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HAPPY NEW YEAR! Wishing you & yours the very best for a happy, healthy, and prosperous 2021!
MARKET STATS: Strong purchase demand continued through the fall months, with November 2020 seeing a 30% increase in the number of units sold compared to a year ago. For a detailed look at the market, see the latest Long & Foster Market Minute Report above.
MARKET OUTLOOK: As we head into 2021, a fast start seems likely for the local real estate market. November statistics put new purchase contracts at a record high nationwide, according to the Wall Street Journal (December 31, 2020.) Purchase demand paused briefly for the holidays, while interest rates remain near historic lows, with 30-year mortgage rates available well under 3%. Along with a pent-up desire to travel and vacation near home, both the sale market and vacation rental market appear to be poised for another strong year.
REPURPOSE YOUR CHRISTMAS TREE: A limited number of Christmas trees are accepted by the Cape May County Zoo for use in animal habitats. The trees provide windbreaks and shelter from the cold, and even serve as food for camels and goats. They’re especially popular among lions, who pick them up and carry them around, according to the zoo! Trees must be free of ornaments and other items, and can be dropped off outside the zoo in a specially marked area, until the zoo reaches capacity.
THE MARINE MAMMAL STRANDING CENTER responded to 160 strandings in 2020, including 71 seals, 30 dolphins, 12 whales, and 41 sea turtles. Since 1978 the MMSC has responded to more than 5,500 strandings up and down the coast, and does extensive work to rehabilitate sick and injured animals whenever possible. To learn more about the Marine Mammal Stranding Center visit www.mmsc.org. While there, consider making a donation by clicking the “Donate” button.
VACATION RENTAL GUIDE: 2021 rental bookings are well underway–now is the time to determine your vacation dates and select a property. We’ve got something for every budget! Need some inspiration? Browse my 2021 Vacation Rental Guide here: https://www.flipsnack.com/franzeographics/long-and-foster-avalon-stone-harbor-rental-brochure-fd1kyp3nr.html When you’re ready to book a property call or email me!
New Listings:
227 96th Street, Unit F, Stone Harbor, $55,000 (Lease), ACTIVE MLS#: 210022
29 E. 28th Street, Avalon, $599,000, ACTIVE MLS#: 210002
311 80th Street, Avalon, $1,995,000, ACTIVE MLS#: 204809
227 120th, Stone Harbor, $2,999,000, ACTIVE MLS#: 210023
230 82nd Street, Stone Harbor, $3,150,000, ACTIVE MLS#: 204820
Properties Under Contract:
8001 Second Avenue, Stone Harbor, $483,900, UNDER CONTRACT MLS#: 204005
227 96th Street, Stone Harbor, $595,000, UNDER CONTRACT MLS#: 204752
356 95th Street, Stone Harbor, $1,195,000, UNDER CONTRACT MLS#: 204598
8410 Third Avenue, Stone Harbor, $1,295,000, UNDER CONTRACT MLS#: 203922
325 99th Street, Stone Harbor, $1,295,000, UNDER CONTRACT MLS#: 204736
10206 Third Avenue, Stone Harbor, $1,629,000, UNDER CONTRACT MLS#: 204614
321 99th Street, Stone Harbor, $2,175,000, UNDER CONTRACT MLS#: 204735
157 84th Street, Stone Harbor, $2,375,000, UNDER CONTRACT MLS#: 202456
10 E. 9th Street, Avalon, $2,850,000, UNDER CONTRACT MLS#: 203168
65 S. Pelican Drive, Avalon, $8,495,000, UNDER CONTRACT MLS#: 204347
Properties Sold:
497 Avalon Boulevard, Avalon Manor, $99,000, SOLD MLS#: 190427
788 Stone Harbor Blvd., Stone Harbor Manor, $120,000, SOLD MLS#: 148973
7888 Dune Drive, 201, Avalon, $340,000, SOLD MLS#: 204449
9511 Sunset Drive, Stone Harbor, $369,000, SOLD MLS#: 200013
247 B 88th Street, Stone Harbor, $760,000, SOLD MLS#: 204255
733 21st Street, Avalon, $820,000, SOLD MLS#: 201430
298 43rd Street, Avalon, $1,250,000, SOLD MLS#: 204117
2090 6th Street, Avalon, $1,500,000, SOLD MLS#: 203641
311 100th Street, Stone Harbor, $1,610,000, SOLD MLS#: 202541
386 22nd Street, Avalon, $2,100,000, SOLD MLS#: 202424
6043 Ocean Drive, Avalon, $2,560,000, SOLD MLS#: 186925
63 W. 31st Street, Avalon, $2,595,000, SOLD MLS#: 200950
294 57th Street, Avalon, $3,000,000, SOLD MLS#: 204247
45 W. 26th Street, Avalon, $3,450,000, SOLD MLS#: 201670
9 N. Pelican Drive, Avalon, $3,775,000, SOLD MLS#: 190056
10015 First Avenue, Stone Harbor, $4,000,000, SOLD MLS#: 201928
2205 Harbor Avenue, Avalon, $5,500,000, SOLD MLS#: 202425
