Market stats for the month of June:
A total of 35 properties sold (settled) in the month of June, including one commercial property at 33rd and Dune Drive for $235,000.
Otherwise, unusual to see the numbers split evenly for condo/townhouses and single family homes sold. Â Typically we sell more single homes because that’s the predominate style of property.
17 condo/townhouse style units sold, ranging from $256,683 for a 1 bedroom unit at Ocean View Condominiums 79th and Dune Drive, Avalon; to $775,000 for a 4 bedroom side by side style unit on 25th and Ocean Drive. Â The median selling price of all condo/townhouse style units:Â $585,000.
17 single family homes sold, ranging from $789,000 for a cottage style on 100th Street in Stone Harbor; to $4,500,000 for a custom bay front home on 42nd Street, Avalon. Â The median selling price of all single family homes:Â $1,950,000.
In addition, there are 81 properties sale pending, with settlements scheduled for the near future. Â The median list price of those sale pending:Â $1,399,000.
Real estate on the island continues to prove its value as a solid investment!
If you have any questions regarding sales in Avalon or Stone Harbor, I am here to help. Â ann@powerplayrealty.com
Thank you for your interest.
2016 Rentals
We started off strong, yet we still have availability for prime summer vacation weeks!
Please pass the word if you have friends or family thinking about a last minute rental in Avalon or Stone Harbor NJ!
Tim Kerr’s Power Play Realty rental web site
I’m here to help.
Thanks!
ann@powerplayrealty.com