The Summer Season Is In Full Swing On Seven Mile Island!

The sun is shining, the water is warm, and the beaches of Avalon and Stone Harbor aren't the only things that are heating up! The weather has been fantastic and our magical seaside town has plenty of amazing family-friendly events coming up over the next several weeks. We also have some incredible vacation rental properties with prime weeks still available, so be sure to visit our rental inventory online to lock in your dates today. You deserve a vacation!

Townsends Inlet Bridge Is Opening!

There's a light at the end of the tunnel...and at the end of the island! Towsends Inlet Bridge is set to open July 30th. Read the full story here .

The Wildly Popular "Thursdays On Dune" Are Back!

Grab the crew and head over to Avalon's Veteran's Plaza for live music, hands-on activities and tons of giveaways

Santa Is Heading To His Stone Harbor Beach House!

Head over to The Reeds from 7/21 thru 7/26 to meet Santa and Mrs. Claus, and take pictures

The July Market Report

Seven Mile Island’s second quarter of 2019 finished off much differently than the first quarter. The first quarter saw a fury of activity with an increase in unit sales island wide. The first quarter of 2019 experienced an increase in homes placed under contract in all categories except condominiums. The influx of new inventory in the single home market along with new opportunities in the townhome market fueled these sales. First quarter saw a 33% increase in single home sales with Avalon at 52%+. Townhome sales were ahead by 33% as well with a 40% increase in Avalon sales.  The trend in single home sales, while slowing down in March as inventory mix changed, experienced an increase in April of 19%. Avalon was even with sales of 2018 while Stone Harbor picked up some of the slack of the first quarter with an 80% increase in single homes placed under contract.  The townhome market continued strong performance in April exceeding 2018 numbers by 33%. The lack of single homes in the $800,000- $1,400,000 price range drove the buyer to the townhome property style. Sales of condominiums on the other hand continued to be down considerably (-65%) completely due to lack of inventory. 45% of the available condos in April were of the one bedroom floorplan most the condo-tel property style. This mix has continued to plague the condo category. May is the first month this year we saw a downturn in sales as compared to the last three years – 28 total properties sold on the island as compared to 26 in 2018, 35 in 2017 and 31 in 2016. The shift in property values placed under contract impacted the average sale price in May as well. Average sale price across all property categories sat at $1,378,000 for May 2019 as compared to $1,984,000 in 2018; $1,517,100 in 2017 and $1,666,000 in 2016. In 2018 sales over $2.0 million represented 49% of total sales; 37% in 2016 and 26% in 2017. In 2019 sales over $2.0 million represented 23% of the total sales for the month. 76% of the sales in May 2019 were under $2.0 million. June saw the largest drop in units placed under agreement with a 69% decrease in overall sales in Avalon. Stone Harbor saw the sale of two more homes than in June 2018; 8 as compared to 6. Four townhomes sold as compared to six in 2018; 4 condos compared to 6 in 2018. Single home sales sat at 7 in Avalon compared to 12 in 2018. Inventory continues to specifically plague the townhome and condo market with only 3 – 3 bedroom condos for sale as of 7/1 and ZERO townhomes that are not Bayfront. In 2018 Avalon had 4 sales over $3.0 million – in 2019 only 1. Sales $2.0-$3.0 were similar in number 4 in 2019 and 3 in 2018. June sales in Stone Harbor while slightly ahead of those in 2018, saw a drop in average sale price by 80%. This is are reflection of a shift in the sale of lower price homes. Stone Harbor continues to be plagued by lack of townhome and condo properties to sell along with single homes in the under $2.0 price range. The Ferguson Dechert team continued to dominate Avalon sales boasting 62.5% of the sales and 25% of the listings. In total transactions our team participated on both sides of the transaction 25% of the time. July and August are historically the most productive sales months on Seven Mile Island. Vacationers become buyers while in town. Higher end sales generally occur deep in the summer months. Key to re-capturing the positive trend of the first quarter will be well balanced inventory. Buyer’s purchasing power continues to be strong with continued reduced rates well beyond those of 2018.  If you are thinking of selling, list before summer’s end, price it for the market and your home will sell this year season. You can enjoy the summer and close in the fall. There is no better time to be a seller than right now. Call me if you would like to discuss your particular circumstances. I will be happy to share market details specific to your home. Our team is ready to sell your home! If you are trading up, downsizing or purchasing for the first time, let me be your eyes and ears. Homes are selling before or immediately after hitting the market to buyers who benefit from the expertise of an active professional realtor. Call/email me if I can assist. Thanks and have a fantastic Summer! Holly C Rennie

Homes Are Selling Fast In Our Area. Should Yours Be Next? See Why Our Team Has A Custom Plan For Every Listing!

