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-Mile 86Island
Here's what's Making Waves
in Avalon & Stone Harbor
December 2017
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MARKET PULSE
Avalon, Stone Harbor & The Manors
* There are 159 single-family homes
currently For Sale, with a Median Price of $2,795,000
* There are 77 condo/townhomes currently For Sale with a Median Price of $689,000
* There were 20 properties placed Under Contract For Sale during the month of November
* YEAR OVER YEAR SALES...there were 385 properties placed Under Contract For Sale through the first 10 months of 2017! During the same period last year, there were 344 properties placed Under Contract For Sale.
BREAKDOWN of the 20 sales that occurred during the month of November :
Stone Harbor = 6 properties
Avalon = 14 properties
Single Family Homes Placed Under Contract in the Past Month
By Asking Price:
LOWEST : $1,090,000 (on 6th Street in Avalon)
2nd Lowest : $1,325,000 (on Dune Drive in Avalon)
HIGHEST : $5,995,000 (ocean front in Stone Harbor)
2nd Highest: $2,275,000 (bay front in Stone Harbor)
Condo / Townhomes Placed Under Contract in the Past Month
By Asking price:
LOWEST : $364,900 (an Oceanview Condominium unit in Avalon)
2nd Lowest : $619,000 (a 2 bedroom condo on First Avenue in Stone Harbor)
HIGHEST : $2,295,000 (a new bay front townhome on Sunrise Drive in Avalon)
2nd Highest: $1,400,000 (a bay front townhome at 31st Street & the bay)
Location of Properties Placed Under Contract For Sale in the Past Month
Number of Bay Front properties: 8
Number of Beach Block properties: 2
Number of Ocean Front properties: 1
NEW SALE LISTINGS THIS MONTH
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4028 Ocean Drive, 2nd Floor, Avalon
Asking $599,000
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Spacious 3 bedroom condo offering an inviting cathedral ceiling and a huge amount of deck space!
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8201 Third Avenue, Unit 16
Stone Harbor
Asking $750,000
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BAY FRONT living at the Stone Harbor Bay Club Condominium! Enjoy fantastic views, a pool, sheltered parking, a boat slip and it's only about two blocks from the beach!
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231 25th Street, East, Avalon
Asking $799,000
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Spacious townhome in well-maintained condition and offering two decks, a private rear yard and a fantastic Park-n-Walk location!
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OPPORTUNITY KNOCKS! This is the lowest price on the entire 7 Mile Island for a single-family home located on the
beach side of Dune Drive!
The next lowest priced home is over $250,000 higher! The home offers two decks, a vaulted ceiling above the living area, an inviting, southern exposed yard surrounded by professional landscaping & more!
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763 Sunrise Drive, Avalon
Asking $2,295,000
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BRAND NEW BAY FRONT TOWNHOME WITH POOL!! Treat yourself to First Class! This spacious floor plan will feature 5 bedrooms, 5 bathrooms and tons of bayside decking! A boat lift is included plus a garage & tons of storage!
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7708 Sunset Drive, Avalon
Asking $3,500,000
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SPECTACULAR BAY FRONT SETTING! This spacious 6 bedroom home sits on an oversized lot in one of the most spectacular settings on the Island! Enjoy the quiet location that's only a short walk to the beach! Plus, there's year-round sunsets & panoramic views as far as the eye can see!
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94 East 25th Street, Avalon
Asking $4,850,000
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AMAZING BEACH FRONT LOCATION! This oversized 7,600 square foot site offers a sunrise to begin each day and panoramic views up & down the coastline! The exceptionally low dune line maximizes the view...plus you can easily walk into town!
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24 Heron Drive, Avalon
Asking $5,685,000
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SPRAWLING BAY FRONT HOME ON A DOUBLE LOT (138'x155')!! The oversized lot offers a very distinctive architectural design accented by exceptionally large rooms, tons of bayside decking and a home with tremendous breadth stretching along the bay!!
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WANT TO SEE THE MOST RECENT SALES?
CLICK BELOW
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Book Your 2018 Summer Rental Now!!
Great Weeks Available!
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Visit the RENT section of my website today at
WWW
.AvalonProperties.com. Check-out the selection of nice Avalon & Stone Harbor rental properties!!
Please contact my Rental Manager, my Rental Assistant, or me at your earliest convenience, and we will be happy to assist you.
Lisa Beck (Rental Manager)
or call
609-967-4200 x3125
Andrew Lehman (Rental Assistant)
or call 609-967-4200 x3124
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The Borough of Avalon is working toward.....
