Avalon and Stone Harbor Weekly Update May 19, 2022

View The Latest Long & Foster Market Minute Report | Download/Print PDF

MARKET STATS: The median sale price increased to $1,912,500 during the month of April, up from $1,500,000 last year. The number of units sold decreased, held back again by lack of inventory. For a detailed look at the market see the latest Long & Foster Market Minute report.

SUNSHINE & BLUE SKIES returned after a week of rain & wind. Pleasant temperatures should hold through the week, and may reach into the 70s over the weekend. The ocean water temperature–which lags behind air temperatures–is still a chilly 53 degrees.

INTEREST RATES are up compared to a few months ago, but in a historical context they remain quite reasonable at just over 5%. Take a look at the rate chart below from Prosperity Mortgage…for most of the last fifty years rates have been significantly higher than where they are today.

BRING A SHOPPING BAG (OR TWO!) WITH YOU: A recently enacted NJ law went into effect May 1^st preventing most stores from supplying plastic or paper bags to customers. Reducing waste and pollution are the aims of the law, but shoppers need to get in the habit of carrying their own reusable bags when they shop in New Jersey. If you’re arriving at your shore home for the first time this season, or you’re vacationing here, bring a supply of reusable bags with you!

NEW JERSEY BOATERS are required to have a NJ boat license when out on the water operating a vessel. Unlicensed boaters must first take a class, and then pass a boating safety test. Some classes are offered online, while others are offered in person. The US Coast Guard Auxiliary offers a series of classes–check their schedule here: http://wow.uscgaux.info/content.php?unit=053-08-02&category=upcoming-boating-classes Classes from other providers are available as well.

WHETHER YOU’RE HERE FOR THE SEASON, or for a week’s vacation, you’ll find the Avalon & Stone Harbor visitor’s guides useful in planning your stay. From events and activities to trash collection schedules to a list of lifeguarded beaches, there is a variety of helpful information. It’s also a great way to map out a shopping trip or plan a list of restaurants to try!

Check out Stone Harbor’s guide here:

https://stoneharborchamber.com/2022-visitors-guide

Check out Avalon’s guide here:

https://view.publitas.com/seven-mile-publishing/seven-mile-beach-vacation-guide-2022/page/1

UPCOMING EVENTS:

Stone Harbor Yard Sale, 94^th & Second Avenue, Saturday, May 21st, 8am-2pm. (Date changed from May 14^th.)
“Dressed to Kill” with Dana Bala, Avalon History Center Lecture, 39^th Street tennis building, Saturday, May 14^th, 1pm.
Wetlands Institute Spring Shorebird & Horseshoe Crab Festival, Saturday, May 21^st 9:00am to 4:30pm. wetlandsinstitute.org/events/spring-shorebird-and-horseshoe-crab-festival
Flood Maps Lecture, Avalon Free Public Library, Saturday, May 21^st, 3pm.
Stone Harbor Museum Grand Opening, Saturday, May 28^th, 10am. Stop by and see the newly renovated Museum, including a variety of Stone Harbor history displays.
Turtle Trot 5k & 2-Mile Fun Run, Sunday, May 29^th. Register at https://raceroster.com/events/2022/60233/stone-harbor-turtle-trot-5k
Strawberry Festival, Sweet Jersey Strawberry Desserts & Springer’s Ice Cream, St. Mary’s Parish Hall, 95^th & Third Avenue, Sunday, May 29^th, 6pm to 8pm. www.StMarysStoneHarbor.org
Memorial Day Parade, Avalon, Monday, May 30^th, 9am. Parade begins at 32^nd & Dune Drive and heads north on Dune Drive to 21^st Street.
Memorial Day Parade, Stone Harbor, Monday, May 30^th, 12 noon.
Avalon Garden Club 38^th Annual Flower Show, Avalon Community Hall, Saturday, June 11^th, 10am to 2pm. www.AvalonGardenClub.org.
Beach Movie, “Spider-Man: No Way Home,” June 28^th, 30^th Street Beach, dusk.

New Listings:

5961 Ocean Drive, Avalon, $2,249,000, ACTIVE MLS#: 221419

251 109th Street, Stone Harbor, $2,449,000, ACTIVE MLS#: 221437

285 58th Street, Avalon, $2,699,000, ACTIVE MLS#: 221425

35 W. 19th Street, Avalon, $2,950,000, ACTIVE MLS#: 221443

3088 Ocean Drive, Avalon, $4,900,000, ACTIVE MLS#: 221446

190 74th, Avalon, $4,995,000, ACTIVE MLS#: 221403

8808 First Avenue, Stone Harbor, $13,900,000, ACTIVE MLS#: 221461

Properties Under Contract:

320 40th Street, Avalon, $1,675,000, UNDER CONTRACT MLS#: 220829

221 17th Street, Avalon, $2,195,000, UNDER CONTRACT MLS#: 221222

1796 Ocean Drive, Avalon, $3,100,000, UNDER CONTRACT MLS#: 221366

245 67th Street, Avalon, $3,795,000, UNDER CONTRACT MLS#: 221390

275 85th Street, Stone Harbor, $3,895,000, UNDER CONTRACT MLS#: 220861

Properties Sold:

7800 Dune Drive, 228, Avalon, $325,000, SOLD MLS#: 221148

7888 Dune Drive, 319, Avalon, $349,000, SOLD MLS#: 220648

7888 Dune Drive, 314, Avalon, $349,000, SOLD MLS#: 220763

7888 Dune Drive, 309, Avalon, $359,000, SOLD MLS#: 220824

8201 Third Avenue, 11, Stone Harbor, $940,000, SOLD MLS#: 220515

159 84th Street, Stone Harbor, $3,595,000, SOLD MLS#: 220799

2538 Dune Drive, Avalon, $3,600,000, SOLD MLS#: 200821

Meet Bill and Kay