This is a question asked often by long time property owners.
There are several answers:
1) The owner of an existing modest home wants to expand, but encounters the reality of new flood elevation regulations and construction codes.
2) A builder/developer purchases an older home in a prime location and pays a premium for the land. Â The architect designs a home to take advantage of views and permitted square footage.
3) The current structure is a non-confirming use- for example a duplex in a residential zone. Â In order for the property owner to make any size changes (referred to as cubic content in the zoning laws), the building must convert to current zoning. Â The owners have to weigh the costs of a substantial remodel (typically including lifting the structure to meet elevation codes) versus building new.
Stone Harbor Tax Revaluation
Stone Harbor property owners received a letter from VITAL Communications in the fall detailing the upcoming Borough wide revaluation.
Representatives from the company will be inspecting properties starting this winter and through the early summer (based on permission for access).
It’s in the owner’s best interest to allow the Vital Communications rep through the home so that accurate data can be posted.
Once the revaluation is complete, the data will be processed by the Borough Tax Assessor’s office for the 2018/2019 tax year.
More information will be posted on the Borough of Stone Harbor’s web site
Market Stats
A busy start to 2017 for Avalon and Stone Harbor, NJ!
A total of 34 properties SOLD (settlement) in the past 30 days, with an overall median selling price of $1,640,000.
3 vacant lots sold (all previously had older structures on the site- torn down prior to selling).  2 bayfront lots- one on 7th Street (aka Yacht Club Drive) for $1,800,000, and one on Paradise Drive in Stone Harbor for $1,833,125.  An oversized beach block property (105′ X 110′) on the corner of 71st and Dune Drive sold for $3,000,000.
23 single family properties sold ranging from an older Cape on 15th Street for $847,600; to an ocean front on 74th Street for $6,500,000. Â The median selling price of all single family homes- $2,007,500.
PLUS, and additional 56 properties are sale pending with settlements scheduled for the near future. Â The median list price of those sale pending- $1,322,500 (final selling prices are posted after closing).
If you have any questions regarding market value in Avalon or Stone Harbor, please let me know: Â ann@anndelaney.com
Thank you for your continued interest!