Tracks in the sand—of all shapes & sizes! During the winter months SUVs and pickup trucks are often used on the beach—with permits—for fishing. Heavy equipment is used for beach maintenance and replenishment projects. And, of course, those walking the beach for enjoyment leave foot prints!
BUYER’S LOOKING for properties are benefitting from better market conditions. Multiple offers are far less common now; there is less pressure for buyers to make a “no contingency” offer; there are more homes to choose from than there were a year or two ago; and, interest rates have eased somewhat in the past few months.
LOOKING TO MAKE your mortage even more affordable? Many buyers have opted to use hybrid adjustable rate mortgages, such as 3/1-, 5/1-, and 7/1 ARMs. That type of adjustable rate mortgage offers a fixed-rate for the first three, five, or seven years, typically a good bit lower than a thirty-year fixed rate. After the initial fixed rate period, the ARM rate can then adjust annually. Most mortgages are not held anywhere near thirty years—in fact, most are held five to seven years—so a hybrid ARM can be a wise move if you’re planning to pay off the mortgage early, or planning to refinance it within a certain time frame.
NAVAL AIR STATION WILDWOOD NEEDS HELP through the weekend! NASW, home to many vintage aircraft, is asking for volunteers to help through this weekend. Hangar #1’s northside roof replacement has been completed, and volunteers are needed to assist the museum staff in cleaning the hangar in preparation for reopening. Tasks include power washing, sweeping, moving aircraft and exhibits, and more. Volunteers are asked to dress warm, and register here: https://forms.gle/
UNCLE BILL’S PANCAKE HOUSE IN AVALON is currently undergoing renovation, for the first time in 20 years, and is currently closed. Uncle Bill’s in Stone Harbor is open daily from 7am to 1pm.
conditions tilted for buyers: multiple offers; sight unseen; no contingency offers; interest rates levelled off
“PUT REALITY in your rear view mirror, and drive to the beach house in your mind!” –Jimmy Buffet, on Radio Margaritaville. Good idea, Jimmy!
UPCOMING EVENTS:
- US Naval Air Station volunteer clean up project, through Sunday, January 15th. Volunteer here: https://forms.gle/
wjcCYrpUmxyXwqxaA - Avalon Floodplain Management Plan update meeting, Avalon Borough Hall, Friday, January 13th, 2:30pm.
- 20th Anniversay Friend In Need Super Bash, Princeton Bar & Grill. Silent auction, raffles, food, beverages, giveaways, music. Sunday, February 12, 4:30pm. Tickets available at https://www.friendinneednj.
org/ - Shop-A-Holics Weekend, Seven Mile Beach Shopping Districts, Thursday-Sunday, March 9-12.
- Stone Harbor Shiver, 95th Street beach, Saturday, March 18th.
New Listings:
469 22nd Street, B, Avalon, $975,000, ACTIVE MLS#: 230034
500 Avalon Boulevard, Avalon Manor, $2,200,000, ACTIVE MLS#: 230065
40 N Inlet Drive, Avalon, $2,495,000, ACTIVE MLS#: 230040
5765 Ocean Drive, Avalon, $3,949,000, ACTIVE MLS#: 230033
10 E 27th Street, 10, Avalon, $3,995,000, ACTIVE MLS#: 230070
12 E 27th Street, 12, Avalon, $3,995,000, ACTIVE MLS#: 230071
74 W 30th Street, Avalon, $4,695,000, ACTIVE MLS#: 230017
8808 First Avenue, Stone Harbor, $11,995,000, ACTIVE MLS#: 230062
Properties Under Contract:
667 22nd Street, Avalon, $1,695,000, UNDER CONTRACT MLS#: 223498
260 110th Street, Stone Harbor, $2,200,000, UNDER CONTRACT MLS#: 230003
Properties Sold:
416 98th Street, Stone Harbor, $3,300,000, SOLD MLS#: 222697
24 E 19th Street, Avalon, $6,247,500, SOLD MLS#: 223208