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The town of Avalon is working towards moving the Community Rating System (CRS) rating class from 5 to 4. The rating move would add to the discount Borough homeowners receive on federal flood insurance, increasing the discount above the current 25% - 30% discount. At the moment, the Borough is entering a program to have Stockton University's Coastal Research Center aid in the development of a Storm Water Management Plan. That is a component of a Watershed Management Plan which is a requirement for Class 4 status.
Avalon entered the Community Rating System in 1996 and was the first municipality in the county to achieve a Class 5 status.
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Seventh Annual Barefoot Ball Success
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The Helen L. Diller Vacation Home for Blind Children hosted their seventh annual Barefoot Ball on September 9th at the Windrift Hotel; with more than 300 people in attendance; the event raised more than $350,000!
The event provides funding to give blind and visually impaired children an all expense-paid week of summer camp at the Diller Vacation Home; which has been providing children an opportunity to enjoy the island every summer since 1972.
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Townsends Inlet Bridge to Accept EZ Pass
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The Cape May County Bridge Commission, who operates the Middle Thorofare Bridge (otherwise known as Townsend's Inlet Bridge) connecting Avalon & Sea Isle City is in process of installing EZ Pass in the hope of easing traffic flow. Initially the project was slated to be completed by the end of May 2017 but repair to the Townsend's Inlet bridge in June and July 2017 caused the project to be delayed.
Adding EZ Pass is one of several changes the commission hopes to make in the future. Earlier this year the commission authorized a study that could lead to a possible bridge replacement.
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Tree Lighting and Caroling in Stone Harbor
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Stop into town on Wednesday, December 6th for an afternoon of caroling; followed by the annual tree lighting ceremony. An afternoon of Christmas cheer begins at 4:45 pm in front of Borough Hall with a trolley ride around town and caroling. At 6:00 pm join Mayor Davies-Dunhour, members of council and the Stone Harbor and Avalon Elementary faculty for the tree lighting ceremony at 9508 Second Avenue. Follow up at 6:30 pm with a trip to the Stone Harbor Firehouse for refreshments and pictures with Olaf!
For more information on all listed activities; please call the Stone Harbor Recreation Department.
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Fishing is Big Business!!!
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$85 million - that's the value of Southern Cape May County's commercial fishing industry, according to a recently released Federal report! And as measured by dollar volume, the combined port of Cape May/Wildwood ranks as the 2nd biggest on the East Coast and the 9th biggest in the Nation! Scallops are one of the largest contributors of the 'dollar volume' and the waters off NJ have been extremely productive for scallops.
Fish On!
For those of you who prefer to catch your own seafood, c'mon down! This time of year is excellent for tautog, seabass and striped bass fishing! While fishing this time of year, you'll often see large whales feeding within just a few miles of the beach! In fact, TODAY the whales were about one mile off the beach, just North of Townsends Inlet!
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Steel Poles in Stone Harbor Stir Debate
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Stone Harbor's 70 foot tall steel electric poles were the topic of conversation at a recent Stone Harbor council work session. Announced by Mayor Judith Davies-Dunhour; the Borough's Planning Board had retained services to conduct an independent analysis of the feasibility and costs of removing the existing poles and burying electric transmission lines to the substation on 60th Street.
The steel poles have been a hot topic of conversation with Stone Harbor home owners since their installation in October 2016.
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Avalon Receives Funding for Open Space Projects
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The Borough of Avalon recently received approval of two grants that total approximately $2.07 million dollars for two major projects that will greatly benefit the town.
The Board of Chosen Freeholders approved two heritage projects on November 14th. The funding ensures residents and visitors the ability to enjoy extraordinary recreation and cultural opportunities.
The grant allocates nearly $2 million for the creation of a new Surfside Park; to be located adjacent to the Avalon Boardwalk at 30th Street and the beach. Surfside Park will consist of new playground equipment, a small elevated berm that will face a small performance stage for concerts, performances, and activities for children. It will also include new bathroom facilities, rinsing stations and a changing station for folks down for the day. Also included; new playground equipment and a brand new gazebo. The remaining $70,000 in funding will be used for the expansion and connectivity of Avalon's popular bicycle path which currently exists on Dune Drive.
The completion date for the upgraded Surfside Park with construction starting in September, 2018; is anticipated for May, 2019; the expansion bicycle path is to be completed before the end of 2017.
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