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
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