Here's what's Making Waves
June 2020
Avalon & Stone Harbor
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Market Pulse
Avalon & Stone Harbor
(As per Cape May County MLS)
State of the Island
As predicted two months ago, people love their “Happy Place” here at the Shore, and that’s reflected by the exceptionally active rental & sale market here on the Island. The beaches, boardwalk, misc shops and restaurants (take - out) are open and people have adjusted to the social distancing requirements and safe health practices. As of June 15, the Boroughs of Avalon and Stone Harbor will allow outdoor dining!
When walking the beach this past weekend, it was a great feeling to see the porpoise and ospreys fishing for their meal just offshore of the breaking waves. More and more boats are now in the water, the wave runners and paddle boarders are out, and signs of summer are everywhere! Also while walking the beach, it was encouraging to see the majority of people practicing social distancing and being respectful of others.
If you are looking for uncrowded beaches that are perfect for extreme social distancing, then check-out the beach between 40
th
Street and 56
th
Street in Avalon - there are only 4 beach paths in that nearly one mile span and as a result, those beaches are scarcely populated! Also check-out 122
nd
Street and “the point”, it’s a beautiful area with lots of wildlife and gorgeous sunsets!
State of the Real Estate Market
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In comparing activity during the month of May; this past May we drew more than double the # of leases!
*
In the sale market, the Island had a banner month of May with 37 properties being reported to the MLS as being placed Under Contract For Sale! Only one other time in the past 15 years has there been as many sales during the month of May!
And this is all despite the fact that some people are still not travelling and per Governor Murphy’s requirement, real estate offices are still closed to the Public! We’ve been working tirelessly to secure rentals for the owners whom we represent, and to help families reach their goal of selling, renting or owning a piece of Paradise!
* Breakdown of sales…
21 of the 37 properties were priced under $2M
11 of the properties were priced between $2M and $3M
3 of the properties were priced between $3M and $4M
There were only 2 properties placed under contract for sale over $4M (one for $6.8M, the other for $8.5M)
* There are 123 single-family homes currently For Sale in Avalon/Stone Harbor, with a Median Asking Price of $3.2M
* There are 56 condo/townhomes currently For Sale in Avalon/Stone Harbor, with a Median Asking Price of $689k
WOULD YOU LIKE A LIST OF PROPERTIES FOR SALE OR SOLD?
Just let me know and I’ll send it to you ASAP!
**NEW MLS LISTINGS BELOW**
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9501 Sunset Drive; Unit #6
Stone Harbor
Asking $599,950
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Beautifully renovated 2 bedroom, 2 bath unit at the bayfront Sunset Condominiums! Only a short stroll into town, and ON the bay! The common area in this building overlooks the bay & sunsets and boat slips are available!
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2108 Ocean Drive, Avalon
Asking $750,000
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Bay front condo with deep-water boat slip; easy walking distance of town, strong rental history!
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301 109th Street, Stone Harbor
Asking $874,900
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This upside down style townhome offers a sun-filled Great Room with a vaulted ceiling, hardwood flooring, two large decks, and a popular location within easy walking distance of the beach and Business District.
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7529 Sunset Drive, Avalon
Asking $2,950,000
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Built on an oversized lot in a very quiet neighborhood, this 5,000+ square foot custom home features bay & sunset views, a beautifully appointed interior, a pool and more
!
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472 22nd Street, Avalon
Asking $3,695,000
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Opportunity knocks! Rarely will you find a brand new single-family home at this price-point, ON the bay, offering bay, wetland & sunset views, and within walking distance to town! The spacious 3,500+ sq foot floor plan also features huge decks, 6 bedrooms + an Office and more! There’s cozy space for the family, and abundant entertaining space as well! Dock your boats in your rear yard, relax by the heated pool and enjoy all that the Bayfront Lifestyle has to offer!
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65 East 17th Street, Avalon
Asking $4,195,000
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Enjoy the mesmerizing sight & sound of the ocean! This custom beach block home features better views than most – you can even see the ocean from the kitchen, and of course from the Living/Dining area, the 2
nd
and 3
rd
floor decks, and you’ll love the ocean & sunrise views from the Master Suite! Additional highlights include an elevator, a pool surrounded by mature trees & landscaping, gorgeous hardwood flooring, a large Family Room spanning the rear of the home overlooking the pool & more!
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424 42nd Street, Avalon
Asking $5,295,000
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Gorgeous new bay front home offering nearly 5,000 square feet of living area and spectacular “long-water” views down the channel! The home is currently under construction and should be completed in a couple of months! Highlights include 6 bedrooms, 6 Full Bathrooms, 2 Powder Rooms, an elevator, a pool, boat slip & more!
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141 65th Street, Avalon
Asking $7,995,000
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This beach front home sits on a large lot spanning along the ocean front! The site offers views up & down the coastline! The home offers nearly 4,600 square feet of living area, multiple bedroom/bath suites, a pool, a detached garage & more!
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The Following Properties Have Gone Under Contract for Sale in the Past Two Weeks
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The Following Properties Have
Gone to Closing in the Past Two Weeks
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Book your rental today!
Great weeks & properties are available!
Check out our
website
or
give us a call
!!
Welcome Summer!
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Avalon National Flood Insurance Program
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The Borough of Avalon announced that it became only the second town in New Jersey to receive a Class 3 rating from the Federal Emergency Management Agency's Community Rating System. This improved rating gives Avalon homeowners a 35% discount on flood insurance rates!
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Beach Tag Policies for Avalon and Stone Harbor
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Beach tag policies for Avalon and Stone Harbor are as follows -
Avalon - Beach tags are presently for sale but Avalon will not be checking tags until July 3rd.
Stone Harbor- Beach tags are for sale and also required for Stone Harbor beaches at this time.
For more information on beach tags; please contact the borough of Stone Harbor or Avalon
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Bulk Trash Update
(new dates)
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Bulk trash pick up in Avalon has been moved to Monday, June 15th. Items may be placed at the curb from June 1-14th.
For more information on bulk trash pick up; please go to the Borough of Avalon website
.
For Stone Harbor residents - the next bulk trash pick up will be scheduled in September.
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