This Week's Featured Listing

141 29th Street, Avalon 6 Bed | 3 Bath | 3,300+ Sq Ft

LOCATION….LOCATION…LOCATION!!! There’s nothing like arriving at your summer home parking the car and enjoying the convenience of walking and biking to the beach ( 2 ½ blocks away), recreation, your favorite restaurants and watering hole, ice cream and anywhere in town! Built by the current and ONLY owner, this home was designed with focus on enjoying the outdoors along with bringing the sounds and light of the ocean, salt air and summer breezes into the home. The heart of the home is the second floor great room and screened porch. No matter the weather your living area extends outside onto the screened porch. In the fall/winter the natural solar keeps this area comfortable while in the spring/summer the ocean breezes fill the space with cool air. The generous sized kitchen offers a large center island ideal for food prep but also entertaining or grabbing a quick bite to eat. Hardwood flooring, crown molding, gas fireplace with wood mantle, built-in bookcases and window seats create a cozy welcoming ambiance. The master suite with private tiled bath shares the second floor with two additional bedrooms and tiled hall bath. A hardwood staircase joins the first floor family room and bedrooms to the second floor. Your guests will enjoy the comfort of two first floor guest rooms that open up through sliding doors to a mature landscaped rear yard. Lovingly maintained this yard is in bloom throughout the growing seasons filling the space with wonderful color and aroma. The front “bunk room” on the first floor is generous in size designed to accommodate the young people in the family. The family room opens to a 12’x33’ covered deck where you will find yourself relaxing after a fun day on the beach. Some of the special features include audio in main living space and second floor deck; crown moldings throughout; two gas fireplaces; corian tops and tiled floor/wall surfaces in bathrooms; solid core doors; hurricane tilt-in windows; stainless appliance package; low maintenance exterior Certainteed siding, vinyl railings on fiberglass and composite decking/screened porch; exceptional landscaped yard.

Featured Vacation Rentals

11020 Sunset Drive, Stone Harbor 4 Bed | 3 Bath | Sleeps 10

4521 Ocean Drive, Avalon 5 Bed | 4 Bath | Sleeps 10

10009 Sunset Drive, Avalon, Unit 2 5 Bed | 4 Bath | Sleeps 10

See Why Coastal Living Magazine Named Avalon As One Of The Top 10 Beach Towns!

JUST HIT THE MARKET!

Browse All Of The Newest Listings Throughout Avalon & Stone Harbor In One Convenient Location

SOLD PROPERTIES

See What Homes Have Sold Around The Island And For How Much

EVENTS CALENDAR

Upcoming Events in Avalon & Stone Harbor July 19th: Avalon Nights Live, Avalon Plaza, 6pm-8pm (Repeats Every Friday) July 19th: Family Fun Night, Surfside Park, 6:30pm-8:30pm (Repeats Every Friday) July 21st: Stone Harbor Triathlon, Yacht Club of Stone Harbor, 7am-10am July 21st: Stone Harbor Farmer’s Market, 95th Street Water Tower Plaza, 8am-12:30pm (Repeats Every Sunday) July 22nd: Stone Harbor Family Fun Night, Stone Harbor Fire House, 7pm – 7:45pm (Repeats Every Monday) July 25th: Trunk Show Series, Janie & Jack in Avalon, 4pm-7pm July 25th: Family Movie Night, Stone Harbor Library, 5:30pm-7:30pm July 27th: Wetlands Institute Summer Celebration, The Wetlands Institute, 6pm-9pm August 1st-29th: Summer Date Night in Avalon, Participating Restaurants, Mondays-Thursdays August 3rd--4th: 57th Annual Stone Harbor Arts & Crafts Festival, Stone Harbor Recreation Center, 9am-5pm August 5th: Stone Harbor Go Green Fair, 95th Street Water Tower Plaza, 6pm-8pm August 5th: Punchline Comedy at Avalon, Palmer Plaza, 7:30pm-9pm August 6th: Stone Harbor National Night Out, 95th Street Water Tower Plaza, 5pm-8pm August 10th: American Legion 100th Anniversary Celebration, American Legion Post #331, 3pm-6pm August 11th: Stone Harbor Surf & Turf 5 Miler, Stone Harbor Recreation, 6:45am-11am August 17th: Festival of Lights: Boat Parade, Yacht Club of Stone Harbor, 9pm-11pm Upcoming Events at the Avalon Recreation Center Mondays: Aerobics, 9am Mondays: Character Night, Surfside Park, 6:30pm-8:30pm Mondays: Line Dancing, 1:30pm-3pm Mondays: Sit and Be Fit, 11:15am-12pm Tuesdays: Beach Movie, 30th Street Beach, Dusk Tuesdays: Move and Groove, 12pm-12:45pm Wednesdays: Fit Fam, 8:30am-9:30am Wednesdays: Aerobics, 9am Wednesdays: Sit and Be Fit, 11:15am-12pm Thursdays: Chair Yoga, 10am-11am Thursdays: Move and Groove, 12am-12:45am Thursdays: Concert, 7pm Thursdays: Activities and Live Music on Dune, 5:30-8:30 Thursdays: Beach Movie, 30th Street Beach, Dusk Fridays: Aerobics, 9am Fridays: Fit Fam, 8:30am-9:30am Fridays: Kids Art Days, Avalon Comm Hall, 10am-12pm Fridays: Sit and Be Fit, 11:45am-12pm Fridays: Family Fun Night, Surfside Park, 6:30pm-8:30pm Upcoming Events at the Stone Harbor Recreation Center Mondays-Saturdays: Surfing Lessons, 81st Street Beach, 10am or 11:30am or 1pm Monday-Sunday (No Tues/Thurs): Boot Camp, 81st Street and Second Ave, 8am-9am Tuesdays: Sand Barre, 82nd Street Beach & Second Ave Pavilion, 8:30am-9:30am Tuesdays: Low Sit Senior Cardio, Stone Harbor Elementary Gym, 11am-12pm Thursdays: Sand Barre, 82nd Street Beach & Second Ave Pavilion, 8:30am-9:30am Thursdays: Low Sit Senior Cardio, Stone Harbor Elementary Gym, 11am-12pm Fridays: Shore Shot Basketball Skills Workout, 82nd Street Pavilion, 6pm-7:15pm Fridays: Drop and Chop, 5pm-8pm (No Class June 28th) Fridays: Sunrise Yoga, 82nd Street Beach, 6am-7am Saturdays: Sand Barre, 82nd Street and Second Ave Pavilion, 9:15am-10:15am Sundays: Men’s Basketball League, 82nd Street Pavilion, 5pm-9pm

‌ ‌ ‌ ‌ ‌