A peaceful evening on the bay, passing on a family tradition, one cousin to another.
WHAT’S DRIVING THE MARKET? Our local real estate market has shown its strength yet again, with 132 properties currently under contract. What has been driving the market? Several important factors:
- Demand for properties remains very strong as buyers seek close-to-home vacation options that don’t involve flights or long-distance travel. Vacationing at your own shore property is an ideal way for you and your family to get away while still social distancing.
- Inventory has been limited as property owners have been holding on to properties rather than selling, possibly for the same reasons.
- Stock market gyrations: wild swings in stock indices make real estate–traditionally a more stable investment–much more appealing by comparison.
- Interest rates: unbelievably low rates–recently between 2.5% and 3.0%–allowing buyers to lock in low financing costs for the duration of their ownership.
IS THIS THE RIGHT TIME FOR YOU? Whether you’re ready to buy or sell, let’s discuss your unique situation and formulate a plan to achieve your goals. Call or email me today!
PEOPLE PEOPLE HELPS RISTORANTE LUCIANO! People People, located at 9810 Third Avenue in Stone Harbor, has allowed Ristorante Luciano (9820 Third Avenue) to utilize their outdoor space in order to provide garden seating for outdoor dining. What a great example of neighbors helping neighbors during unusual and difficult times! Ristorante Luciano is now open for outdoor dining in addition to take out! Be sure to visit People People before or after you dine! Many other restaurants are offering outdoor dining too, including (but not limited to) The Watering Hull, Fred’s Tavern, Jay’s On Third, and Chill. In Avalon, Polpo, Cafe Loren, The Diving Horse, The Princeton, Sylvester’s, and numerous others are offering outdoor dining. Give them a try!
GET OUT ON THE WATER! Aside from the beach, there is no better way to enjoy life at the shore than being out on the water! Even if you don’t own a boat, there are many great ways to get out on the water, and we’ll highlight several of them in the coming weeks. Here’s a look at two great options: the Miss Avalon and the Avalon Lady. The Miss Avalon departs twice daily for ocean fishing, while the Avalon Lady specializes in back bay fishing. If fishing is not your thing, the Miss Avalon offers evening dolphin & nature cruises twice weekly, allowing you to enjoy views of Avalon only available from the water. Visit www.missavalon.com for details and schedules.
AVALON’S BEACHES will be closed nightly from 9pm to 4am, and the boardwalk will be closed from 11pm to 4am, per an executive order from Mayor Martin Pagliughi. The closures are designed to prevent groups of minors from gathering at these locations while violating local and state orders requiring social distancing and the wearing of masks.
SHIPWRECK LECTURE: with an estimated three thousand shipwrecks off the New Jersey coast, there’s plenty to learn about! The Avalon History Center invites you to join Professor Stephen Nagiewicz for a virtual discussion of the sunken mysteries lying off the beach on Tuesday, July 21st, at 6pm. Register via the History Center’s Facebook page at https://www.facebook.com/events/967867680322545/
New Listings:
246 99th Street, #1, Stone Harbor, $895,000, ACTIVE MLS#: 202409
276 32nd Street, East, Avalon, $1,095,000, ACTIVE MLS#: 202406
249 13th Street, Avalon, $1,595,000, ACTIVE MLS#: 202332
4739 Ocean Drive, Avalon, $1,895,000, ACTIVE MLS#: 202381
26 W. 29th Street, Avalon, $1,989,000, ACTIVE MLS#: 202393
226 45th Street, Avalon, $2,245,000, ACTIVE MLS#: 202392
137 109th Street, Stone Harbor, $2,700,000, ACTIVE MLS#: 202370
220 86th Street, Stone Harbor, $2,895,000, ACTIVE MLS#: 202379
245 67th Street, Avalon, $2,975,000, ACTIVE MLS#: 202334
10 Sea Gull Dr., Avalon, $6,495,000, ACTIVE MLS#: 202402
Properties Under Contract:
513 Avalon Boulevard, Avalon Manor, $299,900, UNDER CONTRACT MLS#: 201674
7900 Dune Drive, #307, Avalon, $325,000, UNDER CONTRACT MLS#: 202178
7929 Dune Drive, #311, Avalon, $349,000, UNDER CONTRACT MLS#: 200546
9816 Second Avenue, #12, Stone Harbor, $399,000, UNDER CONTRACT MLS#: 201794
58 Weber Court, Stone Harbor, $682,500, UNDER CONTRACT MLS#: 201788
378 83rd Street, #6, Stone Harbor, $725,000, UNDER CONTRACT MLS#: 189594
18 Linden Lane, Stone Harbor, $829,000, UNDER CONTRACT MLS#: 202296
38 Seabreeze Lane, Avalon Manor, $839,000, UNDER CONTRACT MLS#: 180952
733 21st Street, Avalon, $849,000, UNDER CONTRACT MLS#: 201430
1988 Dune Drive, Avalon, $875,000, UNDER CONTRACT MLS#: 201643
9820 Sunset Drive, Unit A, Stone Harbor, $885,000, UNDER CONTRACT MLS#: 202295
6732 Ocean Drive, Unit H, Avalon, $945,000, UNDER CONTRACT MLS#: 202190
213 109th Street, Stone Harbor, $1,029,000, UNDER CONTRACT MLS#: 202216
2127 4th Avenue, Avalon, $1,395,000, UNDER CONTRACT MLS#: 202291
344 89th Street, Stone Harbor, $1,850,000, UNDER CONTRACT MLS#: 202274
225 38th Street, Avalon, $2,195,000, UNDER CONTRACT MLS#: 200201
295 55th Street, Avalon, $2,279,000, UNDER CONTRACT MLS#: 201638
165 99th Street, Stone Harbor, $2,399,000, UNDER CONTRACT MLS#: 200451
254 6th Street, Avalon, $2,545,000, UNDER CONTRACT MLS#: 187878
391 20th Street, Avalon, $2,550,000, UNDER CONTRACT MLS#: 201615
9301 Sunset Drive, Stone Harbor, $2,895,000, UNDER CONTRACT MLS#: 201394
7529 Sunset Drive, Avalon, $2,950,000, UNDER CONTRACT MLS#: 201662
198 72nd Street, Avalon, $4,350,000, UNDER CONTRACT MLS#: 187910
Properties Sold:
9816 Second Avenue, #4, Stone Harbor, $279,000, SOLD MLS#: 201783
10800 Third Avenue, Unit B2, Stone Harbor, $650,000, SOLD MLS#: 200986
580 Avalon Boulevard, Avalon Manor, $825,000, SOLD MLS#: 185578
1116 Stone Harbor Blvd., #305, Stone Harbor Manor, $940,000, SOLD MLS#: 201473
481 7th Street, Avalon, $1,300,000, SOLD MLS#: 188601
11 Inlet Drive, East, Avalon, $1,325,000, SOLD MLS#: 188289
7428 Ocean Drive, Avalon, $2,850,000, SOLD MLS#: 190515
74 E. 13th Street, Avalon, $3,095,000, SOLD MLS#: 202026
123 7th Street, Avalon, $3,200,000, SOLD MLS#: 201869
