Real Estate Insider - January 2020 Edition

Happy New Year!

Will Your Path Lead To The Beach?

The New Year is upon us and we're looking up at a fresh new start and a clean slate. Ready to make the most of your year? So are we. Whether you're searching for the perfect rental for your summer vacation, or want to live like a local and plan on making this year the year you plunge into the shore home ownership market, we're here to help you accomplish your goals. Call our expert agents today at (609) 967-0829 or contact us online to get started now.

Why Avalon Ranked As A Must-Visit Winter Town

We All Know How Beautiful Our Beach Days Are, But Have You Experienced The Magic of Winter? Read The Story Here.

Save The Date!

Save the date and come celebrate the 10th Annual Stone Harbor Shhhiver on March 21st. A Pre-Shhhiver Party will be held at the Yacht Club of Stone Harbor.

The January Market Report

Happy 2020! I hope your holidays were wonderful spent with family and friends making amazing memories. All things merry here on Seven Mile Island!

If the last quarter is an indicator, we are primed for a great first quarter of 2020 with 68 homes going under agreement in 90 days! 23.5% of these homes were $3.0 million or more – two oceanfront, three beach block and one Avalon new construction home. There were also sales in the townhome category along with condominiums.

Interest rates continue to remain consistently low at 3.375 for jumbo financing — a full percentage point lower than this time last year. Under 3.0% for very attractive adjustable programs improves buyer's purchasing power in spite of increased property values. First quarter generally sees increased inventory levels along with buyer interest. As new homes enter the market so follows the buyer. Smart buyers are in the market now when there is little to no competing buyer interest. The market is “their oyster”! No bidding wars to worry about.

I just launched a brand new website which is obtaining tons of new interest: www.HollyRennie.com. This new and improved website has you the reader in mind. Lots of information about the market and your seashore communities along with vacation sale and rental properties.

Over the holidays you probably decided if you are returning to Avalon and Stone Harbor for vacation. DO NOT DELAY! We have been taking reservations for months and this part of our business never sleeps! Call 609-967-0289 or email Andrea@HollyRennie.com . Andrea has her finger on the pulse of our rental market. It is never too early to finalize your family vacation.

If you decided this is the year to purchase your home instead of rent, call or email me (609-967-0289 - Holly@HollyRennie.com ) with your specific information in hand, I can keep you in mind as new opportunities become available or BEFORE homes actually hit the MLS.

I am hoping 2020 will be a fantastic year for all of us. We look forward to seeing you in the New Year and assisting with any of your seashore real estate needs. And feel free to pass on our name, number and email to friends and family. We will treat them like our own family!

Until we see you again be well and safe!

All the best,

Holly C. Rennie

2019 Sales Transactions Recap - Avalon

2019 Sales Transactions Recap - Avalon & Stone Harbor

Current Inventory Of Active Listings

Start The New Year Off Right By Finally Finding The Home Of Your Dreams

Our Featured Listings

2158 Harbor Avenue

Avalon

4 Bed | 3 Bath | Waterfront Home

Coming to the market in just a few days! This 4 bedroom, 3 full bathroom home has over 2,000 square feet of living space and is located along the water on Harbor Avenue in Avalon. This home won't last long, so be sure to contact our team soon for more details so you can be one of the first to

323 80th Street, Unit 15

Avalon

3 Bed | 2.5 Bath | Great Location

The ideal spot for family summer vacation! This home's location places you a block to the bay for fishing and crabbing, and two blocks to the beaches of Stone Harbor and south Avalon, along with the largest family recreation area in Stone Harbor. Family restaurants and the center of Stone Harbor shopping district are conveniently located a short walk from your front door. This two-story townhome condo has also been completely renovated with new flooring, appliances and more to give it a brand new feel. The custom kitchen offers granite countertops, glass tile backsplash, stainless steel appliances, custom lighting fixtures all complimented with custom cabinetry. Both of the baths are completely new with tile and glass enclosed tub in the hall bath and glass enclosed tile shower in the master ensuite bath. The home is a show place and easily the nicest in the Heron Cove complex — a favorite location for repeat summer tenants. The complex is well-cared for with brand new siding and composite decking. The heated pool, shared bike storage and outside shower make for the perfect summer setting. Call for more details while this home is still available or better yet jump in the car and drive down to see it in person!